Used Trucks Prices Falling

Trucks are great vehicles for many reasons. Although gas efficiency is not optimal, trucks are very versatile for a number of reasons that allow you to do more than you would be able to with a regular car. With more room in the bed and a higher frame, you can carry all kinds of cargo and go on roads where cars cannot. Now there is another economic incentive to purchasing a truck as used truck prices are falling. 

The average price of a used vehicle for model years 2010-14 declined 2.8 percent during November, according to Black Book data. 

Cars declined 3.1 percent while trucks declined 2.6 percent during the month. Average pre-recession annual depreciation was continually recorded between 15 percent and 18 percent, and Black Book expects 2015 depreciation near 13 percent.

For the second straight month, cargo mini vans led all vehicle segments with the highest depreciation of the month at 5.6 percent in November. Vehicles in this segment finished November with an average segment price of $7,662, a 20.6 percent drop from a year ago.

Midsize pickup trucks led all segments with the lowest depreciation in November at 1.1 percent. Vehicles in this segment finished November with an average segment price of $17,792, a 7.3 percent change from a year ago ($19,184)

Read more at: http://bit.ly/1ly88Hk

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