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BLACK BOOK DATA SHOWS LUXURY AND SPORTY CARS SEGMENTS INCREASING IN DEPRECIATION ENTERING NOVEMBER

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -1.4% during October.

Cars overall dropped -1.8% and trucks decreased -1.1% in value during October. All vehicles are averaging a 12-month depreciation of -13.2%.

  

For the month of October, Full-Size Pickups saw the best value retention, only depreciating by -0.1%. Vehicles in this segment include the Chevrolet Silverado 1500, Ram 1500, GMC Sierra 1500 and the Ford F-150. Full-Size Pickups ended the month with an average segment price of $24,244, a resilient -4.7% drop from year-ago levels ($25434).

    

Premium Sporty Cars saw the largest decrease in value last month, depreciating by -2.6%. Vehicles in the Premium Sporty Car segment include the BMW 6-Series, Chevrolet Corvette, Porsche 911, Jaguar F-Type, Mercedes Benz SL-Class and the Lexus RC350. This segment entered November with an average segment price of $39,102. Premium Sporty Cars have depreciated by -17.5% compared to it’s average segment price for the same month last year ($47,404).

   

Out of all vehicle segments, Prestige Luxury Cars are seeing the highest depreciation over the course of the last twelve months, decreasing in value by -25.0% since November 2016. This segment’s current value is $32,213 but a year ago it was $42,966. Vehicles in this category include the BMW 7-Series, Lexus LS 460, Porsche Panamera, Jaguar XJ, Mercedes Benz S-Class and Audi A8.

   

“With the hurricane damage replacements continuing, we saw better than usual October depreciation rate. However, with most of the replacement activity behind us, we will start to see seasonal depreciation patterns we end the final quarter of the year,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics.

   

Here is the breakdown of vehicle depreciation during the month of October:

 

Mk/Mod

11/1/16

10/1/17

 1M Chg

11/1/17

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

SUMMARY

1,415

All Vehicles

17,120

15,082

-1.4%

14,866

-3.7%

-13.2%

TYPES

775

Car

14248

12216

-1.8%

11998

-4.9%

-15.8%

640

Truck

21061

19016

-1.1%

18801

-2.5%

-10.7%

ORIGINS

165

Domestic Car

12301

10789

-1.1%

10665

-4.4%

-13.3%

296

Domestic Truck

20698

19057

-0.9%

18889

-1.8%

-8.7%

610

Import Car

15173

12894

-2.0%

12631

-5.1%

-16.7%

344

Import Truck

21715

18940

-1.6%

18643

-3.8%

-14.1%

SEGMENTS

48

Premium Sporty Car

PSC

47404

40135

-2.6%

39102

-6.2%

-17.5%

141

Near Luxury Car

NLC

21304

18056

-2.5%

17599

-6.4%

-17.4%

47

Prestige Luxury Car

PLC

42966

32949

-2.2%

32213

-8.2%

-25.0%

71

Mid-Size Luxury CUV/SUV

LMU

28284

23848

-2.0%

23364

-5.7%

-17.4%

80

Sporty Car

SPC

15028

13289

-1.9%

13031

-5.8%

-13.3%

10

Sub-Compact Luxury CUV

LXU

18651

15716

-1.9%

15415

-4.6%

-17.4%

83

Luxury Car

LLC

27096

22365

-1.9%

21947

-7.0%

-19.0%

94

Mid-Size Crossover/SUV

MSU

19762

17744

-1.7%

17435

-3.0%

-11.8%

139

Compact Car

CPC

9824

8716

-1.6%

8577

-3.8%

-12.7%

97

Compact Crossover/SUV

CSU

14207

12764

-1.6%

12564

-1.1%

-11.6%

18

Small Pickup

SPT

23369

21714

-1.5%

21378

-4.6%

-8.5%

44

Compact Luxury CUV/SUV

LCU

25946

21990

-1.5%

21658

-5.6%

-16.5%

104

Mid-Size Car

MSC

11854

10250

-1.5%

10098

-3.8%

-14.8%

12

Sub-Compact Crossover

SXU

13370

11491

-1.4%

11327

-4.0%

-15.3%

29

Minivan

MVW

18129

16171

-1.2%

15974

-3.1%

-11.9%

44

Full-Size Car

FSC

14797

12951

-1.2%

12795

-2.8%

-13.5%

45

Full-Size Luxury CUV/SUV

LFU

43090

36841

-1.2%

36397

-4.2%

-15.5%

50

Full-Size Crossover/SUV

FSU

32222

29476

-0.8%

29242

-2.4%

-9.2%

89

Sub-Compact Car

SBC

7783

6499

-0.8%

6447

-3.5%

-17.2%

78

Full-Size Van

FSV

19608

17532

-0.6%

17426

-1.0%

-11.1%

17

Compact Van

MVC

12435

11067

-0.2%

11042

-1.9%

-11.2%

75

Full-Size Pickup

FPT

25434

24263

-0.1%

24244

-1.3%

-4.7%

                                                      

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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Tags: AND, BLACK, BOOK, CARS, DATA, DEPRECIATION, ENTERING, IN, INCREASING, LUXURY, More…NOVEMBER, SEGMENTS, SHOWS, SPORTY

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