BLACK BOOK DATA SHOWS VEHICLE VALUES FALLING SLIGHTLY ENTERING DECEMBER

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.2%. Cars overall dropped -2.6% and trucks decreased -1.8% in value during November. All vehicles are averaging a 12-month depreciation of -13.2%.
Small Pickups were the only vehicle category to increase in value during November, increasing in value by +0.4%. Vehicles in the Small Pickup category include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Small Pickups ended the month with an average segment price of $21,454, a -6.8% drop from year ago levels ($23,030).
Sub-Compact Cars saw the largest decrease in value last month, depreciating by -3.7%. Vehicles in this segment include the Chevrolet Sonic, Ford Fiesta, Honda Fit, Toyota Yaris, Nissan Versa, Kia Soul and the Hyundai Accent. This segment entered December with an average price of $6,211.
Full-Size Pickups saw the least depreciation from year-ago value levels. This segment, which closed out November with an average segment price of $24,020, has dropped only -4.3% from its value in November of 2016 ($25,111). Vehicles in this category include the Chevrolet Silverado 1500, Ram 1500, GMC Sierra 1500 and the Ford F-150.
“After steady used car values in October, vehicle values overall decreased slightly in November,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Values typically drop slightly around the holiday season as we reach late into the year, especially right before the tax rebate checks begin to spur buying activity in the first quarter.”
 
Mk/Mod
 
 
12/1/16
11/1/17
 1M Chg
12/1/17
 3M Chg
 12M Chg
Count
Category
Seg
$
$
%
$
%
%
 
 
 
 
 
 
 
 
 
SUMMARY
 
 
 
 
 
 
 
 
1,431
All Vehicles
 
16,869
14,975
-2.2%
14,645
-4.2%
-13.2%
 
 
 
 
 
 
 
 
 
TYPES
 
 
 
 
 
 
 
 
780
Car
 
13942
12006
-2.6%
11690
-5.4%
-16.2%
651
Truck
 
20812
18976
-1.8%
18626
-3.2%
-10.5%
 
 
 
 
 
 
 
 
 
ORIGINS
 
 
 
 
 
 
 
 
166
Domestic Car
 
11997
10667
-2.5%
10404
-4.5%
-13.3%
303
Domestic Truck
 
20530
19139
-2.0%
18754
-3.0%
-8.7%
614
Import Car
 
14869
12644
-2.7%
12302
-5.8%
-17.3%
348
Import Truck
 
21333
18675
-1.5%
18391
-3.6%
-13.8%
 
 
 
 
 
 
 
 
 
SEGMENTS
 
 
 
 
 
 
 
 
89
Sub-Compact Car
SBC
7570
6447
-3.7%
6211
-4.8%
-17.9%
105
Mid-Size Car
MSC
11658
10106
-3.1%
9793
-4.5%
-16.0%
13
Sub-Compact Crossover
SXU
13041
11384
-3.0%
11039
-3.9%
-15.4%
51
Full-Size Crossover/SUV
FSU
31627
29395
-3.0%
28510
-4.3%
-9.9%
29
Minivan
MVW
17725
15974
-2.9%
15503
-5.4%
-12.5%
141
Compact Car
CPC
9624
8613
-2.7%
8379
-4.8%
-12.9%
17
Compact Van
MVC
12100
11042
-2.7%
10744
-2.4%
-11.2%
80
Sporty Car
SPC
14631
13031
-2.6%
12698
-6.1%
-13.2%
46
Compact Luxury CUV/SUV
LCU
25679
21818
-2.5%
21274
-5.7%
-17.2%
97
Compact Crossover/SUV
CSU
13949
12564
-2.3%
12270
-2.9%
-12.0%
11
Sub-Compact Luxury CUV
LXU
18512
16017
-2.3%
15650
-5.0%
-15.5%
83
Luxury Car
LLC
26604
21947
-2.3%
21447
-6.3%
-19.4%
142
Near Luxury Car
NLC
20832
17608
-2.3%
17211
-6.8%
-17.4%
45
Full-Size Car
FSC
14423
12808
-2.2%
12521
-3.8%
-13.2%
95
Mid-Size Crossover/SUV
MSU
19249
17467
-2.2%
17087
-4.0%
-11.2%
48
Premium Sporty Car
PSC
46508
39102
-2.1%
38272
-6.6%
-17.7%
47
Prestige Luxury Car
PLC
41751
32213
-2.1%
31541
-7.3%
-24.5%
46
Full-Size Luxury CUV/SUV
LFU
43343
37199
-1.4%
36676
-3.6%
-15.4%
72
Mid-Size Luxury CUV/SUV
LMU
27726
23367
-1.3%
23071
-4.7%
-16.8%
78
Full-Size Pickup
FPT
25111
24282
-1.1%
24020
-1.5%
-4.3%
78
Full-Size Van
FSV
19230
17426
-0.4%
17356
-1.0%
-9.7%
18
Small Pickup
SPT
23030
21378
+0.4%
21454
-1.8%
-6.8%
 
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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