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Black Book January Depreciation Report Shows Vehicle Retention Strengthening To Signal an Early Start to the Spring Selling Season

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.6% during January, slightly lower than the -2.9% shown the previous month. Cars overall dropped -3.0% and trucks decreased -2.3% in value during January. All vehicles are averaging a 12-month depreciation of -14.5%.

Luxury Cars showed the highest depreciation in January at -3.6%. Vehicles in the Luxury Car segment include the Mercedes Benz E-Class, BMW 5 Series, Cadillac CTS, Lexus GS 350, Audi A6 and the Jaguar XF. Vehicles in this segment finished January with an average price of $19,383, a -19.8% change from a year ago.

Five other segments finished January with -3.0% depreciation or higher: Near-Luxury Cars at -3.4%; Compact Cars also at -3.4%; Subcompact Crossovers at -3.3%; Minivans at -3.1%; and Full-Size Cars at -3.0%.

Full-Size Vans finished January with the lowest depreciation at -1.4%. Vehicles in the Full-Size Van segment include the Ford T150, Ram 1500 Promaster, GMC G1500, Chevrolet G1500, Nissan NV 1500 and the Mercedes Benz Sprinter Vans.

Prestige Luxury Cars saw the lowest January depreciation amongst all car segments at -1.7%. Vehicles in the Prestige Luxury Car segment include the BMW 7-Series, Lexus LS 460, Porsche Panamera, Jaguar XJ, Mercedes Benz S-Class and the Audi A8. Vehicles in this segment finished January with an average price of $31,409, a -22.4% change from year-ago levels.

“In January we began to see the early signs of the spring selling season, starting with the monthly depreciation which was slightly lower than what we saw in December,” said Anil Goyal, Executive Vice President, Operations at Black Book. “We’re also seeing slightly better depreciation on car segments which is encouraging as the supply remains high in cars.”

 

Mk/Mod

 

 

2/1/17

1/1/18

 1M Chg

2/1/18

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,510

All Vehicles

 

16,275

14,281

-2.6%

13,911

-7.3%

-14.5%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

818

Car

 

12867

10908

-3.0%

10585

-8.3%

-17.7%

692

Truck

 

20140

18105

-2.3%

17683

-6.7%

-12.2%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

172

Domestic Car

 

11750

10171

-2.7%

9899

-8.0%

-15.8%

318

Domestic Truck

 

20201

18544

-2.4%

18093

-6.7%

-10.4%

646

Import Car

 

13462

11301

-3.1%

10950

-8.4%

-18.7%

374

Import Truck

 

20041

17386

-2.2%

17012

-6.6%

-15.1%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

87

Luxury Car

LLC

24174

20101

-3.6%

19383

-8.2%

-19.8%

155

Near Luxury Car

NLC

19077

16043

-3.4%

15494

-7.8%

-18.8%

149

Compact Car

CPC

9338

8074

-3.4%

7798

-9.1%

-16.5%

14

Sub-Compact Crossover

SXU

12731

10884

-3.3%

10521

-8.9%

-17.4%

30

Minivan

MVW

17179

15131

-3.1%

14658

-9.2%

-14.7%

46

Full-Size Car

FSC

14604

12822

-3.0%

12438

-7.5%

-14.8%

83

Sporty Car

SPC

13426

11815

-2.9%

11477

-8.0%

-14.5%

92

Sub-Compact Car

SBC

7247

6063

-2.8%

5890

-9.2%

-18.7%

18

Compact Van

MVC

11147

10440

-2.8%

10147

-6.7%

-9.0%

53

Compact Luxury CUV/SUV

LCU

24448

20383

-2.6%

19860

-8.2%

-18.8%

52

Full-Size Crossover/SUV

FSU

29249

26506

-2.5%

25845

-7.6%

-11.6%

85

Full-Size Pickup

FPT

25005

23907

-2.5%

23312

-5.6%

-6.8%

107

Mid-Size Car

MSC

11494

9607

-2.5%

9368

-8.6%

-18.5%

98

Mid-Size Crossover/SUV

MSU

18911

16721

-2.2%

16345

-7.3%

-13.6%

101

Compact Crossover/SUV

CSU

13638

12033

-2.2%

11765

-7.2%

-13.7%

51

Premium Sporty Car

PSC

42652

36273

-2.0%

35538

-6.3%

-16.7%

74

Mid-Size Luxury CUV/SUV

LMU

26156

22018

-2.0%

21577

-6.5%

-17.5%

18

Small Pickup

SPT

22348

20810

-1.9%

20410

-2.8%

-8.7%

12

Sub-Compact Luxury CUV

LXU

19028

15839

-1.8%

15551

-8.4%

-18.3%

53

Full-Size Luxury CUV/SUV

LFU

42122

35816

-1.8%

35175

-6.4%

-16.5%

48

Prestige Luxury Car

PLC

40459

31957

-1.7%

31409

-5.7%

-22.4%

84

Full-Size Van

FSV

18495

17109

-1.4%

16862

-3.4%

-8.8%

 

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 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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