GAINESVILLE, Ga.-Recent used car depreciation levels indicate that full-size SUV values are holding. According to Black Book, full-size SUVs enjoyed a -0.7% rate of depreciation. The average monthly vehicle depreciation in used vehicles is projected at -1.2%.
The full-size crossover segment showed the biggest disappointment in terms of depreciation levels, currently at -4.1% since the start of January.
"Lower-than-expected gas prices as the first quarter rolled out most likely played a role in the falling depreciation for full-size crossovers compared with large SUVs," said Managing Editor Ricky Beggs. "In this situation more buyers will look for the larger room and needs, such as third row and space, as well as more towing power."
The entry mid-size cars had a three-month increase of 0.4%.
