LAWRENCEVILLE, Ga.–The average price of a used vehicle for model years 2009-2013 declined -1.6% in June, compared with -1.2% in May, according to Black Book.
CUToday.info has a fuller report on whether or not there is a bubble in used car values here.
Domestic cars changed -2.8%; import cars changed -2.4%; domestic trucks changed -0.8%; and import trucks changed -1.0%. Average pre-recession annual depreciation was continually recorded between -15% and -18%, and Black Book expects 2015 depreciation near -14.5%.
Entry-level cars felt the strong post-tax season slump, falling -4.7% in value during June. Compact SUVs saw the strongest price retention during June, finishing +0.8% on the month, Black Book reported.
The top three vehicle segments with the largest depreciation during June were on the smaller car spectrum (entry-level cars at -4.7%; compact cars at -3.9%; and entry mid-size cars at -3.5%). Two of these three have also shown the greatest depreciation over the last twelve months (entry-level cars at -21.5%; and entry mid-size cars at -20.2%), Black Book said.
For the second-straight month, premium sporty cars finished with the lowest depreciation among all car segments, dropping just -0.7% in June after being unchanged in May.
“The disparity between car and truck depreciation has definitely shown itself over the last few months, driven largely by the hot demand for trucks throughout 2015,” said Anil Goyal, vice president of automotive valuation and analytics for Black Book. During the past three months, overall car segments have depreciated -4.7% while trucks have remained largely unchanged at just a -0.6% change.