Used Car Prices Decline 1.2 Percent In May
Used Car Prices
The average price of a used vehicle for model years 2009-2013 declined 1.2 percent in May, according to Black Book. Domestic car prices fell 1.4 percent; import cars fell 2 percent; domestic trucks fell 0.8 percent; and domestic trucks fell 0.4 percent. Average pre-recession annual depreciation was continually recorded between 15 percent and 18 percent, and Black Book expects 2015 depreciation near 14.5 percent.