According to Black Book® data, the average price of a used vehicle for model years 2012-2016 decreased in value -1.3%, slightly more than the -1.2% change in May. Cars overall dropped -1.8% (unchanged from last month), and trucks decreased -0.8% in value during June. All vehicles are averaging a 12-month depreciation of -16.7%.
In June, Small Pickups had the lowest monthly depreciation at -0.1%. Vehicles in the Small Pickup segment include the Toyota Tacoma, Chevrolet Colorado, GMC…Continue
Black Book, a division of Hearst Business Media that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for June, showing the Index, rising modestly to 113.0, up from 112.3 in May. On a twelve-month basis, the index has dropped 4.5% from last June. Click here to obtain a copy of the latest index data.
The Black Book Used Vehicle…Continue