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After a steeper decline to start 2014, depreciation is expected to settle into the range of 1% to 1.5% per month for the rest of the year.
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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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This reader is asking for guidance when trying to determine whether good deals on used cars would be beneficial to a company's fleet.
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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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Used vehicles sold at auction depreciated 1 percent in June compared with a 0.4 percent rate in May, which is typical for summer months, according to Black Book.
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Used full-size vans recorded a stout May at auctions, as used vehicle retention value slipped 0.4 percent, following several months of resale strength, according to Black Book's monthly report.
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Faced with tightening corporate average fuel economy standards in the U.S., automakers have turned to a new generation of cleaner burning diesel passenger cars and SUVs to help them meet the new regulations.
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Compact SUVs and cargo minivans paced a strong April for remarketers, as used vehicles from the 2008-2012 model years rose 0.9 percent in value in a month that's typically one of the strongest of the year for auctions.
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To get the most value from a used truck, fleet managers looking to auction their units should do a little research and be thoroughly prepared.
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Used vehicles sold at auction lost a scant 0.3 percent of their value in March, a month known for strong retention as tax-refunded buyers come out in droves, according to Black Book.
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