MENU
SEARCHOver the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.
According to Black Book data, the average price of a used-vehicle for model-years 2012-2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May. Trucks overall decreased 0.8% in value during June.
Photo: Bobit
Over the past three months, two vehicle segments have shown unchanged value or an increase in overall value. Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.
According to Black Book data, the average price of a used-vehicle for model-years 2012-2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May. Trucks overall decreased 0.8% in value during June.
In June, Small Pickups had the lowest monthly depreciation at 0.1%. Vehicles in the Small Pickup segment include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Vehicles in this segment finished June with an average price of $21,328, a 7.3% decline from a year ago.
“Falling gas prices in the month of June resulted in pockets of strength in used vehicle valuations,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Pickup trucks and large utilities have been strong so far this year while small cars have continued to drop, but the remainder of 2017 is expected to show differing trends in terms of vehicle retention strength.”
7/1/2016 | 6/1/2017 | 1-Month Change | 7/1/2017 | 3-Month Change | 12-Month Change | |
|---|---|---|---|---|---|---|
Category | $ | $ | % | $ | % | % |
All Vehicles | 18,357 | 15,483 | -1.30% | 15,288 | -2.30% | -16.70% |
Truck | 22,444 | 19,352 | -0.80% | 19202 | -1.70% | -14.40% |
Domestic Truck | 22,018 | 19,200 | -0.70% | 19071 | -1.00% | -13.40% |
Import Truck | 23,245 | 19,639 | -1.00% | 19448 | -3.00% | -16.30% |
Compact Van | 13,233 | 10,742 | -1.30% | 10601 | -2.50% | -19.90% |
Full-Size Van | 20,680 | 17,596 | -0.90% | 17428 | -3.40% | -15.70% |
Mid-Size Crossover/SUV | 20,976 | 17,756 | -0.90% | 17600 | -2.30% | -16.10% |
Compact Luxury CUV/SUV | 26,887 | 22,599 | -0.80% | 22414 | -3.40% | -16.60% |
Mid-Size Luxury CUV/SUV | 30,762 | 25,219 | -0.70% | 25034 | -3.00% | -18.60% |
Full-Size Pickup | 26,405 | 24,488 | -0.60% | 24349 | 0.00% | -7.80% |
Full-Size Luxury CUV/SUV | 46,318 | 38,401 | -0.60% | 38187 | -2.90% | -17.60% |
Full-Size Crossover/SUV | 33,966 | 29,963 | -0.10% | 29932 | -0.30% | -11.90% |
Small Pickup | 23,019 | 21,347 | -0.10% | 21328 | 0.20% | -7.30% |
Source: Black Book
Originally posted on Work Truck Online
When it's time to dispose of retired units, which vehicle prep strategies can improve resale value? Following industry basics can have a significant impact on resale prices.
Read More →
Chip Cooper of Cooper Motors shares his take on where vehicle supply and availability are headed this year and offers a creative way to spec to get the job done.
Read More →
The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
Read More →
Fleet experts shared their insights on remarketing upfits and equipment in the work truck industry.
Read More →
What is the top maintenance-related factor to worry about when resale is on your mind? What should you avoid spending money on? What matters the most?
Read More →
IARA 20th Anniversary Issue: Industry observer, media figure, and conference host Charlie Vogelheim has circulated throughout the automotive world, qualifying him to sum up the legacy of the IARA.
Read More →
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
Read More →
The Conference of Automotive Remarketing will be among the first wave of in-person events since the start of the pandemic.
Read More →
We’d like to introduce you to some of the most influential women in the fleet industry. These women are trailblazers in an industry that is often thought of as being male dominated. Here we break those stereotypes down.
Read More →
