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BLACK BOOK MARCH DEPRECIATION REPORT SHOWS A CONTINUATION OF STRONG RETENTION FOR SEVERAL SMALLER CAR SEGMENTS

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -0.4%, an improvement from February’s level of -1.1% due to a continued stronger-than-expected spring selling season. Cars increased in value by +0.6%, while trucks decreased -1.1%. All vehicles are averaging a 12-month change of -15.0%.

For the second-straight month, Sub-Compact Luxury CUVs showed the largest depreciation in March at -2.6% (February showed -2.8%). Vehicles in Sub-Compact Luxury Crossover segment include the Audi Q3, BMW X1, Mercedes Benz GLA Class, and the Mini Cooper Countryman. Vehicles in this segment finished March with an average price of $14,727, a -21.0% change from year-ago levels.

Including Sub-Compact Luxury CUVs, trucks represented the top five largest depreciating segments: Compact Luxury CUV/SUV (-2.5%); Full-Size Crossover/SUV (-2.3%); Full-Size Luxury CUV/SUV (-1.8%); and Mid-Size Luxury CUV/SUV (-1.6%).

Compact Cars finished the month with the strongest retention at +2.5%. 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 the month with an average price of $8,012, a -14.3% change from a year ago. Sub-Compact Cars (+1.3%) and Sporty Cars (+1.0%) also increased by at least +1.0% on the month.

The only truck segment to show an increase during March was Compact Crossover/SUV at +0.1%. Vehicles in the Compact Crossover/SUV segment include the Ford Escape, Chevrolet Equinox, Honda CR-V, Nissan Rogue, Toyota Rav4 and the Jeep Wrangler. Vehicles in this segment finished March with an average price of $11,758, a -14.0% change from a year ago.

“Spring continues to show a strong quarter for many smaller car segments, mostly because these vehicles are being offered at a great value at auction,” said Executive Vice President, Operations at Black Book. “This level of activity is expected to last just a few more weeks before depreciation trends return to a more normal pattern, particularly for cars.”

 

 

 

4/1/17

3/1/18

 1M Chg

4/1/18

 3M Chg

 12M Chg

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All Vehicles

 

16,148

13,786

-0.4%

13,729

-4.1%

-15.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Car

 

12732

10529

+0.6%

10587

-3.1%

-16.8%

Truck

 

20008

17465

-1.1%

17278

-4.7%

-13.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Car

 

11773

9947

+1.3%

10078

-1.3%

-14.4%

Domestic Truck

 

20101

17792

-1.1%

17588

-5.2%

-12.5%

Import Car

 

13247

10842

+0.2%

10861

-3.9%

-18.0%

Import Truck

 

19860

16945

-1.0%

16783

-4.0%

-15.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Compact Luxury CUV

LXU

18639

15122

-2.6%

14727

-7.0%

-21.0%

Compact Luxury CUV/SUV

LCU

23976

19628

-2.5%

19147

-6.1%

-20.1%

Full-Size Crossover/SUV

FSU

29166

25240

-2.3%

24660

-7.0%

-15.5%

Full-Size Luxury CUV/SUV

LFU

40850

34490

-1.8%

33882

-5.4%

-17.1%

Mid-Size Luxury CUV/SUV

LMU

25504

21262

-1.6%

20925

-5.0%

-18.0%

Luxury Car

LLC

23369

18983

-1.5%

18692

-7.0%

-20.0%

Full-Size Pickup

FPT

24968

22992

-1.3%

22682

-5.1%

-9.2%

Premium Sporty Car

PSC

41655

34902

-1.3%

34465

-5.0%

-17.3%

Mid-Size Crossover/SUV

MSU

18964

16272

-1.1%

16101

-4.4%

-15.1%

Minivan

MVW

16886

14394

-0.8%

14272

-5.7%

-15.5%

Full-Size Van

FSV

18308

16746

-0.8%

16614

-2.9%

-9.3%

Prestige Luxury Car

PLC

38532

31055

-0.8%

30813

-3.6%

-20.0%

Near Luxury Car

NLC

18523

15089

-0.7%

14989

-6.6%

-19.1%

Small Pickup

SPT

22284

20251

-0.6%

20139

-3.2%

-9.6%

Compact Crossover/SUV

CSU

13674

11744

+0.1%

11758

-3.3%

-14.0%

Compact Van

MVC

11187

10094

+0.2%

10116

-3.1%

-9.6%

Mid-Size Car

MSC

11509

9452

+0.5%

9497

-1.9%

-17.5%

Full-Size Car

FSC

14439

12378

+0.6%

12447

-2.9%

-13.8%

Sub-Compact Crossover

SXU

12494

10434

+0.7%

10511

-3.4%

-15.9%

Sporty Car

SPC

13597

11368

+1.0%

11481

-2.8%

-15.6%

Sub-Compact Car

SBC

7187

5936

+1.3%

6013

-0.8%

-16.3%

Compact Car

CPC

9349

7816

+2.5%

8012

-0.8%

-14.3%

 

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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