Luxury vehicle segments have on average faced the biggest depreciation heading into fall over the last 10 years, according to an analysis of Black Book data.
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Sub-compact cars faced the heaviest depreciation between the months of May and August, declining 7.4%. This was followed by compact vans, and Luxury Cars, which depreciated by 6.6% and 6.1%, respectively.
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Used vehicles from the 2011 to 2015 model years depreciated 1.5% in July, a slight improvement over June's 1.7% depreciation rate, reports Black Book.
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Car segments showed some of the heaviest depreciation of the year entering August with an overall depreciation of 0.62% last week, while values of compact van and sub-compact SUVs of the truck segment declined the most by 1.36% and 1.12% respectively.
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Car segments depreciated at nearly double the percentage of trucks this past week, with overall car values decreasing 0.47% during the week of July 25. This is similar to the average depreciation rate of 0.46% of the previous four weeks.
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This week’s Black Book Market Insights report shows that car and truck segments depreciated at nearly the same percentage this past week.
Read More →Black Book announced it has forged another distribution agreement with a marketing agency. This time, the vehicle valuation firm has teamed with Outkazt Media, which will leverage Black Book’s Bullseye Prospecting solution in dealer marketing campaigns.
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This week’s Black Book Market Insights report showed depreciation across the board for all car and truck segments, with particular emphasis on trucks and small crossover segments.
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The average price of a used vehicle for model years 2011-2015 depreciated 1.7% in June, following light depreciation in May. These vehicles fell 15.4% in value from year-ago-levels, according to Black Book.
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This week’s Black Book Market Insights report shows how smaller and mid-size car segments are continuing to lead with some of the largest depreciation rates seen in a while. Sub-compacts in particular have demonstrated significant depreciation over the last four weeks at -2.87%.
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