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Depreciation Rates Improve Featured

The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance was similar to the depreciation rates seen in the past three years in the month of July: 1.4 percent in 2015, 2.1 percent in 2014 and 1.3 percent in 2013. Cars overall bounced back from June ending the month depreciating 1.9 percent. Trucks as a whole finished at 1.2 percent depreciation for July. All vehicles are averaging a 12-month depreciation change of 15.4 percent, same as last month, and at the lower end of the range seen prior to the recession.
Read 7259 times Last modified on Monday, 15 August 2016 13:58
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