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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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The 19th annual Conference of Automotive Remarketing (CAR) changed venues this year to the Paris Las Vegas Hotel. Perhaps reflecting this change, most of the sessions and events looked to the future of the remarketing industry.
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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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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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Tesla Motors will begin offering a leasing program to small- and medium-sized businesses through its newly started Tesla Finance unit, the automaker has announced.
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Full-size passenger vans lost the least value in the commercial vehicle resale market in February, a month that typically shows strong vehicle retention, according to Black Book.
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The used-vehicle market weakened in January, as 2008-'12 model-year vehicles depreciated 1.9 percent compared to the 1.4 percent depreciation in December, according to Black Book's monthly reporting.
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Strong new-car sales shouldn't hurt newer model-year fleet vehicles with comparable mileage at remarketing auctions, according to one of the industry's top remarketing analysts.
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Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.
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