Over the past four years vehicle depreciation rates have remained below 14% for two- to six-year old vehicles, but that is anticipated to change for 2016. In 2016, depreciation rates are expected to climb to 15%. Further analysis of the market shows how cars, SUVs, and trucks fared in 2015.
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Black Book has entered a collaborative partnership with DRIVIN to deliver real value to their extensive network of over 10,000 active dealerships, according to the firm.
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Though seasonally up from December, wholesale price trends in January were bifurcated, as truck prices showed year-over-year price increases and car and crossover prices fell on a year-over-year basis.
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Some highlights from the 2016 report include NAAA-member auction sales rose an estimated 6.3 percent to 9.3 million units in 2015. Additionally, wholesale vehicle prices were just 1.2-percent short of a 2011 high.
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The full-size pickup segment experienced the least depreciation seen in the segment since September 2015 with 0.02 percent. Additionally, the medium-duty truck market held steady this past month.
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This week, a surprising segment opened 2016 with a price increase. Additionally, truck segments are losing momentum going into the new year,
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Auction Frontier LLC has launched Velocicast, a next-generation simulcast service developed for the wholesale auto auction industry.
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Cars saw their lowest depreciation of the month while trucks saw their lowest depreciation since September.
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While entry-level cars are showing some of the largest declines of the year, possibly related to gasoline prices, diesel prices are not having a similar impact on diesel trucks.
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This past week, full-size, compact, and entry midsize segments all lead with -1.08 percent, -0.98 percent, and -0.81 percent, respectively.
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