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.
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.