Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Pace of Car Price Declines Picking Up, Black Book Says

September 27, 2012

Black Book reported that resale value declines in the car segment have become increasingly large since April, though the truck segment, on the other hand, has seen price drops slow (video below).

In September, used-car prices dropped –2.0% compared to April, when prices fell -0.2%. Truck price declines have eased from –1.8% in July to –1.1% in September, though.

The following table shows the monthly price changes between used cars and trucks since April:

MonthCars Price % ChangeTrucks Price % Change
September-2.00%-1.10%
August-1.70%-1.50%
July-1.50%-1.80%
June-1.10%-1.70%
May-0.80%-0.60%

Black Book's Senior Analyst Ricky Beggs also reported that the different categories in the truck segment have been fairly stable during this past week, with mid-size pickups, full-size pickups and compact crossovers all showing price increases.

"Our outlook for the next couple of weeks is an active market with a similar number of changes compared to this past week," said Ricky Beggs, senior analyst at Black Book. "The trending should again see larger declines with the more luxury-oriented models. We are also watching the late-model vehicles as the lack of interest in wholesale for these could represent some relatively large negative pricing adjustments."

Earlier this year, Black Book detailed the segments that have seen the largest drops.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Owned by the Taylor family of St. Louis, Enterprise Fleet Management supplies most makes and models of cars, light- and medium-duty trucks, and service vehicles across North America.

Read more

Up Next

More From The World's Largest Fleet Publisher