According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -0.8% in February. Cars overall saw depreciation of –0.8% versus trucks, which saw –0.7% depreciation. All vehicles are averaging a 12-month depreciation change of –17.9%.

In February, Small Pickups preformed the best, increasing their value by 0.2%. Vehicles in the Small Pickups segment include the Toyota Tacoma, Chevrolet Colorado, Nissan Frontier and Honda Ridgeline. Vehicles in this category finished the last month with an average segment price of $19,138. The Small Pickup segment also managed to retain their value compared to year-ago levels the best, only depreciating -7.1% from 2016’s value of $20,597.

Two segments saw a monthly depreciation of -1.8% in February, the highest depreciation for the month. Those segments include Premium Sporty Cars and Mid-Size Luxury CUV/SUV. Premium Sporty Cars finished the month of February with a value of $38,039, a -19.5% decrease from last year’s value of $47,239. Vehicles in this segment include the BMW 6-Series, Chevrolet Corvette, Jaguar F-Type and the Lexus RC350. Mid-Size Luxury CUV/SUV’s ended last month with an average segment value of $21,479, a -20.1% decrease from year-ago levels ($25,869). Vehicles in this segment include the Buick Enclave, Infiniti QX60, Land Rover LR4 and the Lincoln MKX.

Prestige Luxury Cars had the steepest decline in value in comparison to a year ago. The segment, which ended February with an average value of $37,294, saw a -25.6% drop in price from its year-ago value ($50,115). Vehicles in the Prestige Luxury Car category include the Mercedes-Benz S-Class, Lexus LS 460, Audi A8 and the Jaguar XJ.

"Vehicle retention values have held relatively strong for the second month in a row this year, except for some luxury segments," said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. "Consumer confidence scored above the expected rate for February, and this coupled with the tax rebate season could be having a positive influence on the retention of vehicle values since there are more sales of smaller vehicles taking place.”

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.