Black Book: Resale Value Strong for Passenger Cars

Resale values in the passenger-car category remained strong during the past three months, Black Book recently announced.

According to Black Book, 79 percent of 2005 model-year passenger cars either increased in value or depreciated less than $300 from May 1 to July 31, whereas 32 percent of trucks and SUVs gained in value or declined less than $300 during the same time frame.

During the previous quarter from April 1 to June 30, Black Book data showed that 59 percent of passenger cars either climbed in value or depreciated by less than $300. This compares to 39 percent of trucks and SUVs during the identical period.

Black Book officials say that the pickup truck and compact SUV segments "took the hardest hit" to their values in the past three months, with pickups depreciating by 7 percent and compact SUVs depreciating by 6.1 percent. Meanwhile, luxury and small-car segments depreciated by 2 percent, 1.3 percent and 1.4 percent respectively, Black Book added.

Comment On This Story

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

Why Do We Visit Capitol Hill?

Members of the American Car Rental Association met with U.S. senators, representatives, and their aides last week. Here’s why bringing the message to this forum matters.

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Job Finder: Access Top Talent. Fill Key Positions.