Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.
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Most plug-in electric vehicles will depreciate more dramatically over five years than their conventional gasoline counterparts, according to a new report from Kelley Blue Book via USA Today.
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The used-vehicle market has always been driven by supply and demand. In the 2013 calendar-year, vehicle supply in the wholesale market continued to be tight relative to demand, helping bolster resale values.
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Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Black Book recently released a new analysis of vehicle depreciation rates, noting that April generally is the end of the spring buying season for used cars and that this was the case last month.
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Overall used values were very strong in retention for the first half of 2012. Fleet remarketing teams continued to bring in better-than-predicted returns as they remarket out-of-service vehicles.
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The fleet industry is keen on the idea of employee sales, but, surprisingly, there are fleets that don’t pursue this alternative to wholesale, minimizing depreciation and maximizing resale dollars.
Read More →Fleets can achieve higher resale values by following some basic principles. Fleet remarketing experts share their expertise.
Read More →Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.
Read More →Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.
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