Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.
Most Used-Vehicle Segments Decline at Steady Rate
Most used-vehicle segments are showing a steady rate, according to Black Book's most recent market report. Overall car values decreased by 0.53% during the past week. During the previous four weeks, the average depreciation rate was 0.43%.