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June Used Vehicle Depreciation More Than Doubles
2014-07-12 19:52:53| AutomotiveDigest.com - Automotive Industry News
According to Black Book data, the average price of a used vehicle for model years 2009-2013 overall saw larger depreciation in June compared with the previous two months, signaling typical summertime patterns. Average segment prices saw -1.0% depreciation in June compared with May levels of -0.4%. The annual depreciation patterns typically see larger value changes in the second half of each year, and weve seen this begin to pick up the pace over the last 45-60 days, said Ricky Beggs, Editorial Director at Black Book. We will keep a watchful eye on how gas prices and the new model year impact this pace of depreciation as we head through the summer months. READ MORE to learn which segments changed. The Article June Used Vehicle Depreciation More Than Doubles appeared first on Automotive Digest.
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Category:Automotive