Crossovers Do Very Well for their Utility and Fuel Efficiency

Sean Foy­il
Senior Ana­lyst, Vehi­cle Val­u­a­tion
Kel­ley Blue Book

Aver­age auc­tion val­ues were up by a total of $235 in the first two months of this year com­pared to a gain of $72 in Jan­u­ary and Feb­ru­ary 2014. The year start­ed 2.3% high­er than the pre­vi­ous year and con­tin­ued up to 3.2% high­er than one year ear­li­er. The used vehi­cle seg­ments that have been per­form­ing well this year have been the sports car seg­ment (up 3.7%), com­pact (up 2.1 %), mid-size (up 2.8%) and full-size (up 2.6%) crossover seg­ments; and the full-size car seg­ment (up 2.3%).

Blue Book Mar­ket Report on Auc­tion Val­ues and Fuel Prices

Aver­age Price of Gaso­line Rose 22 Cents per Gal­lon to $2.21 Nation­al­ly:
Crossovers did well as con­sumers want small­er, more fuel-effi­cient util­i­ty vehi­cles.

Aver­age Price of Gaso­line Still Down $1.12 or 34% from Year Ago:
Dri­ving demand away from elec­tric and hybrid seg­ments, and truck and crossover seg­ments have seen momen­tum.

Aver­age Reten­tion for Mid-Size Sedans Remain­ing Low­er than Pre­vi­ous Years:
One cause can be increase in lease returns in this seg­ment in the auc­tion lanes.

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