BLACK BOOK DATA SHOWS MOST VEHICLE VALUES STRENGTHENING FOLLOWING HURRICANE REPLACEMENT ACTIVITY

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -0.7%. Cars overall dropped -1.1% and trucks decreased -0.3% in value during September. All vehicles are averaging a 12-month depreciation of -14.5%, assisted by heightened vehicle replacement activity following Hurricanes Harvey and Irma.

Four vehicle segments increased in value in September, including Mid-Sized Cars, Sub-Compact Crossovers, Compact Crossover/SUVs and Compact Vans.  Compact Crossovers/SUVs gained the most value last month, increasing by 1.1%. Vehicles in the Compact Crossover/SUV segment include the Ford Escape, Chevrolet Equinox, Honda CR-V, Nissan Rogue, Toyota Rav4 and the Jeep Wrangler. This segment finished September with an average price of $12,605, down from $14,624 a year ago for model years 2012-2016.

Full-Size Vans were the only vehicle segment that maintained their value. 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. Full-Size Vans ended the month with an average segment price of $17,532.

Two vehicle segments, Mid-Size Crossovers and Full-Size Pickups, shared the lowest depreciation, only decreasing in value by -0.02%.  Vehicles in the Mid-Size Crossover/SUV segment include the Ford Explorer, Jeep Grand Cherokee, Dodge Journey, GMC Acadia, Chevrolet Traverse, Kia Sorento and the Nissan Pathfinder. Vehicles in the Full-Size Pickup segment include the Chevrolet Silverado 1500, Ram 1500, GMC Sierra 1500 and the Ford F-150. Mid-Size Crossovers and Full-Size Pickups entered October with average segment prices of $17,447 and $24,125 respectively.

Prestige Luxury Cars saw the largest depreciation during the month, falling by -3.2%. 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 September with an average price of $32,949, a -25.2% change from year ago levels ($44,043).

“Although consumer confidence fell slightly in September, vehicle values held very strong because of all the vehicle replacement activity caused by the hurricanes,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “In addition to utilities, smaller vehicles are showing better retention values as we head into the holiday season based largely on the great value they currently present to shoppers.”

10/1/16

9/1/17

1M Chg

10/1/17

3M Chg

12M Chg

Category

Seg

$

$

%

$

%

%

All Vehicles

17,511

15,069

-0.7%

14,968

-3.5%

-14.5%

Car

14684

12363

-1.1%

12228

-4.6%

-16.7%

Truck

21520

18906

-0.3%

18853

-2.5%

-12.4%

Domestic Car

12814

10887

-0.9%

10789

-5.0%

-15.8%

Domestic Truck

21214

18918

-0.1%

18902

-1.8%

-10.9%

Import Car

15584

13074

-1.2%

12921

-4.4%

-17.1%

Import Truck

22097

18884

-0.7%

18759

-3.9%

-15.1%

Prestige Luxury Car

PLC

44043

34036

-3.2%

32949

-7.9%

-25.2%

Luxury Car

LLC

27922

22896

-2.3%

22365

-6.0%

-19.9%

Near Luxury Car

NLC

21908

18453

-2.1%

18056

-4.6%

-17.6%

Premium Sporty Car

PSC

48318

40997

-2.1%

40135

-4.8%

-16.9%

Compact Luxury CUV/SUV

LCU

25584

21582

-1.9%

21180

-5.5%

-17.2%

Sporty Car

SPC

15537

13482

-1.7%

13254

-5.3%

-14.7%

Minivan

MVW

18692

16346

-1.5%

16102

-3.4%

-13.9%

Mid-Size Luxury CUV/SUV

LMU

29046

24109

-1.3%

23786

-4.8%

-18.1%

Full-Size Luxury CUV/SUV

LFU

43749

36832

-1.1%

36443

-4.6%

-16.7%

Sub-Compact Luxury CUV

LXU

19159

15880

-1.0%

15716

-4.1%

-18.0%

Small Pickup

SPT

23607

21844

-0.6%

21714

-3.6%

-8.0%

Full-Size Crossover/SUV

FSU

32984

29702

-0.5%

29540

-2.8%

-10.4%

Compact Car

CPC

10154

8760

-0.5%

8713

-3.6%

-14.2%

Sub-Compact Car

SBC

7812

6316

-0.5%

6284

-4.4%

-19.6%

Full-Size Car

FSC

15210

12936

-0.4%

12885

-2.8%

-15.3%

Mid-Size Crossover/SUV

MSU

20163

17485

-0.2%

17447

-2.5%

-13.5%

Full-Size Pickup

FPT

25796

24174

-0.2%

24125

-1.4%

-6.5%

Full-Size Van

FSV

20091

17526

+0.0%

17532

-0.9%

-12.7%

Mid-Size Car

MSC

12144

10227

+0.1%

10236

-4.5%

-15.7%

Sub-Compact Crossover

SXU

13796

11451

+0.3%

11491

-3.8%

-16.7%

Compact Van

MVC

12853

11007

+0.5%

11067

-0.4%

-13.9%

Compact Crossover/SUV

CSU

14624

12471

+1.1%

12605

-1.4%

-13.8%

 

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. 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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