Ricky Beggs wants to know: Are lower gasoline prices causing smaller used cars to see a big price drop?
During the summer and into the early fall, Ricky Beggs, Editorial Director at Black Book, was noticing that the typical gas-price-to-small-car used vehicle value ratio was off kilter. Now its looking to fall in line with more typical remarketing patterns.
Black Book just reported that Entry-Level Cars have depreciated -16.6% over the past year, and Entry Mid-Size Cars have dropped -16.9% during that same time. These have been the largest change levels of all car and truck segments.
As for gas prices over the past year, theyve dropped from a high of $3.78 on February 25 to a current level of about $3.29.
There are some big questions to be answered..... Read all about it
The Article Black Book Carefully Watching Gasoline-to-Small-Used-Car Price Ratio appeared first on Automotive Digest.