Black Book: Two-Year-Old Models Hold Up
After reviewing depreciation levels for 2005 models, Black Book found that overall these two-year-old vehicles continued to hold their value well, as they have in past years. Ricky Beggs, vice president and managing editor of Black Book reviewed the price history of 75 various models and discovered that 38 percent actually showed an increase in value since Feb. 1. Yet, 29 percent depreciated $300 or less during the period. More specifically, he reported that imports and domestic trucks, as well as vans and SUVs, displayed the most strength, with 59 percent–or 24 of the models–increasing in value. This is despite rising gas prices, so it appears high consumer demand for these models remains. Breaking it down even further, Beggs said four micro segments showed improved value, including compact pickups, midsize pickups, full-size pickups and full-size SUVs. While some models increased in value, others depreciated slightly. Beggs says that four micro segments dropped less than $100 in value. These models included sports cars, midsize SUVs and passenger versions of minivans and full-size wagons.