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.”

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.