The average residual value of a three-year-old vehicle — the most commonly remarketed fleet vehicle — will fall 8% by 2019 as a result of an increase in the supply of used vehicles, according to a Black Book forecast.
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Last year the depreciation rate on used vehicles reached 12.1 percent, which was lower than the initial forecast. For 2015, depreciation levels are expected to hit 14.5 percent, according to a new report from Black Book and Fitch Ratings.
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While this year’s Conference of Automotive Remarketing (CAR) will be celebrating its 20th anniversary, it will also be looking ahead at this year’s residual values.
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A crop of 2015 model-year mid-size sedans that offer greater fuel efficiency and more safety features than ever before are expected to return less residual value to buyers in part due to higher supply volumes, according to a Black Book forecast.
Read More →Wheels will be presenting its next webcast – titled “Long-Term Remarketing Outlook” – on Tuesday, July 22 at 1:00 p.m. CDT.
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