Remarketing

Used-Vehicle Depreciation Peaks in September

October 08, 2014

Photo of 2013 Chevrolet Traverse courtesy of GM.
Photo of 2013 Chevrolet Traverse courtesy of GM.

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, according to Black Book.

Entry mid-size cars recorded the highest depreciation for the month by falling 3.2 percent to an average of $11,601 per sale. The category that includes the Chrysler 200, Ford Fusion, Chevrolet Malibu, Volkswagen Jetta, Toyota Prius, and Chevrolet Volt has fallen 13.7 percent year-over-year.

Among the truck categories, full-size CUVs and cargo minivans showed the highest depreciation for the month with 2.4 percent (to $23,501) and 2.2 percent (to $10,946) respectively. Full-size CUVs would include the Chevrolet Traverse, Buick Enclave, Dodge Durango, and Dodge Grand Caravan.

For the third straight month, full-size passenger vans held the strongest retention and recorded the only price increase among vehicle categories. These vans, including the Dodge Sprinter, Ford E-Series, and Chevrolet G-Series, increased 0.6 percent in value to $19,143. Full-size cargo vans depreciated 0.7 percent to $20,141 for the second-best average sale price.

Other strong categories included compact pickups, which fell 0.9 percent in value to $15,692; premium sporty cars, which fell 1.4 percent to $48,830; and full-size pickups, which fell 1 percent to $26,701.

Comments

  1. 1. TM [ October 08, 2014 @ 05:39PM ]

    Testtttt

 

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

How many of you use bench marking in regards to Fleet stats? am interested learning and participating with bench marking and how it...

View Topic

Good afternoon all. We have been looking at trying a fuel additive developed by a company called DPF Remedy. The benefits are supposed...

View Topic

Fleet Documents

1018 Fleet Documents (and counting) to Download!

Sponsored by

The name given to closed end leases in some countries in Europe and Latin America.

Read more