Fuel Prices Coming up but Not Enough to Change Used-Car Values

Sean Foy­il
Senior Ana­lyst, Vehi­cle Val­u­a­tion
Kel­ley Blue Book

The down­turn being seen in used-car val­ues comes as no sur­prise for this time of year.
Off-lease sup­ply is expect­ed to neg­a­tive­ly impact val­ues fur­ther as they begin to return to the mar­ket lat­er this year. Fuel prices in May increased 15 cents, or 6.2%, on the back of an already sharp 10 cent rise in April 2015. Hybrid and elec­tric vehi­cles have still been feel­ing the effects even with the fuel price increase due to the price of fuel still being com­par­a­tive­ly low­er.

Check out the lat­est copy of Blue Book Mar­ket Report

Elec­tric Cars Among Worst Price Per­form­ers Even with Increas­ing Fuel Prices:
Nis­san Leaf leads the way as worst per­former with 8.1% aggres­sive decline in May.

Full-Size Pick­ups Still Had a Good Month Even with Over­all Decline in Val­ues:
Chevro­let Sil­ver­a­do, Ford F-150, Toy­ota Tun­dra, and GMC Sier­ra gained just more than 2% this month.

Buick, Jeep, and Dodge Had Largest Gains YTD in 1–3 Year Old Vehi­cles:
Sporty com­pact cars, full-size pick­ups, and sports cars were top seg­ments.

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