Alec Gutierrez
Senior Market Analyst, Automotive Insights
Kelley Blue Book
This year started strong, but with no strong appreciation in Q1, auction values began an early decline in April and since have declined below levels seen in 2012 and 2011. Kelley Blue Book expects depreciation to continue through the remainder of the year, with year-end values no more than 3% to 5% percent below 2012.
Click here to read the latest Blue Book Used-Car Market Report
Only a Few Segments Are Maintaining a Positive Value for the Year:
Mid-size pickup trucks are doing well from housing starts and construction business coming back.
Hybrids Have Taken Biggest Fall – Nearly 9% from January:
Drop can be attributed to the fairly stable fuel prices seen in first quarter.
Auction Values of 1-to 3-Year-Old Luxury Vehicles fell Nearly 1% in May:
Segment performing better than overall market average, which fell 1.8%