Government Fleet Top News

Used Car Market Sees Turbulence In January

February 11, 2014

Photo of 2010 Ford Ranger pickup via Wikimedia.
Photo of 2010 Ford Ranger pickup via Wikimedia.

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.

The January data brought the used-market to the higher end of pre-recession depreciation that averaged from 1 percent to 2 percent per month.

Compact pickup trucks and prestige luxury cars led all Black Book vehicle categories; each gained 0.7 percent in retention value. Examples of compact pickups include the Nissan Frontier, Mazda Pickup, Ford Ranger, and Toyota Tacoma.

All other vehicle categories fell. The sharpest declines came among cargo minivans, full-size SUVs and passenger cars. Cargo minivans fell 4 percent, while the full-size SUV category fell 3.4 percent from December. The entry mid-size and upper mid-size car categories each fell 2.6 percent.

For more information, visit the Black Book website.

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

Hello All, We are developing a formal training program for light and heavy equipment technicians. Our goal is to recruit and train...

View Topic

We are planning on installing CO sensors in our FORD SUV Interceptor. Looking for choices as to what seem to work best.

View Topic

Fleet Documents

974 Fleet Documents (and counting) to Download!

Sponsored by

An abbreviation for Request for Proposal.

Read more