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Domestic cars lost the most in value at 3.2 percent among vehicles from the 2009-2013 model-years, while domestic trucks lost 2.1 percent. Compact pickups and full-size passenger vans and full-size cargo vans showed the most strength.
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A standard, and important, part of any fleet operation, the lease vs. buy decision is also one that requires specific financial knowledge and a clear understanding the process.
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Black Book expects luxury-level car segments will feel the largest depreciation through the balance of the year, largely driven by off-lease returns in lease-heavy segments.
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The latest auction figures point out a few important trends: First, the market for certain types of vehicles is definitely getting softer. Second, there really isn't one "used-vehicle market" anymore.
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Understanding depreciation, how vehicles are valued and when to remarket can improve your total cost of ownership.
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Used vehicles sold at auctions logged their highest depreciation this year in September, as 2009-2013 car and truck models fell 1.7 percent in value.
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Overall depreciation for used vehicles from the past five model years improved slightly from July as the average value fell 1.3 percent in the month compared to 1.5 percent in July, according to Black Book's monthly report.
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Used-vehicle depreciation slipped to 1.5 percent in July, as mid-size sedans led a sharper decline in value after a strong spring, reports Black Book.
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Ford and Toyota each took seven categories in Vincentric's 2014 Best CPO (certified pre-owned) Value awards announced today that covered 41 vehicle segments as well as three affordable brands.
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Depreciation rates on used vehicles are nearing levels not seen since the recession, though the trend will soon reverse and likely lead to marginally higher losses.
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