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Used-Vehicle Depreciation Rate Doubles in June

July 09, 2014

Photo of 2013 Chevrolet Malibu courtesy of GM.
Photo of 2013 Chevrolet Malibu courtesy of GM.

Used vehicles sold at auction depreciated 1 percent in June compared with a 0.4 percent rate in May, which is typical for summer months, according to Black Book.

Mid-size pickups led all vehicle segments with a monthly retention rate of 1.1 percent. Cargo minivans recorded the second-best month with a 0.5 percent retention rate. Full-size pickups also gained ground at 0.1 percent.

The 21 other vehicle categories tracked by Black Book fell in value led by entry mid-size cars at 2.7 percent, compact cars at 2.5 percent, and full-size cars at 2.4 percent. Examples of entry mid-size cars include the Ford Fusion, Chevrolet Malibu, Toyota Prius, and Buick Regal.

Entry level cars sold for the lowest average value at $8,547, while premium sporty cars sold for the highest average value at $49,136. The report analyzed sales of used vehicles from model years from 2009 to 2013.

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