Anthony
Well-Known Member
- First Name
- Anthony
- Joined
- Feb 6, 2019
- Threads
- 43
- Messages
- 692
- Reaction score
- 1,301
- Location
- Connecticut
- Vehicle(s)
- 2019 Ford Ranger XLT FX4 SCrew
- Occupation
- COO
- Vehicle Showcase
- 1
- Thread starter
- #1
I like to keep track of the depreciation of all my assets (if you consider a vehicle an asset, whatever....separate convo). I'm a huge data nerd and track pretty much everything.
To use one source to keep things balanced, I used KBB. I use the Very Good for condition (even though the condition really Excellent) and take the mid-level value for Private Party (which is the mid-point of the Private Party Range)
Anyway....interesting that the value has actually appreciated in value over $2k since the last time I checked (which was the very end of last year before 202 crapped the bed).
I only have 3 data points right now but here they are with the dates:
Looking back at previous vehicles I tracked values for, fluctuations are normal (up and down). But usually, over a year's time, there is generally a steeper decline, especially in the first few years.
It seems that perhaps used vehicles are retaining value (perhaps due to the pandemic/unemployment issues), and/or the Ranger is doing pretty well with resale values as well.
One caveat that could have a sizable effect: I've only added about 2k miles since the last valuation. YMMV.
To use one source to keep things balanced, I used KBB. I use the Very Good for condition (even though the condition really Excellent) and take the mid-level value for Private Party (which is the mid-point of the Private Party Range)
Anyway....interesting that the value has actually appreciated in value over $2k since the last time I checked (which was the very end of last year before 202 crapped the bed).
I only have 3 data points right now but here they are with the dates:
| Date | Value | Change |
| 08/13/19 | $33,681 | - |
| 12/31/19 | $29,463 | -$4,218 (-12.5%) |
| 07/03/20 | $31,702 | +$2,239 (+7.6%) |
Looking back at previous vehicles I tracked values for, fluctuations are normal (up and down). But usually, over a year's time, there is generally a steeper decline, especially in the first few years.
It seems that perhaps used vehicles are retaining value (perhaps due to the pandemic/unemployment issues), and/or the Ranger is doing pretty well with resale values as well.
One caveat that could have a sizable effect: I've only added about 2k miles since the last valuation. YMMV.
Sponsored
(Just trying to keep up
).
