VEHICLE DEPRECIATION BEGINS TO PICK UP ENTERING JUNE

According to Black Book® data, the average price of a used vehicle for model years 2011-2015 decreased in value -1.2% in May, a reversal from April when values actually increased 0.4%. Cars overall dropped -1.8%, and trucks decreased -0.9% in value during May. All vehicles are averaging a 12-month depreciation of -17.5%.

During May, Full-Size Pickups performed the strongest, with values increasing +0.2%. Vehicles in the Full-Size Pickup segment include the Chevrolet Silverado 1500, Ram 1500, and Ford F-150. Vehicles in this segment finished May with an average price of $22,260, a -9.7% change from year-ago levels.

Compact Cars saw the largest depreciation during May, falling -2.6% in value. Vehicles in this segment include the Chevrolet Cruze, Ford Focus, Honda Civic, Toyota Corolla and the Hyundai Elantra. Vehicles in this segment finished May with an average price of $7,860, a -1.3% change from year-ago levels.

Four vehicle segments had monthly depreciation worse than 2.0% in May: Compact Cars at -2.6%; Mid-Size Cars at -2.5%; Sub-Compact Cars at -2.5%; and Compact Luxury CUV/SUV at -2.2%.

Two vehicle segments increased in value during May: Full-Size Pickups at +0.2%; and Premium Sporty Cars at +0.1%.

“With spring now in our rearview mirror, it is expected we’ll begin to see depreciation pick up, particularly for car segments,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “That being said, it was interesting to see some car segments remain at the higher end of the retention spectrum for strength in values during May, and we’ll also be keeping an eye out for truck segments that see higher depreciation throughout the summer.”

Black Book Segment Depreciation Entering June 2017

Mk/Mod

 

 

6/1/16

5/1/17

 1M Chg

6/1/17

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,404

All Vehicles

 

16,983

14,184

-1.2%

14,010

-1.2%

-17.5%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

725

Car

 

13556

10991

-1.8%

10798

-1.5%

-20.3%

679

Truck

 

20772

17714

-0.9%

17563

-1.1%

-15.4%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

144

Domestic Car

 

12340

10025

-1.5%

9871

+0.1%

-20.0%

298

Domestic Truck

 

20879

17987

-0.4%

17915

-0.1%

-14.2%

581

Import Car

 

14248

11541

-1.9%

11325

-2.2%

-20.5%

381

Import Truck

 

20609

17298

-1.6%

17028

-2.5%

-17.4%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

129

Compact Car

CPC

9798

8071

-2.6%

7860

-1.3%

-19.8%

81

Mid-Size Car

MSC

11165

9222

-2.5%

8988

-2.3%

-19.5%

84

Sub-Compact Car

SBC

7687

6182

-2.5%

6027

-1.8%

-21.6%

43

Compact Luxury CUV/SUV

LCU

25448

20791

-2.2%

20332

-3.4%

-20.1%

9

Sub-Compact Luxury CUV

LXU

21797

17595

-1.9%

17263

-2.9%

-20.8%

106

Compact Crossover/SUV

CSU

15038

12578

-1.6%

12370

-2.5%

-17.7%

80

Luxury Car

LLC

24589

19229

-1.5%

18937

-3.0%

-23.0%

40

Full-Size Car

FSC

15153

12477

-1.5%

12292

-0.4%

-18.9%

80

Full-Size Van

FSV

20538

17424

-1.4%

17173

-2.4%

-16.4%

42

Prestige Luxury Car

PLC

44602

33676

-1.4%

33193

-5.6%

-25.6%

32

Minivan

MVW

18242

15350

-1.4%

15137

-0.1%

-17.0%

80

Mid-Size Luxury CUV/SUV

LMU

27283

22100

-1.2%

21827

-2.8%

-20.0%

51

Full-Size Luxury CUV/SUV

LFU

40430

33158

-1.1%

32795

-3.5%

-18.9%

13

Compact Van

MVC

12294

9878

-1.1%

9770

+0.2%

-20.5%

133

Near Luxury Car

NLC

19656

15485

-1.0%

15325

-1.5%

-22.0%

98

Mid-Size Crossover/SUV

MSU

18799

15547

-1.0%

15399

-1.5%

-18.1%

49

Full-Size Crossover/SUV

FSU

29422

25370

-0.8%

25160

-0.3%

-14.5%

24

Small Pickup

SPT

20506

18911

-0.5%

18811

-0.3%

-8.3%

87

Sporty Car

SPC

16131

13355

-0.2%

13325

+2.8%

-17.4%

10

Sub-Compact Crossover

SXU

13675

10920

-0.1%

10909

-2.5%

-20.2%

49

Premium Sporty Car

PSC

47088

38404

+0.1%

38438

-1.2%

-18.4%

84

Full-Size Pickup

FPT

24661

22223

+0.2%

22260

+0.9%

-9.7%

 

About Black Book

Black Book® is best known in the automotive industry for providing timely, independent and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications and licensing agreements. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the insight necessary to successfully buy, sell, and lend. Black Book data is published daily by National Auto Research, a division of Hearst Business media, and the company maintains offices in Georgia, Florida, and Maryland. For more information, please visit BlackBook.com or call 800.554.1026.

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