Industry News: Used Car Prices Expected To Fall In 2015

[William Maley]

If you are considering buying a used car this year, then we have some good news for you. A new vehicle depreciation report from used car value service, Black Book and Fitch Ratings Inc., says that 2015 will see used car values depreciate 14.5 percent. This is an increase from 2014's deprecation rate of 12.1 percent.

So why the increase in depreciation? It comes down to two key factors; an increased supply in used cars and a larger volume of off-lease vehicles.

“2014 depreciation was defined by pockets of volatility due to seasonality, harsh weather patterns and falling fuel prices impacting smaller cars and trucks of all sizes. Looking ahead, lower consumer demand and CAFÉ-driven model competition will place higher depreciation pressure on smaller car segments particularly, but trucks should have stable retention in 2015 due to balanced production levels and strong housing and service economies,” said Anil Goyal, Vice President of Analytics and Strategic Partnerships for Black Book.

Source: Auto Guide, Kicking Tires

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[Drew Dowdell]

I hope prices of used avalanches and suburbans falls. 

[David]

Love to hear a larger off lease returns are coming. Means some nice fully loaded low mile used options.

[Cory Wolfe]

I can only hope my Avalon stops it's sinking depreciation. I swear, every time I think I'm close to finally having it paid down below its value, it's dropped another couple grand. Toyota dependability? Proven. Toyota value retention? Pfft. It's really bites me in the ass when I realize how at the time I bought the Avalon, it was worth more than my Legacy (all things considered equal) and now it's worth much less. It's still held onto a fair amount of value for its age, but that just hurts.

[daves87rs]

Might not be a bad thing....

 

Betting mine are worth less now.....

[dariel2323]

Good news for buyers and bad for sellers, because there are people who buy a new car a true price without much use, then this person should sell it cheap. Good information colleague, thanks for sharing and good luck for buyers and sellers.