Managing the Financial Side of Commercial Fleets

Vans Lead March Depreciation in Tax Buying Season

April 07, 2015

Photo of 2013 Freightliner Sprinter via Wikipedia.
Photo of 2013 Freightliner Sprinter via Wikipedia.

Used vehicles in the 2009-2013 model years fell 0.7 percent in value in March in a market bolstered by tax buying season and strong residual values of full-size vans, according to Black Book.

Full-size passenger vans recorded the strongest retention value with a 1.5 percent increase from February and a 3.3 percent increase from a year ago. The average price at auction for vehicles such as the Dodge/Freightliner Sprinter, Ford E-Series and Chevrolet G-Series was $19,468.

Domestic cars showed relative strength in March, increasing 0.9 percent to $11,906, while domestic trucks fell 0.3 percent to $18,542 and import trucks fell 0.9 percent to $21,818.

Three car categories increased in March, including entry-level cars (0.1 percent to $7,699), upper mid-size cars (0.6 percent to $10,976), and full-size cars (0.9 percent to $12,012). Three truck categories also increased, including full-size cargo vans (0.9 percent to $20,315), sub compact CUVs (1.1 percent to $17,900), and full-size passenger vans.

Black Book began tracking sales of used subcompact CUVs, a category that includes the Buick Encore, Chevrolet Trax, Fiat 500X, and Jeep Renegade.

Premium sporty cars recorded the steepest depreciation among car categories in March at 1.2 percent to $46,147. They fell 13.3 percent from a year ago. Vehicles in this segment include the BMW 6-Series, Chevrolet Corvette, Mercedes-Benz SL and Cadillac XLR.

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