Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Black Book: New Model-Year Releases Influencing Value of Older Models

October 11, 2007

During the past three months, the launch of 2008 model-year vehicles has pushed downward the resale values of two- and three-year-old passenger car and light trucks, according to vehicle appraisal guide Black Book.

From July 1 to Sept. 30, resale values fell by more than $300 for about 70 percent of these models, compared to just over 20 percent in the three-month period ending Aug 1, officials pointed out.

At the same time, Black Book reported that during the past three months, the level of depreciation has increased in relation to year-over-year figures. Domestic cars have declined 2 percent, while import cars dropped 3.9 percent. Domestic trucks decreased 4.6 percent, and import trucks dropped off 5.1 percent, the company said.

Year-over-year changes are less dramatic than the most recent quarter's performance would suggest, Black Book officials noted, due to the strength of the first six months of 2007. For the year, domestic cars fell 12 percent and import cars dropped 11.1 percent, they added. Import trucks decreased 12 percent, while domestic trucks led the market in retention, falling only 8.6 percent.

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

SAE International is a global association of more than 128,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries.

Read more

Up Next

More From The World's Largest Fleet Publisher