Auto Rental News
MenuMENU
SearchSEARCH

Hurricane Replacement Still Boosting Used Vehicle Prices

The average price of used vehicles model years 2012-2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

by Staff
October 12, 2017
Hurricane Replacement Still Boosting Used Vehicle Prices

 

2 min to read


The average price of a used vehicle for model years 2012 to 2016 fell 0.7% in September, with the lion’s share of that depreciation coming from the car segment, according to Black Book. As of September, all vehicles are averaging a 12-month depreciation of 14.5%.

Breaking it down to a segment level, the car segment saw its overall value fall by 1.1% on a month-over-month basis while the truck segment saw its overall value fall by 0.3%.

Ad Loading...

“Although consumer confidence fell slightly in September, vehicle values held very strong because of all the vehicle replacement activity caused by the hurricanes,” said Anil Goyal, senior vice president of automotive valuation and analytics. “In addition to utilities, smaller vehicles are showing better retention values as we head into the holiday season based largely on the great value they currently present to shoppers.”

Four truck segments performed better than the truck segment as a whole.

Compact crossovers/SUVS saw a 1.1% month-to-month rise in value in September, the highest of all vehicle segments. On a year-over-year basis, the segment saw its value fall 13.8%, resulting in an average price of $12,605 during September.

Full-size vans such as the Ford T150, Ram 1500, and Chevrolet G1500 saw monthly depreciation remain flat. The average price of a MY 2012-2016 full-size van in September was $17,532.

Mid-size crossovers and full-size pickups saw the lowest monthly depreciation during September, as both segments’ average value fell by 0.02%. The average price of a MY 2012-2016 mid-size crossover during the month was $17,447, and $24,125 for a full-size pickup.

Ad Loading...

The biggest monthly change came from prestige luxury cars such as the BMW 7-Series, Lexus LS 460, Mercedes Benz S-Class, and the Jaguar XJ. These vehicles saw values fall 3.2% during the month and on a year-over-year basis, the prestige luxury car segment has experienced a 25.2% fall in value. The average price for a prestige luxury vehicle in September was $32,949.  

Originally posted on Automotive Fleet

More Remarketing

A temple scene from Okinawa, Japan.

Surprice Opens Two Rental Branches In Japan

The launch highlights the global car rental operation’s growing presence in Asia.

Read More →
Blue bar graphs showing a rise in used vehicle categories across the board.
Remarketingby News/Media ReleaseMarch 6, 2026

Wholesale Used Vehicle Prices Up In February

Solid demand at Manheim auctions with higher sales conversion rates indicate an appetite from dealers to buy.

Read More →
Green and black bar graphs showing YOY shifts in February fleet sales.
Fleet Acquisitionby Martin RomjueMarch 5, 2026

Rental Fleet Sales Slow In February Ending A Strong Streak

Commercial fleets posted the most gains, sustaining increases in monthly and year-to-date fleet sales

Read More →
Ad Loading...
Rental cars lined up in front of an Avis-Budget storefront outlet.
Rental Operationsby News/Media ReleaseFebruary 20, 2026

Avis Budget Group Reports Near $1 Billion Loss Tied To 2025 EV Fleet Write-Down

Following Hertz, the company is the second global car rental conglomerate to sustain sizable losses due to lower customer demand and usage of electric rental cars.

Read More →
An orange and purple bar graph shows average rental car prices and mileage levels from October 2024 to October 2025.
RemarketingJanuary 16, 2026

2025 Rental Vehicle Remarketing Summary And Outlook

The year brought modest and flatter results across wholesale values, total off-rental supply, and rental risk units.

Read More →
AuctionNet summary table of Dec. 25 auction vehicle sales with three columns.
Fleet Acquisitionby News/Media ReleaseJanuary 13, 2026

Auctions Record Highest Vehicle Sales Since 2019

2025 figures show a steady recovery in wholesale vehicle activity this decade.

Read More →
Ad Loading...
A black CUV tilted downward on stacks of descending gold coins.
Rental Operationsby News/Media ReleaseDecember 29, 2025

DriveItAway Holdings, Free2move Launch Operations In Nine Cities

The co-branded program with Stellantis’ mobility division scales up leasing and financing options nationwide with more cities to come online in 2026.

Read More →
An import duties stamp and stamper superimposed on a flat American flag.
Remarketingby Martin RomjueDecember 26, 2025

Tariffs, Digital Tech, Industry Stats Among Top 10 Remarketing Topics for 2025

The annual look at most-consumed vehicle remarketing content shows what audiences think mattered the most in the mid-decade year.

Read More →
A multicolored row of vertical bar graphs showing the U.S. car rental industry's total revenue, fleet vehicle purchases, and rental cars in service 2015-2025.
Rental Operationsby Martin RomjueDecember 22, 2025

U.S. Car Rental Revenue Crosses $40 Billion

A modest rise in rental car usage and an increase in fleet purchases kept the industry on a steady upward path at mid-decade.

Read More →
Ad Loading...
Summary list of U.S. wholesale vehicle auction activity for November 2025.
Remarketingby News/Media ReleaseDecember 10, 2025

Commercial Vehicles Drive November Wholesale Auction Sales

Much of the increase came from rental fleets remarketing large amounts of 2-year-old cars.

Read More →
Ad Loading...