Galves Auto Price List
The falling price of fuel and generally good demand among consumers and dealers throughout the year pretty much set the pace for an unusual year in the U.S. used vehicle market. Full-size SUVs and pick-ups showed the most strength in the spring market and throughout the year – showing more stability than other segments for the year overall. The Chevrolet Tahoe SUVs and Silverado pick-ups and comparable Ford Explorers and F150s did not fall at all through the spring and dropped less than 5% depreciation for the year.
European and Asian Luxury Vehicles Saw Most of the Instability in the Market:
Luxury SUVs fared better, perhaps more favorably impacted by low cost of fuel.
Value of Diesel and Gasoline Versions of Same Vehicle Merged During the Year:
How much can be attributed to low fuel prices and how much from spillover from VW diesel situation is questionable.
Low Gasoline Prices Hit Hybrids and SUVs the Hardest in Used Vehicle Values:
Cars like Nissan Leaf and Chevrolet Volt Were Down 30% to 40% during the year.