BLACK BOOK DATA SHOWS VEHICLE VALUES FALLING SLIGHTLY ENTERING DECEMBER

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December 11, 2017

BLACK BOOK DATA SHOWS VEHICLE VALUES FALLING SLIGHTLY ENTERING DECEMBER

LAWRENCEVILLE, Ga. (December 12, 2017) – According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -2.2%. Cars overall dropped -2.6% and trucks decreased -1.8% in value during November. All vehicles are averaging a 12-month depreciation of -13.2%.

Small Pickups were the only vehicle category to increase in value during November, increasing in value by +0.4%. Vehicles in the Small Pickup category include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Small Pickups ended the month with an average segment price of $21,454, a -6.8% drop from year ago levels ($23,030).

Sub-Compact Cars saw the largest decrease in value last month, depreciating by -3.7%. Vehicles in this segment include the Chevrolet Sonic, Ford Fiesta, Honda Fit, Toyota Yaris, Nissan Versa, Kia Soul and the Hyundai Accent. This segment entered December with an average price of $6,211.

Full-Size Pickups saw the least depreciation from year-ago value levels. This segment, which closed out November with an average segment price of $24,020, has dropped only -4.3% from its value in November of 2016 ($25,111). Vehicles in this category include the Chevrolet Silverado 1500, Ram 1500, GMC Sierra 1500 and the Ford F-150.

“After steady used car values in October, vehicle values overall decreased slightly in November,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Values typically drop slightly around the holiday season as we reach late into the year, especially right before the tax rebate checks begin to spur buying activity in the first quarter.”

Mk/Mod			12/1/16	11/1/17	1M Chg	12/1/17	3M Chg	12M Chg
Count	Category	Seg	$	$	%	$	%	%

SUMMARY
1,431	All Vehicles		16,869	14,975	-2.2%	14,645	-4.2%	-13.2%

TYPES
780	Car		13942	12006	-2.6%	11690	-5.4%	-16.2%
651	Truck		20812	18976	-1.8%	18626	-3.2%	-10.5%

ORIGINS
166	Domestic Car		11997	10667	-2.5%	10404	-4.5%	-13.3%
303	Domestic Truck		20530	19139	-2.0%	18754	-3.0%	-8.7%
614	Import Car		14869	12644	-2.7%	12302	-5.8%	-17.3%
348	Import Truck		21333	18675	-1.5%	18391	-3.6%	-13.8%

SEGMENTS
89	Sub-Compact Car	SBC	7570	6447	-3.7%	6211	-4.8%	-17.9%
105	Mid-Size Car	MSC	11658	10106	-3.1%	9793	-4.5%	-16.0%
13	Sub-Compact Crossover	SXU	13041	11384	-3.0%	11039	-3.9%	-15.4%
51	Full-Size Crossover/SUV	FSU	31627	29395	-3.0%	28510	-4.3%	-9.9%
29	Minivan	MVW	17725	15974	-2.9%	15503	-5.4%	-12.5%
141	Compact Car	CPC	9624	8613	-2.7%	8379	-4.8%	-12.9%
17	Compact Van	MVC	12100	11042	-2.7%	10744	-2.4%	-11.2%
80	Sporty Car	SPC	14631	13031	-2.6%	12698	-6.1%	-13.2%
46	Compact Luxury CUV/SUV	LCU	25679	21818	-2.5%	21274	-5.7%	-17.2%
97	Compact Crossover/SUV	CSU	13949	12564	-2.3%	12270	-2.9%	-12.0%
11	Sub-Compact Luxury CUV	LXU	18512	16017	-2.3%	15650	-5.0%	-15.5%
83	Luxury Car	LLC	26604	21947	-2.3%	21447	-6.3%	-19.4%
142	Near Luxury Car	NLC	20832	17608	-2.3%	17211	-6.8%	-17.4%
45	Full-Size Car	FSC	14423	12808	-2.2%	12521	-3.8%	-13.2%
95	Mid-Size Crossover/SUV	MSU	19249	17467	-2.2%	17087	-4.0%	-11.2%
48	Premium Sporty Car	PSC	46508	39102	-2.1%	38272	-6.6%	-17.7%
47	Prestige Luxury Car	PLC	41751	32213	-2.1%	31541	-7.3%	-24.5%
46	Full-Size Luxury CUV/SUV	LFU	43343	37199	-1.4%	36676	-3.6%	-15.4%
72	Mid-Size Luxury CUV/SUV	LMU	27726	23367	-1.3%	23071	-4.7%	-16.8%
78	Full-Size Pickup	FPT	25111	24282	-1.1%	24020	-1.5%	-4.3%
78	Full-Size Van	FSV	19230	17426	-0.4%	17356	-1.0%	-9.7%
18	Small Pickup	SPT	23030	21378	+0.4%	21454	-1.8%	-6.8%

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.