The vehicle depreciation rate will reach 17.8% in 2017 on 17 million new-vehicle sales, slightly higher than the 17.3% mark recorded in 2016, according to latest forecast from Black Book and Fitch Ratings. Prior to the Great recession, annual depreciation trended between 16% and 18%.
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The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.
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Luxury vehicles continued to struggle last week, as the segment realized some of the highest depreciation rates among all segments, according to Black Book’s Feb. 13 Market Insights report.
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While the truck segment had its best week — in terms of vehicle depreciation — last week, luxury cars saw values tumble, according to Black Book’s Jan. 31 Market Insights Report.
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J.D. Power has released a benchmarking product that was designed as an informational resource for vehicle manufacturers, captive finance companies and lenders that it's calling J.D. Power Residual Values.
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Pricing for car and truck segments weakened heading into the fourth quarter, which is typical this time of year. Crossovers and SUVs led the way with the highest value decline last week — the full-size crossover/SUV segment fell 1.12%.
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Car and truck segment values fell last week by 0.57% and 0.36% respectively in what were significant drops from the prior week, Black Book has announced.
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Whether a seasonal trend or a sign of things to come, Black Book recorded the largest year-to-date weekly decline in car values last week. Trucks also recorded a sizable drop in values.
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The National Association of Motor Auctions (NAMA), a U.K.-based auction industry trade body, said that fleets could benefit in both conversions and values through the de-fleet process by providing the extra vehicle information that helps dealers comply with tighter consumer protection regulation.
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Consumer Reports ranks three Toyota models in its list of best used vehicles. The publication ranked vehicles based on road test performance, reliability, safety credentials, and price range.
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