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Trucks Depreciate More Than Cars

Trucks Depreciate More Than Cars Featured

The average price of a used vehicle for model years 2011-15 depreciated by 0.6 percent in March, according to Black Book.

Cars overall saw depreciation of 0.3 percent versus trucks, which saw 0.8 percent depreciation. All vehicles are averaging a 12-month depreciation change of 17.9 percent.

In March compact cars, sporty cars, compact vans and full-size vans increased in value.

Of those vehicles, compact vans performed the best, increasing by 2.1 percent in value. Vehicles in this category finished March with an average segment price of $9,813.

However, compact vans have depreciated 20.9 percent from its year-ago price of $12,413.

Prestige luxury cars had the highest depreciation of all segments, dropping 3.7 percent in March.

 

Last modified on Monday, 10 April 2017 20:34
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