Sliding gas prices lead to increasing depreciation rates for fuel-efficient vehicles, according to Auto Remarketing.
It seems as gas prices are returning to more normal levels as summer wraps up, consumers may be losing interest in fuel-efficient vehicles.
Black Book’s Ricky Beggs says falling gas prices have sped up fuel-efficient vehicles’ wholesale depreciation in the recent weeks.
Highlighting last week’s price environment in the lanes, Beggs — the editorial director and senior vice president at Black Book — explained that as car segments showed an average of $57, or 0.42-percent, depreciation last week, “the falling price of gas is placing downward pressure on smaller cars and more fuel-efficient trucks and utilities.”
