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VEHICLE DEPRECIATION SHOWS POCKETS OF STRENGTH AT MID-WAY POINT OF 2017 ACCORDING TO BLACK BOOK DATA

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 decreased in value -1.3%, slightly more than the -1.2% change in May. Cars overall dropped -1.8% (unchanged from last month), and trucks decreased -0.8% in value during June. All vehicles are averaging a 12-month depreciation of -16.7%.

In June, Small Pickups had the lowest monthly depreciation at -0.1%. Vehicles in the Small Pickup segment include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Vehicles in this segment finished June with an average price of $21,328, a -7.3% change from a year ago.

Sub-Compact Cars saw the largest depreciation during the month at -2.8%. Vehicles in the Sub-Compact Car segment include the Chevrolet Sonic, Ford Fiesta, Honda Fit, Toyota Yaris, Nissan Versa, Kia Soul and the Hyundai Accent. Vehicles in this segment finished June with an average price of $6,554, a -22.0% change from a year ago.

The segment with the largest 12-month depreciation currently is Prestige Luxury Cars (-25.4%). 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. This segment finished June with an average price of $34,894, down from $46,781 a year ago.

Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

Sub-Compact Luxury CUVs represented the truck segment with the largest monthly depreciation in June at -1.8%. 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 the month with an average value of $16,388, a -18.9% change from a year ago.

“Falling gas prices in the month of June resulted in pockets of strength in used vehicle valuations,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Pickup trucks and large utilities have been strong so far this year while small cars have continued to drop, but the remainder of 2017 is expected to show differing trends in terms of vehicle retention strength.”

Black Book Segment Depreciation Entering July 2017

 

Mk/Mod

 

 

7/1/16

6/1/17

 1M Chg

7/1/17

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,325

All Vehicles

 

18,357

15,483

-1.3%

15,288

-2.3%

-16.7%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

723

Car

 

15438

12721

-1.8%

12493

-3.0%

-19.1%

602

Truck

 

22444

19352

-0.8%

19202

-1.7%

-14.4%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

152

Domestic Car

 

13578

11297

-2.0%

11070

-1.7%

-18.5%

277

Domestic Truck

 

22018

19200

-0.7%

19071

-1.0%

-13.4%

571

Import Car

 

16324

13399

-1.7%

13170

-3.5%

-19.3%

325

Import Truck

 

23245

19639

-1.0%

19448

-3.0%

-16.3%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

83

Sub-Compact Car

SBC

8405

6745

-2.8%

6554

-4.7%

-22.0%

128

Compact Car

CPC

10727

9112

-2.3%

8899

-2.9%

-17.0%

45

Prestige Luxury Car

PLC

46781

35707

-2.3%

34894

-4.6%

-25.4%

97

Mid-Size Car

MSC

12834

10730

-2.1%

10502

-4.4%

-18.2%

10

Sub-Compact Luxury CUV

LXU

20210

16693

-1.8%

16388

-3.7%

-18.9%

39

Full-Size Car

FSC

15786

12950

-1.6%

12738

-1.6%

-19.3%

10

Sub-Compact Crossover

SXU

14691

11934

-1.6%

11740

-2.5%

-20.1%

90

Compact Crossover/SUV

CSU

15382

12829

-1.5%

12641

-2.8%

-17.8%

45

Premium Sporty Car

PSC

50123

41922

-1.4%

41319

-2.1%

-17.6%

16

Compact Van

MVC

13233

10742

-1.3%

10601

-2.5%

-19.9%

77

Sporty Car

SPC

16669

14025

-1.1%

13864

-0.6%

-16.8%

76

Luxury Car

LLC

29637

23349

-1.1%

23091

-2.6%

-22.1%

71

Full-Size Van

FSV

20680

17596

-0.9%

17428

-3.4%

-15.7%

133

Near Luxury Car

NLC

22944

18523

-0.9%

18352

-1.9%

-20.0%

88

Mid-Size Crossover/SUV

MSU

20976

17756

-0.9%

17600

-2.3%

-16.1%

42

Compact Luxury CUV/SUV

LCU

26887

22599

-0.8%

22414

-3.4%

-16.6%

69

Mid-Size Luxury CUV/SUV

LMU

30762

25219

-0.7%

25034

-3.0%

-18.6%

72

Full-Size Pickup

FPT

26405

24488

-0.6%

24349

+0.0%

-7.8%

44

Full-Size Luxury CUV/SUV

LFU

46318

38401

-0.6%

38187

-2.9%

-17.6%

28

Minivan

MVW

19711

16737

-0.4%

16675

-0.5%

-15.4%

46

Full-Size Crossover/SUV

FSU

33966

29963

-0.1%

29932

-0.3%

-11.9%

16

Small Pickup

SPT

23019

21347

-0.1%

21328

+0.2%

-7.3%

 

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. 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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