Six Out Of Eight SUV/CUV Segments See Sept. Retention Better Than -2.0%
LAWRENCEVILLE, Ga. (October 6, 2016) – According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -2.3% during September, just slightly better than in August (-2.4%). Cars overall saw lower retention in September, ending the month at -2.6% compared with –1.8% in August. Trucks as a whole finished at -2.0% in September. All vehicles are currently averaging a 12-month depreciation change of -16.6%.
Sporty Cars and Prestige Luxury Cars saw the highest depreciation during September, both at a rate of -3.7%. Vehicles in the Sporty Car segment include the Acura RSX, Chevy Camaro, Ford Mustang and the Mazda RX8. Vehicles in this segment finished the month with an average price of $14,398, a -17.5% change from year-ago levels ($17,445). Vehicles in the Prestige Luxury Car segment include the Jaguar XJ, Lexus LX 400, Tesla Model S and the Mercedes-Benz 400 Series. Vehicles in Prestige Luxury Car segment ended September with an average price of $14,398, a -17.5% change from year-ago levels ($17,445).
Sub-Compact Luxury CUVs saw the strongest retention during August at -1.2%. Vehicles in this segment include the Audi Q3, BMW X1, Mercedes-Benz GLA Class, and the Mini Cooper Countryman. Vehicles in this segment finished the month with an average price of $19,557 a -17.8% change from a year ago ($23,793).
There were eight other segments besides Sub-Compact Luxury Cars that saw a retention rate of -1.9% or above. Those segments were Full-Size Pickups (-1.9%), Compact Crossovers (-1.9%), Mid-Size Luxury CUV/SUV (-1.9%), Sub-Compact Car (-1.9%), Full-Size Luxury CUV/SUV (-1.7%), Compact Luxury CUV/SUV (-1.7%), Small Pickup (-1.6%) and Sub-Compact Crossover (-1.5%).
“This past month all segments seemed to have retained their values slightly better than they did the previous month,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “This is likely due to typical market fluctuation, however it appears as though some truck segments are beginning to feel more depreciation than in recent months.”
| 10/1/15 | 9/1/16 | 1M Chg | 10/1/16 | 12M Chg | |
| Category | $ | $ | % | $ | % |
| All Vehicles | 18,537 | 15,810 | -2.3% | 15,453 | -16.6% |
| Car | 14,853 | 12,284 | -2.6% | 11,963 | -19.5% |
| Truck | 22,862 | 19,949 | -2.0% | 19,551 | -14.5% |
| Domestic Car | 13,472 | 11,378 | -2.8% | 11,055 | -17.9% |
| Domestic Truck | 23,117 | 20,259 | -2.1% | 19,834 | -14.2% |
| Import Car | 15,721 | 12,854 | -2.5% | 12,534 | -20.3% |
| Import Truck | 22,391 | 19,375 | -1.8% | 19,027 | -15.0% |
| Sporty Car | 17,445 | 14,958 | -3.7% | 14,398 | -17.5% |
| Prestige Luxury Car | 49,431 | 40,173 | -3.7% | 38,691 | -21.7% |
| Compact Van | 14,764 | 11,418 | -3.1% | 11,061 | -25.1% |
| Full-Size Car | 16,220 | 14,180 | -2.9% | 13,767 | -15.1% |
| Luxury Car | 28,854 | 22,517 | -2.8% | 21,886 | -24.1% |
| Compact Car | 10,592 | 8,737 | -2.8% | 8,495 | -19.8% |
| Near Luxury Car | 22,296 | 18,213 | -2.7% | 17,725 | -20.5% |
| Minivan | 20,405 | 17,135 | -2.3% | 16,741 | -18.0% |
| Full-Size Crossover/SUV | 32,021 | 284,47 | -2.2% | 27,826 | -13.1% |
| Mid-Size Crossover/SUV | 20,312 | 17,640 | -2.2% | 17,260 | -15.0% |
| Full-Size Van | 22,590 | 19,881 | -2.1% | 19,461 | -13.8% |
| Premium Sporty Car | 51,693 | 43,034 | -2.1% | 42,127 | -18.5% |
| Mid-Size Car | 12,285 | 10,262 | -2.0% | 10,060 | -18.1% |
| Full-Size Pickup | 26,592 | 23,767 | -1.9% | 23,304 | -12.4% |
| Compact Crossover/SUV | 16,435 | 14,054 | -1.9% | 13,785 | -16.1% |
| Mid-Size Luxury CUV/SUV | 29,452 | 24,972 | -1.9% | 24,506 | -16.8% |
| Sub-Compact Car | 8,980 | 6,972 | -1.9% | 6,842 | -23.8% |
| Full-Size Luxury CUV/SUV | 43,605 | 36,926 | -1.7% | 36,286 | -16.8% |
| Compact Luxury CUV/SUV | 28,006 | 23,520 | -1.7% | 23,125 | -17.4% |
| Small Pickup | 21,410 | 19,809 | -1.6% | 19,500 | -8.9% |
| Sub-Compact Crossover | 14,235 | 11,737 | -1.5% | 11,556 | -18.8% |
| Sub-Compact Luxury CUV | 23,793 | 19,800 | -1.2% | 19,557 | -17.8% |
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. A leading provider 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.
# # #