Used Car Market Sees Turbulence In January

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: (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

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.