Car Depreciation: What Factors Affect Car Values?

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Fuel Prices

A few years ago, when we were paying $4 a gallon, hybrids and smaller, fuel-efficient vehicles depreciated less than their big gas-guzzling siblings because they were in such high demand. Now that gas prices are back to “affordable” levels, that’s no longer the case, and smaller cars are depreciating at a higher rate than other categories, according to automotive analyst Black Book. Compact SUVs, crossovers, and subcompact cars suffered the highest depreciation rate in August 2016 compared with August 2015, more than 23 percent.

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