BLACK BOOK DATA SHOWS ALL VEHICLE SEGMENTS DEPRECIATING SLIGHTLY HEADING INTO 2018

According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.9%. Cars overall dropped -3.0% and trucks decreased -2.8% in value during December. All vehicles averaged a 12-month depreciation of -13.2% during 2017, compared to -17.3% in 2016.

Two vehicle segments tied for the lowest depreciation during December. Both Small Pickups and Full-Size Vans decreased in value by just -1.7%. Vehicles in the Small Pickups segment include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Vehicles in this category started off the year with an average segment price of $21,262. 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 value of $17,311.

Sub-Compact Luxury CUV saw the largest depreciation during the month, falling by -4.8%. Vehicles in the Sub-Compact Luxury CUV segment include Audi Q3, BMW X1, Mercedes Benz GLA Class, and the Mini Cooper Countryman. Vehicles in this segment finished December with an average price of $14,952, a -19.2% change from year ago levels ($18,496).

Prestige Luxury Cars saw the largest decrease in value from year-ago levels. This category dropped -23.4% since December of 2016 when the category had an average price of $41,452. Vehicles in this group include the BMW 7-Series, Lexus LS 460, Porsche Panamera, Jaguar XJ, Mercedes Benz S-Class and the Audi A8. This vehicles group is current priced at $31,745.

“Vehicle values ended the year with an easing of depreciation during the month of December,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Between a stronger-than-expected spring selling season that lasted into early summer and the two hurricanes during the fall that required a healthy dose of vehicle replacement activity, we saw lower overall depreciation this year compared with 2016.”

Mk/Mod			1/1/17	12/1/17	1M Chg	1/1/18	3M Chg	12M Chg
Count	Category	Seg	$	$	%	$	%	%

SUMMARY
1,471	All Vehicles		16,142	14,418	-2.9%	14,003	-6.3%	-13.2%

TYPES
792	Car		12968	11207	-3.0%	10872	-7.2%	-16.2%
679	Truck		20292	18616	-2.8%	18098	-5.6%	-10.8%

ORIGINS
168	Domestic Car		11671	10337	-3.1%	10015	-6.6%	-14.2%
317	Domestic Truck		20390	19075	-2.6%	18574	-5.4%	-8.9%
624	Import Car		13638	11657	-2.9%	11315	-7.4%	-17.0%
362	Import Truck		20108	17757	-3.1%	17208	-6.1%	-14.4%

SEGMENTS
11	Sub-Compact Luxury CUV	LXU	18496	15713	-4.8%	14952	-8.5%	-19.2%
106	Mid-Size Car	MSC	11664	9993	-3.7%	9625	-7.9%	-17.5%
72	Mid-Size Luxury CUV/SUV	LMU	26603	22801	-3.4%	22016	-6.7%	-17.2%
30	Minivan	MVW	17053	15263	-3.3%	14756	-7.4%	-13.5%
46	Full-Size Luxury CUV/SUV	LFU	41127	35383	-3.3%	34214	-5.9%	-16.8%
52	Compact Luxury CUV/SUV	LCU	25400	21595	-3.2%	20907	-6.9%	-17.7%
144	Compact Car	CPC	9404	8360	-3.1%	8099	-7.4%	-13.9%
98	Mid-Size Crossover/SUV	MSU	18809	17080	-3.1%	16550	-6.8%	-12.0%
100	Compact Crossover/SUV	CSU	13576	12318	-3.0%	11942	-6.6%	-12.0%
89	Sub-Compact Car	SBC	7344	6235	-3.0%	6048	-7.4%	-17.6%
14	Sub-Compact Crossover	SXU	12856	11131	-3.0%	10801	-7.0%	-16.0%
81	Sporty Car	SPC	13642	12299	-2.9%	11937	-7.0%	-12.5%
84	Luxury Car	LLC	24363	20547	-2.6%	20015	-6.2%	-17.8%
46	Full-Size Car	FSC	13852	12292	-2.5%	11983	-5.7%	-13.5%
51	Full-Size Crossover/SUV	FSU	30831	28659	-2.5%	27945	-6.2%	-9.4%
147	Near Luxury Car	NLC	19543	16609	-2.4%	16211	-7.0%	-17.1%
48	Premium Sporty Car	PSC	43505	37290	-2.4%	36400	-6.8%	-16.3%
18	Compact Van	MVC	11645	11066	-2.3%	10810	-4.5%	-7.2%
85	Full-Size Pickup	FPT	25408	24664	-2.2%	24121	-3.4%	-5.1%
47	Prestige Luxury Car	PLC	41452	32451	-2.2%	31745	-6.8%	-23.4%
18	Small Pickup	SPT	22914	21628	-1.7%	21262	-2.7%	-7.2%
84	Full-Size Van	FSV	19041	17602	-1.7%	17311	-2.9%	-9.1%

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.

BLACK BOOK DATA SHOWS ALL VEHICLE SEGMENTS DEPRECIATING SLIGHTLY HEADING INTO 2018

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