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BLACK BOOK APRIL DEPRECIATION REPORT SHOWS NINE TOTAL VEHICLE SEGMENTS WITH AN INCREASE IN VALUE; FIVE OF WHICH WERE CARS

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 increased in value by +0.3% during April, fueled by a strong spring selling season for cars, also up +1.3%; trucks saw a decrease of -0.4% on the month. All vehicles are averaging a 12-month change of -15.1%.

A total of nine vehicle segments increased in overall value during spring, including five car segments, led by Mid-Size and Compact Cars, each up +2.5% on the month.

Vehicles in Mid-Size Car segment include the Nissan Altima, Chrysler 200, Honda Accord, Ford Fusion, Toyota Camry, Chevrolet Malibu, Kia Optima and the Hyundai Sonata. Vehicles in this segment finished April with an average price of $9,732, a -15.5% change from a year ago.

Vehicles in the Compact Car segment include the Chevrolet Cruze, Ford Focus, Honda Civic, Toyota Corolla, Volkswagen Jetta, Nissan Sentra and the Hyundai Elantra. Vehicles in this segment finished April with an average price of $8,210, a -13.7% change from a year ago.

Sub-Compact Crossovers saw the largest boost for trucks, jumping +1.5% in April. Vehicles in Sub-Compact Crossover segment include the Buick Encore, Nissan Juke, Chevrolet Trax, Honda HR-V and the Jeep Renegade. Vehicles in this segment finished April with an average price of $11,652, a -15.6% change from year-ago levels.

The other segments seeing increases in April included Sub-Compact Crossover (+1.1%); Full-Size Car (+1.0%); Compact Crossover/SUV (+0.5%); Sub-Compact Car (+0.5%); Compact Van (+0.3%); and Small Pickups (+0.1%).

The two segments that saw the highest depreciation on the month were Full-Size Crossover/SUV, and Mid-Size Luxury CUV/SUV, each declining -1.5%. Vehicles in the Full-Size Crossover/SUV segment include the Chevrolet Tahoe, Chevrolet Suburban, Dodge Durango, Ford Expedition, GMC Yukon, Toyota Sequoia and the Nissan Armada. Vehicles in the Mid-Size Luxury CUV/SUV segment include the Lexus RX 350, Acura MDX, BMW X5, Buick Enclave, Infiniti QX60, Mercedes Benz M Class and the Lincoln MKX.

“The above-average strength of the spring season was on full display during April, with a total of nine vehicle segments showing an increase in value,” said Anil Goyal, Executive Vice President, Operations at Black Book. “What’s impressive most in April is that five of these segments were cars, so it will be interesting to see what the remaining of the year holds for these segments as we return to more typical seasonal depreciation patterns for vehicles overall.”

 

Mk/Mod

 

 

5/1/17

4/1/18

 1M Chg

5/1/18

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,577

All Vehicles

 

16,241

13,753

+0.3%

13,792

-1.2%

-15.1%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

848

Car

 

12826

10600

+1.3%

10735

+1.2%

-16.3%

729

Truck

 

20103

17320

-0.4%

17248

-2.9%

-14.2%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

174

Domestic Car

 

11902

10078

+1.7%

10247

+3.1%

-13.9%

323

Domestic Truck

 

20258

17655

-0.5%

17564

-3.3%

-13.3%

674

Import Car

 

13323

10881

+1.1%

10997

+0.2%

-17.5%

406

Import Truck

 

19856

16784

-0.2%

16744

-2.1%

-15.7%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

52

Full-Size Crossover/SUV

FSU

29276

24660

-1.5%

24278

-6.1%

-17.1%

81

Mid-Size Luxury CUV/SUV

LMU

25475

20925

-1.5%

20611

-4.5%

-19.1%

53

Full-Size Luxury CUV/SUV

LFU

40667

33882

-1.3%

33428

-5.0%

-17.8%

57

Compact Luxury CUV/SUV

LCU

23925

19147

-1.2%

18918

-4.7%

-20.9%

95

Luxury Car

LLC

23409

18692

-0.9%

18516

-4.5%

-20.9%

53

Prestige Luxury Car

PLC

38309

30789

-0.9%

30505

-2.9%

-20.4%

54

Premium Sporty Car

PSC

41634

34465

-0.7%

34240

-3.7%

-17.8%

86

Full-Size Pickup

FPT

25374

22894

-0.5%

22781

-3.2%

-10.2%

32

Minivan

MVW

17101

14272

-0.5%

14202

-3.1%

-17.0%

89

Full-Size Van

FSV

18237

16634

-0.5%

16557

-1.8%

-9.2%

13

Sub-Compact Luxury CUV

LXU

18601

14727

-0.2%

14694

-5.5%

-21.0%

103

Mid-Size Crossover/SUV

MSU

18984

16101

-0.1%

16079

-2.3%

-15.3%

157

Near Luxury Car

NLC

18549

14989

-0.1%

14971

-3.4%

-19.3%

20

Small Pickup

SPT

22383

20139

+0.1%

20168

-1.2%

-9.9%

19

Compact Van

MVC

11145

10116

+0.3%

10143

+0.0%

-9.0%

94

Sub-Compact Car

SBC

7255

6013

+0.5%

6041

+2.6%

-16.7%

108

Compact Crossover/SUV

CSU

13665

11758

+0.5%

11814

-0.7%

-13.5%

47

Full-Size Car

FSC

14681

12549

+1.0%

12673

+1.0%

-13.7%

16

Sub-Compact Crossover

SXU

12409

10511

+1.1%

10625

+1.0%

-14.4%

88

Sporty Car

SPC

13806

11481

+1.5%

11652

+1.5%

-15.6%

150

Compact Car

CPC

9510

8012

+2.5%

8210

+5.3%

-13.7%

110

Mid-Size Car

MSC

11516

9497

+2.5%

9732

+3.1%

-15.5%

 

 

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. 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, 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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