Remarketing

Pickups Show Lowest January Depreciation

February 10, 2017

Photo of 2015 Chevrolet Colorado courtesy of GM.
Photo of 2015 Chevrolet Colorado courtesy of GM.

Small and large pickups were among the top performing segments in January with a 1.1% depreciation rate among two- to six-year-old vehicles sold in auction lanes, according to Black Book's monthly report.

Other top segments included full-size SUVs and mid-size cars, which also lost 1.1% of their value during the month. All segments depreciated 1.5% with trucks outpacing passenger cars at 1.4% compared to 1.8%.

Small pickups such as the Chevrolet Colorado, GMC Canyon, Honda Ridgeline, Nissan Frontier, and Toyota Tacoma sold for an average price of $18,734. The category fell 7.9% in value in the past year.

Luxury vehicles continued their weakness and showed the highest depreciation in categories such as prestige luxury cars (down 2.8% to $35,654), premium sporty cars (2.8% to $39,501), near luxury cars (2.4% to $15,821), luxury cars (2.3% to $19,861), compact luxury SUVs (2.2% to $21,367), and mid-size luxury SUVs (2% to $22,768).

"Vehicle retention values remained relatively strong in January heading into the spring selling season," said Anil Goyal, senior vice president of automotive valuation and analytics. "It is interesting that luxury vehicles are showing higher depreciation than mainstream brand vehicles across vehicle segments."

Compact vans were among the highest-depreciating vehicles over the past year, falling 24.4% ($9,803) since Feb. 1, 2016. Other year-over-year high declining categories included prestige luxury cars (25.4%), subcompact cars (23.7% to $6,160), luxury cars (23.3%), near luxury cars (22.6%), subcompact crossovers (20.4% to $10,480), and compact cars (20.1% to $8,006).

Black Book averages the values of vehicles from the 2011 to 2015 model years sold at auctions.

Comment On This Story

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

Article News

Popular Stories

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

Hi everyone! Just wanted to remind you about fleetDOCs, our library of fleet-related documents. Users can upload any relevant fleet...

View Topic

Fleet Documents

1019 Fleet Documents (and counting) to Download!

Sponsored by

Jerome "Jerry" Geckle was a former president of PHH Arval (then Peterson, Howell & Heather, Inc.) and chairman of the board of PHH Corporation from 1980-1989.

Read more