BLACK BOOK FEBRUARY DEPRECIATION REPORT SHOWS SPIRITED START TO THE SPRING SELLING SEASON FOR SEVERAL CAR SEGMENTS

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -1.1%, significantly better than January’s level of -2.6% due to a spirited start to the spring selling season. Cars decreased -0.7%, while trucks decreased -1.4%. All vehicles are averaging a 12-month change of -14.9%.

Sub-Compact Luxury CUVs showed the highest depreciation in February at -2.8%. 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 February with an average price of $15,122, a -19.7% change from year-ago levels.

Compared to February’s highest depreciation in the Sub-Compact Luxury Crossovers at -2.8%, the previous month saw six total segments finish with -3.0% or higher depreciation. In February, just four total segments finished with -2.0% or higher: Near Luxury Cars (-2.6%); Full-Size Crossover/SUV (-2.3%); and Luxury Cars (-2.1%).

Sub-Compact Cars finished February increasing in price by +0.8%. 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 the month with an average price of $5,936, a -17.8% change compared with a year ago.

Four of the top-performing segments in February were cars, and three of those finished with increasing values, including Sub-Compact Cars: Compact Cars (+0.2%); Mid-Size Cars (+0.1%); and Full-Size Cars (-0.5%).

“February’s start of the spring selling season was only slightly off the mark set last year at -0.8% on the month, but it was still a very impressive month, particularly for a handful of car segments,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Our auction personnel will have a watchful eye in the days and weeks to come to see if activity heats up further despite the winter storms in the north, and to see which car and truck segments continue to get a lot of looks by dealers and remarketers.”

 

 

 

3/1/17

2/1/18

1M Chg

3/1/18

3M Chg

 12M Chg

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All Vehicles

 

16,201

13,941

-1.1%

13,787

-6.4%

-14.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Car

 

12757

10588

-0.7%

10518

-6.4%

-17.6%

Truck

 

20076

17713

-1.4%

17465

-6.4%

-13.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Car

 

11667

9899

+0.1%

9908

-5.5%

-15.1%

Domestic Truck

 

20117

18093

-1.7%

17792

-6.5%

-11.6%

Import Car

 

13337

10955

-1.0%

10842

-6.9%

-18.7%

Import Truck

 

20012

17106

-0.9%

16945

-6.1%

-15.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sub-Compact Luxury CUV

LXU

18830

15551

-2.8%

15122

-8.9%

-19.7%

Near Luxury Car

NLC

18776

15494

-2.6%

15089

-8.1%

-19.6%

Full-Size Crossover/SUV

FSU

29193

25845

-2.3%

25240

-7.1%

-13.5%

Luxury Car

LLC

23718

19383

-2.1%

18983

-8.0%

-20.0%

Full-Size Luxury CUV/SUV

LFU

41474

35175

-1.9%

34490

-6.6%

-16.8%

Minivan

MVW

16960

14658

-1.8%

14394

-8.2%

-15.1%

Premium Sporty Car

PSC

42202

35538

-1.8%

34902

-6.0%

-17.3%

Mid-Size Luxury CUV/SUV

LMU

25845

21577

-1.5%

21262

-7.0%

-17.7%

Full-Size Pickup

FPT

24853

23312

-1.4%

22992

-5.9%

-7.5%

Compact Crossover/SUV

CSU

13767

11894

-1.3%

11744

-6.4%

-14.7%

Compact Luxury CUV/SUV

LCU

24328

19860

-1.2%

19628

-7.2%

-19.3%

Mid-Size Crossover/SUV

MSU

18995

16459

-1.1%

16272

-6.5%

-14.3%

Prestige Luxury Car

PLC

39568

31409

-1.1%

31055

-4.8%

-21.5%

Sporty Car

SPC

13367

11477

-0.9%

11368

-6.6%

-15.0%

Sub-Compact Crossover

SXU

12630

10521

-0.8%

10434

-6.9%

-17.4%

Small Pickup

SPT

22335

20410

-0.8%

20251

-4.5%

-9.3%

Full-Size Van

FSV

18500

16862

-0.7%

16746

-3.6%

-9.5%

Compact Van

MVC

11078

10147

-0.5%

10094

-5.6%

-8.9%

Full-Size Car

FSC

14507

12438

-0.5%

12378

-5.7%

-14.7%

Mid-Size Car

MSC

11444

9387

+0.1%

9399

-5.9%

-17.9%

Compact Car

CPC

9298

7798

+0.2%

7816

-6.2%

-15.9%

Sub-Compact Car

SBC

7225

5890

+0.8%

5936

-5.0%

-17.8%

 

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. 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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