Used-Vehicle Supply Falls, Prices Up
Cox shows September activity rebalanced the market.
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Cox shows September activity rebalanced the market.
Over the last four weeks, depreciation rates for both cars and trucks have begun to show some consistency, according to Black Book, with truck depreciation picking up from the spring season.
Used-car prices rose 0.8 percent, which is well below the 3 percent increase observed during the same period in 2011 and 2012.
In a reversal, compact and mid-size car prices are depreciating more than light trucks during the recent spike in gas prices.
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