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Used Car Depreciation Shows Segment Unsteady in January

2014-02-09 23:39:18| AutomotiveDigest.com - Automotive Industry News

According to Black Book data, used vehicles model years 2008-2012 overall depreciated -1.9% in January, slightly weaker retention compared to the -1.4% rate in December. January saw a few key trends that illustrated some turbulence in the used-car market, as truck segments had a bumpy month and domestic vehicles also saw large monthly declines, said Ricky Beggs, Editorial Director of Black Book. This downward pricing pressure should ease in the near-term as buyers elevate their activity for the Spring tax-buying season. READ MOREThe Article Used Car Depreciation Shows Segment Unsteady in January appeared first on Automotive Digest.

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