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Value of Large Used Vehicles Tumbles

May 28, 2008

Westlake Village, Calif. The value of large used-vehicles continued a year-over-year decline in the face of rising fuel prices, reported J.D. Power and Associates.

The five used-vehicle segments with the largest year-over-year price decline include three large vehicle segments and four pickup or utility categories.

Prices of used large pickups, one of the biggest categories in the used- and new-vehicle markets, have eased by more than 5 percent from a year ago, and prices for used large utilities are down by almost as much.

For example, the Cadillac Escalade EXT dropped year-over-year from $35,800 to $30,612.

At the opposite end of the spectrum, prices of used subcompacts and compacts have risen 7 percent and almost 2 percent, respectively.

Three of the five segments with the largest year-over-year price gains are compact vehicle categories, such as the Toyota Yaris which jumped from $9,355 to $10,039.

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