Used But Not Used Up: March auto prices sink less rapidly in pre-owned market ... - Charleston Post Courier
The used car findings rely on information from Georgia-based Black Book, which provides up-to-date pricing information on the auto industry. The venture found the average price of a used car or truck for model years 2009-13 depreciated — or lost value over time — by an average of 0. 7 percent during March. According to Black Book, domestic cars surged by 0. 9 percent in March from the previous month, import cars dropped 0. 9 percent, domestic trucks fell by 0. 3 percent and import trucks lost 0. 9 percent in price from February. Full-size passenger vans showed the strongest value “retention” in March, up 1. 5 percent, the vehicle-data company noted. Vans in the sector include the Dodge Sprinter, Freightliner Sprinter, Ford E-Series and Chevrolet G-Series, according to Black Book. Black Book says that vehicles in the full-size passenger van category ended March with an average price of $19,468, a 3. 3 percent increase from $18,848 a year earlier. Vehicles included the 2009-13 Cadillac Escalade, Lincoln Navigator, Infiniti QX56, Mercedes-Benz G Class and Lexus LX. They finished the month with an average $34,597 price, off 13 percent from year-ago levels of. Source: www.postandcourier.com
