Kelley Blue Book
Used vehicle values were down 2.2% from the previous month, which was slightly less than the 2.6% price decline in June. One noticeable difference was that hybrid/alternative energy and electric vehicle segments saw their decline slow down at 2.3% and zero percent, respectively. Large declines in the car segments were seen by subcompacts at 4.7%, compacts at 3.8%, and mid-size at 3.1%.
July Fuel Price Stagnation of Came as Welcome Change After 3 Months of Increases:
California saw steep price spike with refinery maintenance and switching from winter to summer fuel blends.
Truck and Full-Size SUV Segments Best Performers Even with Peak Fuel Prices:
Consumers still recall much higher fuel prices in 2013 and 2014, making smaller cars less desirable.
Trucks Have Done Well this Year with Full-Size Trucks Increasing 0.4% in July:
Increase in new construction lends itself to stronger demand for full-size trucks.