Mid-size SUVs from the 2010 to 2014 model years recorded the highest depreciation in August, slipping 3 percent from July to $18,650, while compact pickups increased in value during the month, according to Black Book.
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The main factor driving depreciation rates will be rising used vehicle supply, varying by vehicle segments.
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Smaller cars have experienced heavier depreciation over the past 12-18 months, but it’s the small mainstream electric vehicles that are experiencing even heavier valuation drops.
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According to recent reports by Black Book, smaller car segments are feeling the heaviest depreciation while pickups, SUVs, and crossovers are at the opposite end of the spectrum.
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Smaller cars showed the highest depreciation levels in June, while SUVs, pickups, and vans showed relative strength in a used-car market that's now tilted toward larger, less fuel efficient vehicles.
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The average price of a used vehicle from the 2009 to 2013 model years fell 1.2 percent in May with several truck and van segments registering positive gains from April, according to Black Book.
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Average wholesale used vehicle prices increased in April in a trend attributed to a significant proportion of sales of higher priced, late-model, off-rental, manufacturer program vehicles that elevated average prices, according to ADESA.
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Compact SUVs held the strongest retention value in April, increasing 2.8 percent in a month that saw overall depreciation largely unchanged from March levels, according to Black Book.
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Used vehicles in the 2009-2013 model years fell 0.7 percent in value in March in a market bolstered by tax buying season and strong residual values of full-size vans, according to Black Book.
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Average used-vehicle prices for model-years 2009-2013 depreciated by an average of -1.2 percent during February, the same level as the previous month, with Compact SUVs leading the month with the strongest retention at +0.9 percent, and the only segment with positive change.
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