Depreciation can account for a large portion of a vehicle’s lifecycle costs. While there is no escaping from the fact that vehicles are depreciating assets, there are ways to control and minimize the depreciation costs you incur.
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Weekly depreciation reached the lowest point seen all year this past week as smaller, lower-priced, vehicles continue to keep wholesale values strong.
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Vehicle depreciation rates were at the lowest levels seen all year last week, as the effects of the spring market demand begin to kick in, according to Black Book’s Feb. 26 Market Insights report.
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Vehicles led by compact vans are continuing to hold their values well through the midway point in February, thanks in part to tax season demand, according to Black Book’s weekly Market Insights report.
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Compact cars values remained flat last week in average wholesale value, representing the best week for the segment this year, according to Black Book’s Feb. 12 Market Insights report.
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Contrary to expectations, Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January, registering 113.1.
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As the tax season begins to roll in, stronger sales at auction resulted in some of the lowest depreciation for cars seen this year, according to Black Book’s Feb. 5 Market Insights Report.
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After a few weeks of rising depreciation, truck and car depreciation appear to be stabilize, according to Black Book’s Jan. 29 Market Insights report.
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Overall, average wholesale car segment values declined 0.76% last week, compared to 0.63% the week before. Overall, truck segment values declined 0.48%, compared to 0.39% the week before.
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Wholesale vehicles averaged a 12-month depreciation of 13.2% in 2017, compared to a 12-month depreciation of 17.3% in 2016, according to Black Book.
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