IRVINE, Calif. — Appreciation for off rental-fleet vehicles is at its highest point this year, according to Kelley Blue Book’s Blue Book Market Report for December 2011.

The Kia Rio, Chevrolet Aveo and Chrysler PT Cruiser all increased more than 10 percent in value since January, while vehicles not typically found in rental fleet, including the Honda Civic and Toyota Corolla, are flat on a year-to-date basis, which KBB attributed to the fact that the two models have maintained relatively high values throughout the year. 

"When the market heated up, dealers were looking for budget vehicles that met consumer financial and fuel-efficiency needs and these rental-fleet vehicles offered an incredible value when the market prices were high," said Alec Gutierrez, manager of vehicle valuation for KBB. "Overall, dealers can expect to save more than $2,000 when purchasing a three-year-old highly fleeted compact, while savings on a fleet-heavy crossover will only yield a modest $500."

With the unemployment rate at 8.6 percent and many homeowners still upside down on their mortgage, many families will likely consider a vehicle that was a prior rental, according to KBB.com. Dealers are encouraged to consider bidding when a low mileage rental unit becomes available at auction.

For more information, visit www.kbb.com. 

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