BLACK BOOK DEPRECIATION REPORT: ENTERING THE FINAL MONTH OF 2018 MOST CARS ARE SEEING THE HEAVIEST OF DEPRECIATION

According to Black Book® data, the average price of a used vehicle for model years 2013-2017 changed -2.5% during November. Cars changed -2.7% during the month and trucks changed -2.3%. Average 12-month depreciation at the end of November for all vehicles was -12.5%.

Three segments saw monthly depreciation less than -1.0% during November: Sub-Compact Luxury CUV (-0.8%), Sub-Compact Crossover (-0.9%), and Full-size Van (-0.9%). 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 November with an average segment value of $16,325, a -15.9% change from a year earlier.

Conversely, three segments shared the heaviest depreciation at -3.3%: Minivans, Full-Size Crossover/SUVs, and Compact Cars. While only one of these three were a car segment, six of the ten segments with the largest depreciation in November were car segments.

Six of the top seven segments with the lowest monthly depreciation were truck segments. In addition to the aforementioned three, also included are Mid-Size Luxury CUV/SUV, Compact Vans, and Compact Luxury CUV/SUV. Each of these three saw monthly depreciation of -1.6%.

“Entering the final month of the year we’re seeing typical depreciation trends across many of the segments listed, with most of the heavier depreciation affecting car segments this deep in the year,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Car segments for much of the year held very strong from healthy demand, but this momentum has stalled out in the final quarter of 2018.”

 

Mk/Mod

 

 

12/1/17

11/1/18

1M Chg

12/1/18

3M Chg

 12M Chg

Count

Category

Seg

$

$

%

$

%

%

 

 

 

 

 

 

 

 

 

SUMMARY

 

 

 

 

 

 

 

 

1,499

All Vehicles

 

16,902

15,161

-2.5%

14,788

-4.3%

-12.5%

 

 

 

 

 

 

 

 

 

TYPES

 

 

 

 

 

 

 

 

820

Car

 

13164

11877

-2.7%

11559

-5.1%

-12.2%

679

Truck

 

20751

18544

-2.3%

18113

-3.7%

-12.7%

 

 

 

 

 

 

 

 

 

ORIGINS

 

 

 

 

 

 

 

 

178

Domestic Car

 

12241

11328

-2.7%

11025

-5.6%

-9.9%

308

Domestic Truck

 

21047

18883

-2.5%

18405

-3.7%

-12.6%

642

Import Car

 

13643

12163

-2.7%

11837

-4.9%

-13.2%

371

Import Truck

 

20302

18027

-2.0%

17669

-3.9%

-13.0%

 

 

 

 

 

 

 

 

 

SEGMENTS

 

 

 

 

 

 

 

 

28

Minivan

MVW

17673

15325

-3.3%

14818

-5.9%

-16.2%

49

Full-Size Crossover/SUV

FSU

31263

27401

-3.3%

26507

-3.0%

-15.2%

133

Compact Car

CPC

9579

9005

-3.3%

8712

-5.3%

-9.0%

103

Mid-Size Car

MSC

11489

10580

-3.1%

10257

-5.1%

-10.7%

91

Mid-Size Crossover/SUV

MSU

19255

16985

-3.0%

16482

-4.7%

-14.4%

156

Near Luxury Car

NLC

19284

16309

-2.7%

15862

-5.3%

-17.7%

104

Compact Crossover/SUV

CSU

13733

12551

-2.6%

12224

-4.2%

-11.0%

84

Sporty Car

SPC

14590

13529

-2.4%

13199

-6.1%

-9.5%

47

Full-Size Car

FSC

14652

13367

-2.4%

13049

-5.5%

-10.9%

90

Sub-Compact Car

SBC

7339

6874

-2.0%

6735

-3.5%

-8.2%

49

Full-Size Luxury CUV/SUV

LFU

43670

36321

-2.0%

35604

-4.9%

-18.5%

47

Prestige Luxury Car

PLC

39823

33767

-1.8%

33145

-5.0%

-16.8%

76

Full-Size Pickup

FPT

27168

25041

-1.8%

24584

-2.6%

-9.5%

15

Small Pickup

SPT

23452

21930

-1.8%

21545

-3.4%

-8.1%

103

Luxury Car

LLC

25479

21234

-1.7%

20867

-5.0%

-18.1%

52

Compact Luxury CUV/SUV

LCU

23517

19929

-1.6%

19601

-3.8%

-16.7%

21

Compact Van

MVC

12146

11618

-1.6%

11428

-1.6%

-5.9%

78

Mid-Size Luxury CUV/SUV

LMU

26369

22288

-1.6%

21934

-3.8%

-16.8%

57

Premium Sporty Car

PSC

42341

37429

-1.4%

36891

-3.7%

-12.9%

84

Full-Size Van

FSV

19151

17802

-0.9%

17636

-2.2%

-7.9%

17

Sub-Compact Crossover

SXU

12725

11926

-0.9%

11823

-1.4%

-7.1%

15

Sub-Compact Luxury CUV

LXU

19411

16459

-0.8%

16325

-2.0%

-15.9%

 

 

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, 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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