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.

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