BLACK BOOK SEES OVERALL VEHICLE VALUES INCREASE RESULTING FROM STRONG APRIL AND SPRING SEASON

According to Black Book® data, the average price of a used vehicle for model years 2011-2015 increased in value by 0.4% in April. Cars overall saw an increase in value by 0.7% versus trucks, which saw a 0.3% increase. All vehicles are averaging a 12-month depreciation change of –16.9% entering May.

In April, Sporty Cars performed the strongest, increasing their value by 1.8%. Vehicles in the Sporty Car category include the Dodge Challenger, Chevrolet Camaro, Ford Mustang, BMW 1-Series, and the Mazda MX-5 Miata. Vehicles in this segment finished April with an average price of $13,355.

Only six vehicle segments depreciated in value in April, Premium Sporty Cars, Compact Vans, Full-Size Luxury CUV/SUV, Full-Size Vans, Sub-Compact Crossovers and Sub-Compact Luxury CUVs. Of those vehicle categories, the Full-Size Luxury CUV/SUV segment saw the most depreciation declining in value by -0.5%. Vehicles in this segment include the Audi Q7, Infiniti QX56, Land Rover Range Rover, Cadillac Escalade, Mercedes-Benz GL Class, and the Lincoln Navigator. The Full-Size Luxury CUV/SUV began the month of May with an average segment price of $33,158, a -18.6% drop from year-ago levels ($40,733).

"Clearly we’ve had a stronger-than-expected spring this year, particularly in comparison to the last few spring seasons,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. "We attribute much of this year’s strength to smaller car values which have experienced significant depreciation in the last few years and are most likely viewed as a bargain to many buyers right now.”

Black Book Segment Depreciation Entering May 2017

 

Mk/Mod

 

 

5/1/16

4/1/17

 1M Chg

5/1/17

 3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

 

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

1,404

All Vehicles

17,072

14,120

+0.4%

14,184

-0.9%

-16.9%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

725

Car

 

13690

10918

+0.7%

10991

-0.7%

-19.7%

679

Truck

 

20811

17661

+0.3%

17714

-1.0%

-14.9%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

144

Domestic Car

12370

9895

+1.3%

10025

+0.7%

-19.0%

298

Domestic Truck

20896

17915

+0.4%

17987

-0.6%

-13.9%

581

Import Car

14441

11501

+0.4%

11541

-1.4%

-20.1%

381

Import Truck

20683

17274

+0.1%

17298

-1.7%

-16.4%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

42

Prestige Luxury Car

PLC

45344

33931

-0.8%

33676

-6.6%

-25.7%

51

Full-Size Luxury CUV/SUV

LFU

40733

33311

-0.5%

33158

-4.0%

-18.6%

10

Sub-Compact Crossover

SXU

13782

10968

-0.4%

10920

-2.6%

-20.8%

80

Full-Size Van

FSV

20661

17501

-0.4%

17424

-1.9%

-15.7%

13

Compact Van

MVC

12530

9903

-0.3%

9878

+0.8%

-21.2%

49

Premium Sporty Car

PSC

47438

38460

-0.1%

38404

-2.9%

-19.0%

9

Sub-Compact Luxury CUV

LXU

22021

17604

-0.1%

17595

-2.1%

-20.1%

80

Mid-Size Luxury CUV/SUV

LMU

27464

22109

+0.0%

22100

-2.9%

-19.5%

106

Compact Crossover/SUV

CSU

15066

12575

+0.0%

12578

-1.2%

-16.5%

80

Luxury Car

LLC

25027

19210

+0.1%

19229

-3.4%

-23.2%

133

Near Luxury Car

NLC

19720

15456

+0.2%

15485

-2.2%

-21.5%

98

Mid-Size Crossover/SUV

MSU

18841

15510

+0.2%

15547

-1.1%

-17.5%

43

Compact Luxury CUV/SUV

LCU

25582

20737

+0.3%

20791

-2.7%

-18.7%

81

Mid-Size Car

MSC

11306

9185

+0.4%

9222

-0.4%

-18.4%

84

Full-Size Pickup

FPT

24575

22131

+0.4%

22223

-0.2%

-9.6%

49

Full-Size Crossover/SUV

FSU

29731

25242

+0.5%

25370

+0.0%

-14.7%

24

Small Pickup

SPT

20582

18778

+0.7%

18911

+0.1%

-8.1%

84

Sub-Compact Car

SBC

7872

6119

+1.0%

6182

+0.2%

-21.5%

40

Full-Size Car

FSC

15133

12330

+1.2%

12477

+0.3%

-17.6%

129

Compact Car

CPC

9937

7975

+1.2%

8071

+0.8%

-18.8%

32

Minivan

MVW

18210

15129

+1.5%

15350

+0.1%

-15.7%

87

Sporty Car

SPC

16080

13117

+1.8%

13355

+2.4%

-17.0%

 

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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