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

Here's an EV question or two: How are you paying for the charging station? I have some interested parties in my city, but not an...

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

1025 Fleet Documents (and counting) to Download!

Sponsored by

Sal Giacchi is the director of corporate support services for Loews Corp. in New York, NY.

Read more