Lawrenceville, GA — May 11, 2018 — According to Black Book[miscellaneous type=”superscript”]®[/miscellaneous] 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|
|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%|
|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%|
|13||Sub-Compact Luxury CUV||LXU||18601||14727||-0.2%||14694||-5.5%||-21.0%|
|157||Near Luxury Car||NLC||18549||14989||-0.1%||14971||-3.4%||-19.3%|
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.
John Sternal, Merit Mile for Black Book, 954-592-1201
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