GAINESVILLE, Ga. -

After taking an over 2 percent dip in October, Black Book reports that last month’s wholesale values “rebounded” a bit.

Used vehicles from the 2008 through 2012 model years depreciated 1.7 percent in November, according to Black Book data.

Holding the strongest retention levels this past month once again were the truck segments. The compact pickup trucks saw the strongest monthly retention levels falling by only 0.5 percent in November.

Compact pickups finished the month with an average wholesale value of $15,281.

This marks a 7.5-percent year-over-year drop, as used prices were unusually high in 2012. 

Black Book editorial director and senior vice president Ricky Beggs offered more detail: “As gas prices steadily fell during most of November, it seems that this helped the truck segments on the low depreciation level as well as pushed a couple of more fuel efficient segments to the greater depreciation levels.

“All three pickup truck segments came in at -1.0 percent or less, while the entry-level cars and the entry midsize cars were well over normal depreciation levels at -3.7 percent and -2.5 percent, respectively, in November,” he continued.

For the car segments, the best-performing player was the premium sporty car segment for the second month in a row.

In November, this segment saw a price drop of 1.2 percent.

Premium sporty cars ended the month with an average wholesale value of $47,218, a 13.5-percent decline from same period of 2012 ($54,614).

As for the largest declines, the entry-level cars led the pack — perhaps a result of lower gas rates pushing prices down for fuel efficient segments.

The entry-level cars saw a decline of 3.7 percent in November.

The average wholesale price for this segment finished at $7,631, a 16.6-percent softening from same time year ago ($9,145).

 

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