Black Book Depreciation Report: 9 Segments Increased in Value in April

Lawrenceville, GA May 11, 2018 — According to Black Book® data, the average price of a used vehicle for model years 2012-2016 increased in value by +0.3% during April, fueled by a strong spring selling season for cars, also up +1.3%; trucks saw a decrease of -0.4% on the month. All vehicles are averaging a 12-month change of -15.1%.

A total of nine vehicle segments increased in overall value during spring, including five car segments, led by Mid-Size and Compact Cars, each up +2.5% on the month.

Vehicles in Mid-Size Car segment include the Nissan Altima, Chrysler 200, Honda Accord, Ford Fusion, Toyota Camry, Chevrolet Malibu, Kia Optima and the Hyundai Sonata. Vehicles in this segment finished April with an average price of $9,732, a -15.5% change from a year ago.

Vehicles in the Compact Car segment include the Chevrolet Cruze, Ford Focus, Honda Civic, Toyota Corolla, Volkswagen Jetta, Nissan Sentra and the Hyundai Elantra. Vehicles in this segment finished April with an average price of $8,210, a -13.7% change from a year ago.

Sub-Compact Crossovers saw the largest boost for trucks, jumping +1.5% in April. Vehicles in Sub-Compact Crossover segment include the Buick Encore, Nissan Juke, Chevrolet Trax, Honda HR-V and the Jeep Renegade. Vehicles in this segment finished April with an average price of $11,652, a -15.6% change from year-ago levels.

The other segments seeing increases in April included Sub-Compact Crossover (+1.1%); Full-Size Car (+1.0%); Compact Crossover/SUV (+0.5%); Sub-Compact Car (+0.5%); Compact Van (+0.3%); and Small Pickups (+0.1%).

The two segments that saw the highest depreciation on the month were Full-Size Crossover/SUV, and Mid-Size Luxury CUV/SUV, each declining -1.5%. Vehicles in the Full-Size Crossover/SUV segment include the Chevrolet Tahoe, Chevrolet Suburban, Dodge Durango, Ford Expedition, GMC Yukon, Toyota Sequoia and the Nissan Armada.

Vehicles in the Mid-Size Luxury CUV/SUV segment include the Lexus RX 350, Acura MDX, BMW X5, Buick Enclave, Infiniti QX60, Mercedes Benz M Class and the Lincoln MKX.

“The above-average strength of the spring season was on full display during April, with a total of nine vehicle segments showing an increase in value,” said Anil Goyal, Executive Vice President, Operations at Black Book. “What’s impressive most in April is that five of these segments were cars, so it will be interesting to see what the remaining of the year holds for these segments as we return to more typical seasonal depreciation patterns for vehicles overall.”

Mk/Mod     5/1/17 4/1/18 1M Chg 5/1/18 3M Chg 12M Chg
Count Category Seg $ $ % $ % %
SUMMARY
1,577 All Vehicles 16,241 13,753 +0.3% 13,792 -1.2% -15.1%
TYPES
848 Car 12826 10600 +1.3% 10735 +1.2% -16.3%
729 Truck 20103 17320 -0.4% 17248 -2.9% -14.2%
ORIGINS
174 Domestic Car 11902 10078 +1.7% 10247 +3.1% -13.9%
323 Domestic Truck 20258 17655 -0.5% 17564 -3.3% -13.3%
674 Import Car 13323 10881 +1.1% 10997 +0.2% -17.5%
406 Import Truck 19856 16784 -0.2% 16744 -2.1% -15.7%
SEGMENTS
52 Full-Size Crossover/SUV FSU 29276 24660 -1.5% 24278 -6.1% -17.1%
81 Mid-Size Luxury CUV/SUV LMU 25475 20925 -1.5% 20611 -4.5% -19.1%
53 Full-Size Luxury CUV/SUV LFU 40667 33882 -1.3% 33428 -5.0% -17.8%
57 Compact Luxury CUV/SUV LCU 23925 19147 -1.2% 18918 -4.7% -20.9%
95 Luxury Car LLC 23409 18692 -0.9% 18516 -4.5% -20.9%
53 Prestige Luxury Car PLC 38309 30789 -0.9% 30505 -2.9% -20.4%
54 Premium Sporty Car PSC 41634 34465 -0.7% 34240 -3.7% -17.8%
86 Full-Size Pickup FPT 25374 22894 -0.5% 22781 -3.2% -10.2%
32 Minivan MVW 17101 14272 -0.5% 14202 -3.1% -17.0%
89 Full-Size Van FSV 18237 16634 -0.5% 16557 -1.8% -9.2%
13 Sub-Compact Luxury CUV LXU 18601 14727 -0.2% 14694 -5.5% -21.0%
103 Mid-Size Crossover/SUV MSU 18984 16101 -0.1% 16079 -2.3% -15.3%
157 Near Luxury Car NLC 18549 14989 -0.1% 14971 -3.4% -19.3%
20 Small Pickup SPT 22383 20139 +0.1% 20168 -1.2% -9.9%
19 Compact Van MVC 11145 10116 +0.3% 10143 +0.0% -9.0%
94 Sub-Compact Car SBC 7255 6013 +0.5% 6041 +2.6% -16.7%
108 Compact Crossover/SUV CSU 13665 11758 +0.5% 11814 -0.7% -13.5%
47 Full-Size Car FSC 14681 12549 +1.0% 12673 +1.0% -13.7%
16 Sub-Compact Crossover SXU 12409 10511 +1.1% 10625 +1.0% -14.4%
88 Sporty Car SPC 13806 11481 +1.5% 11652 +1.5% -15.6%
150 Compact Car CPC 9510 8012 +2.5% 8210 +5.3% -13.7%
110 Mid-Size Car MSC 11516 9497 +2.5% 9732 +3.1% -15.5%

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.

Media Contact

John Sternal, Merit Mile for Black Book, 954-592-1201

 

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