Used Vehicle Depreciation Accelerates in May

Photo of 2015 Ram ProMaster courtesy of FCA.
Photo of 2015 Ram ProMaster courtesy of FCA.

Used vehicle prices experienced a reversal in May, falling 1.2% from the previous month, according to Black Book.

Overall car values dropped by 1.8%, while truck values decreased by 0.9% during May, according to the firm. Vehicles from 2011 to 2015 model years fell 17.5% over the same time last year.

“With spring now in our rearview mirror, it is expected we’ll begin to see depreciation pick up, particularly for car segments,” said Anil Goyal, senior vice president of automotive valuation and Analytics. “That being said, it was interesting to see some car segments remain at the higher end of the retention spectrum for strength in values during May, and we’ll also be keeping an eye out for truck segments that see higher depreciation throughout the summer.”

Nearly all of the 22 vehicle segments that Black Book tracks depreciated in April. The only segments to see their values slightly go up compared to the month before were premium sporty cars and full-size pickups.

Full-size pickups were the month’s strongest performers, with values increasing by 0.2%. Vehicles in this segment finished May with an average price of $22,260, according to Black Book. Small pickups, on the other hand, saw values fall by 0.5%, with the average price of a vehicle in this segment amounting to $18,811.

Full-size vans depreciated 1.4% to $17,173, while compact vans declined 1.1% to $9,770 compared to the previous month. Compact crossovers / SUVs depreciated 1.6% to $12,370.

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

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Who Controls Your Vehicles’ Data?

In the name of security, an automaker’s alliance is advocating denial of third-party access to the OBD-II port. Is this going too far?

Job Finder: Access Top Talent. Fill Key Positions.

>