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.”

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.