Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

The index reached a value of 113.1 for April, which was a slight increase from March's value of 113.1. The index is calculated as a percentage of the original typically equipped retail price of a vehicle.

The month of April saw stronger-than-average vehicle value retention among car segments compared to the last few years. Traditionally strong spring season segments such as compact cars and subcompact cars have seen their overall retention strength rise during the last several weeks, according to Black Book.

The relative strength is notable because small car segments have shown significantly high depreciation for 2- to 6-year-old vehicles in the previous 12 to 24 months.

Among truck categories, compact crossovers are beginning to see accelerated depreciation over the last several weeks due to more competition within segments as well as rising supply, which has led to lower prices at auction.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>