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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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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 number of vehicles on New Zealand roads ended 2013 at 2.48 million in one of the strongest years for automotive growth in the country since 2005, according to the Motor Trade Association.
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The Brazilian fleet market, although still under development in many ways, is gradually converging toward the standards of the more mature markets.
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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.
Read More →Emkay's Vehicle Remarketing Department has been re-certified by the International Automotive Remarketers Alliance (IARA) Certified Automotive Remarketer (CAR) program, the fleet management company announced.
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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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