Abstract
Vehicle depreciation is a key factor in determining the total cost of vehicle ownership and consumer purchase behavior. This report examines how light-duty-vehicle residual values have evolved over time for conventional and advanced vehicle technologies, accounting for important factors such as market segment, size class, and country of assembly. Although plug-in vehicles have historically depreciated faster than conventional vehicles, advancements in electric vehicle technology have led to plug-in vehicles exhibiting depreciation curves similar to those of conventional vehicles. This report compares two methods for determining depreciation trends (snapshot method and time-series method) in order to identify potential impacts on calculating vehicle total cost of ownership given differing data availability.
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