Remarketing

Used Vans, Cars Bolster March Depreciation

April 07, 2017

Photo of 2014 Chevrolet Express courtesy of GM.
Photo of 2014 Chevrolet Express courtesy of GM.

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

Passenger cars depreciated 0.3%, while trucks fell 0.8% in value. All vehicles are depreciating at 17.9% over the past year. Black Book looked at wholesale data from the 2011 to 2015 model years.

Of the four highest-performing categories, compact vans preformed the best, increasing 2.1% in value to $9,813. Vehicles in this segment include the Chevrolet City Express, Ford Transit Connect, Mercedes-Benz Metris, Nissan NV and the Ram C/V. Compact vans have depreciated 20.9% from its year-ago price of $12,413.

Full-size pickups increased 0.1% in value to $26,593 and have depreciated 8.7% over the past year. Compact cars increased 0.2% to $13,537.

Prestige luxury cars showed the highest depreciation among segments, dropping 3.7% to $35,939 during the month. Vehicles in this segment include the Audi A8, Porsche Panamera, Jaguar XJ, Lexus LS 460, Mercedes-Benz S-Class and the BMW 7-Series. Vehicles in this category have fallen an average of 26.7% since last year's value of $49,000.

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