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Black Book

While market watchers agree that Hurricane Harvey's impact stretches beyond Houston-area automotive business, estimates on exactly how many vehicles will need to be replaced vary between half a million and million vehicles, including as many as 18,500 fleet vehicles.

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Vehicle Depreciation Shows Pockets of Strength at Midway Point

The average price of a used vehicle for model years 2012 to 2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May, according to Black Book. The price of cars overall dropped 1.8%, while trucks decreased 0.8% in value in June. All vehicles are averaging a 12-month depreciation of 16.7%.

Black Book's Used Vehicle Valuation Index Falls in May

“It is expected that we will see more declines in the Index in the months ahead as we move deeper into the year, particularly driven by softness among car segments,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics for Black Book.

Trucks Continue to Show Slow Depreciation

This week’s Black Book Market Insights report looks at the truck segments that are picking up less weekly depreciation compared with cars, signaling that summer is fast approaching.

Smaller Cars Bolster April Depreciation

Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.

Small Car Depreciation Improves in April

Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.

Used Vans, Cars Bolster March Depreciation

Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.

Used Vehicles See Lighter Depreciation in February

Two- to six-year old vehicles depreciated 0.8% in February, with trucks and vans showing relative strength, while luxury and sporty cars again fell hardest, especially when compared to year-ago values, according to Black Book.

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