Used vehicles from the 2011 to 2015 model years depreciated 2.3% in September, a slight decrease over August's 2.4% depreciation rate, reports Black Book.
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Cars showed better retention in the last week of September than in the previous four weeks, while trucks depreciated more than they have during that same timeframe.
Read More →The car segment retained its wholesale value well last week, as the wholesale value of 2008-2014 model-year cars decreased by 0.68% last week.
Read More →Black Book released a white paper designed to help remarketers and auto lenders identify when and where used leasing makes sense for a portfolio.
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Sub-compact crossovers depreciated the most between the months of June and September, declining 8.8%, which was a 5% decrease from a May to August analysis based on vehicle classes tracked by Black Book.
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Mid-size car retention rates for model-year vehicles older than two years dropped this year after remaining steady for the previous four years.
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Rising car depreciation put a drag on used vehicle sales, which fell in value significantly more sharply in August compared to July and August from a year ago, according to Black Book.
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The values of sub-compact cars have depreciated an average of 24.2% in a year, which ranked at the top of the vehicle classes tracked by Black Book.
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Sub-compact car retention rates for model-year vehicles older than two years has steadily declined in the month of August in the last five years, with 2014-model year vehicles falling about 30% more than comparable 2010-model year vehicles.
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The current values of two-year old luxury cars are showing retention trends of more than three percentage points lower than prior year's retention for similar vehicles at this point in their life-cycle.
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