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BLACK BOOK MAY DEPRECIATION REPORT SHOWS MANY CARS AND TRUCKS SETTLING INTO SUMMER DEPRECIATION PATTERNS

According to Black Book® data, the average price of a used vehicle for model years 2013-2017 decreased slightly in value -0.3% during May, with cars changing -0.7% and trucks -0.1%. All vehicles are averaging a 12-month change of -14.1%. This is trending better than May of last year, when 2- to 6-year old vehicles declined in value by -1.2%.

  

Despite the slight dip in total vehicle values last month, eight segments saw positive changes in May, led by Sporty Cars, up +1.1% in May. Vehicles in the Sporty Car segment include the Dodge Challenger, Chevrolet Camaro, Ford Mustang, BMW 1-Series, and the Mazda MX-5 Miata. Vehicles in this segment finished May with an average price of $11,779, a -13.9% change from a year ago.

   

Sub-Compact Crossovers finished with the next highest change in valuation on the month (second straight month as strongest positive change for trucks), increasing by +0.7% in May. Vehicles in the Sub-Compact Crossover segment include the Buick Encore, Nissan Juke, Chevrolet Trax, Honda HR-V and the Jeep Renegade. Vehicles in this segment finished May with an average price of $10,698, a -13.8% change from a year ago.

   

Luxury cars finished with the highest depreciation on the month at -1.6%. 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 with an average price of $18,215, a -10.8% change from year-ago levels.

  

Three other segments finished the month with a depreciation rate of -1.1% during May: Mid-Size Luxury CUV/SUV, Prestige Luxury Cars, and Near Luxury Cars.

“After a strong spring we are now beginning to see a higher depreciation pattern returning to many of the car and truck segments,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Unless demand driven by a strong economy continues to build, we expect the used vehicle market to begin seeing more depreciation as we get deeper into the summer months.”

 

Mk/Mod

 

 

6/1/17

5/1/18

 1M Chg

6/1/18

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,585

All Vehicles

 

16,006

13,798

-0.3%

13,750

-0.5%

-14.1%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

857

Car

 

12597

10742

-0.7%

10666

+1.1%

-15.3%

728

Truck

 

19870

17260

-0.1%

17244

-1.6%

-13.2%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

174

Domestic Car

 

11761

10247

-0.1%

10233

+2.9%

-13.0%

322

Domestic Truck

 

20063

17532

+0.0%

17528

-1.7%

-12.6%

683

Import Car

 

13045

11008

-1.0%

10899

+0.2%

-16.5%

406

Import Truck

 

19562

16828

-0.2%

16791

-1.3%

-14.2%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

95

Luxury Car

LLC

22992

18516

-1.6%

18215

-4.0%

-20.8%

81

Mid-Size Luxury CUV/SUV

LMU

24973

20611

-1.1%

20378

-4.2%

-18.4%

54

Prestige Luxury Car

PLC

37720

30505

-1.1%

30165

-2.8%

-20.0%

159

Near Luxury Car

NLC

18351

15007

-1.1%

14840

-1.9%

-19.1%

110

Mid-Size Car

MSC

11235

9732

-1.0%

9639

+2.0%

-14.2%

53

Full-Size Luxury CUV/SUV

LFU

40001

33428

-0.9%

33134

-3.9%

-17.2%

151

Compact Car

CPC

9307

8210

-0.8%

8144

+4.2%

-12.5%

57

Compact Luxury CUV/SUV

LCU

23365

18918

-0.7%

18780

-4.3%

-19.6%

89

Full-Size Van

FSV

17904

16557

-0.5%

16468

-1.7%

-8.0%

13

Sub-Compact Luxury CUV

LXU

18314

14694

-0.4%

14629

-3.3%

-20.1%

96

Sub-Compact Car

SBC

7070

6041

-0.4%

6017

+1.4%

-14.9%

52

Full-Size Crossover/SUV

FSU

29075

24278

-0.3%

24210

-4.1%

-16.7%

103

Mid-Size Crossover/SUV

MSU

18745

16079

-0.2%

16042

-1.4%

-14.4%

55

Premium Sporty Car

PSC

41392

34236

-0.2%

34157

-2.1%

-17.5%

47

Full-Size Car

FSC

14463

12673

+0.1%

12688

+1.6%

-12.3%

20

Small Pickup

SPT

22323

20168

+0.1%

20194

-0.3%

-9.5%

85

Full-Size Pickup

FPT

25294

22873

+0.2%

22920

-1.7%

-9.4%

108

Compact Crossover/SUV

CSU

13436

11814

+0.2%

11839

+0.8%

-11.9%

32

Minivan

MVW

16879

14202

+0.3%

14245

-1.0%

-15.6%

19

Compact Van

MVC

11066

10143

+0.5%

10197

+1.0%

-7.9%

16

Sub-Compact Crossover

SXU

12412

10625

+0.7%

10698

+2.5%

-13.8%

90

Sporty Car

SPC

13680

11652

+1.1%

11779

+3.6%

-13.9%

 

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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Tags: AND, BLACK, BOOK, CARS, DEPRECIATION, INTO, MANY, MAY, PATTERNS, REPORT, More…SETTLING, SHOWS, SUMMER, TRUCKS

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