According to Black Book data, the average price of a used vehicle for model years 2009-2013 overall saw larger depreciation in June compared with the previous two months, signaling typical summertime patterns. Average segment prices saw -1.0% depreciation in June compared with May levels of -0.4%.
The annual depreciation patterns typically see larger value changes in the second half of each year, and weve seen this begin to pick up the pace over the last 45-60 days, said Ricky Beggs, Editorial Director at Black Book. We will keep a watchful eye on how gas prices and the new model year impact this pace of depreciation as we head through the summer months.
READ MORE to learn which segments changed.
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