LAWRENCEVILLE, GA (November 19, 2018) – According to Black Book® data, the average price of a used vehicle for model years 2013-2017 changed -1.9% during October, a noticeable drop compared to the previous month when values were unchanged. The -1.9% change was also the largest monthly price decline dating back to January. Cars changed -2.4% and trucks changed -1.6%.
Unlike September, when eight segments either retained their value or saw increased, every truck and car segment saw a decline in October. Subcompact Crossovers saw the lowest depreciation at -0.4% during October. Vehicles in this segment finished the month with an average segment value of $11,926, a -8.9% change from a year ago. Vehicles in Sub-Compact Crossover segment include the Buick Encore, Nissan Juke, Chevrolet Trax, Honda HR-V and the Jeep Renegade.
Sporty Cars saw the largest depreciation on the month at -3.3%. Vehicles in the Sporty Car segment include the Dodge Challenger, Chevrolet Camaro, Ford Mustang, BMW 1-Series, and the Mazda MX-5 Miata. Vehicles in this segment finished October with an average segment value of $13,529, a -9.1% change in value over the last twelve months.
Two other segments finished the month at -2.5% depreciation or greater: Full-size Cars at -2.6%, and Minivans at -2.5%.
Five segments including Subcompact Crossovers saw monthly depreciation of -1.0% or less: Full-Size Crossover/SUV (-0.9%), Full-Size Van (-0.9%), Compact Van (-0.9%), and Sub-Compact Luxury CUV (-0.6%)
“It appears as though we’ve settled into normal depreciation patterns for the remainder of the year. Our residual forecasts reflect depreciation increasing next year,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Increasing interest rates, potentially higher incentives on new vehicles and rising used supply levels, particularly in the compact SUV segment will be key factors driving the trend in 2019.”
| 11/1/17 | 10/1/18 | 1M Chg | 11/1/18 | 3M Chg | 12M Chg | |||
| Category | Seg | $ | % | $ | % | $ | % | % |
| All Vehicles | 17,236 | +0.0% | 15,427 | -1.9% | 15,129 | -1.9% | -12.2% | |
| Car | 13387 | -0.2% | 12055 | -2.4% | 11770 | -2.6% | -12.1% | |
| Truck | 21203 | +0.2% | 18902 | -1.6% | 18591 | -1.5% | -12.3% | |
| Domestic Car | 12501 | -0.1% | 11632 | -2.9% | 11290 | -3.1% | -9.7% | |
| Domestic Truck | 21532 | +0.4% | 19205 | -1.6% | 18904 | -1.0% | -12.2% | |
| Import Car | 13848 | -0.2% | 12276 | -2.1% | 12020 | -2.3% | -13.2% | |
| Import Truck | 20697 | -0.2% | 18436 | -1.8% | 18110 | -2.4% | -12.5% | |
| Sporty Car | SPC | 14887 | -0.5% | 13989 | -3.3% | 13529 | -4.8% | -9.1% |
| Full-Size Car | FSC | 15289 | -0.7% | 13963 | -2.6% | 13605 | -3.2% | -11.0% |
| Minivan | MVW | 18167 | -0.2% | 15720 | -2.5% | 15325 | -2.1% | -15.6% |
| Near Luxury Car | NLC | 19661 | -0.2% | 16657 | -2.4% | 16257 | -3.5% | -17.3% |
| Luxury Car | LLC | 25400 | -1.0% | 21135 | -2.3% | 20639 | -4.0% | -18.7% |
| Compact Car | CPC | 9840 | +0.2% | 9205 | -2.3% | 8991 | -1.4% | -8.6% |
| Mid-Size Crossover/SUV | MSU | 19634 | +0.5% | 17383 | -2.3% | 16985 | -2.0% | -13.5% |
| Prestige Luxury Car | PLC | 40025 | -1.0% | 33864 | -2.3% | 33098 | -4.3% | -17.3% |
| Full-Size Luxury CUV/SUV | LFU | 44358 | -0.8% | 37155 | -2.2% | 36321 | -4.0% | -18.1% |
| Mid-Size Car | MSC | 11809 | +0.1% | 10817 | -2.2% | 10577 | -1.3% | -10.4% |
| Premium Sporty Car | PSC | 41083 | -0.3% | 36237 | -2.2% | 35443 | -3.8% | -13.7% |
| Mid-Size Luxury CUV/SUV | LMU | 26478 | -0.2% | 22528 | -2.0% | 22070 | -2.8% | -16.7% |
| Sub-Compact Car | SBC | 7568 | +0.2% | 6931 | -1.7% | 6811 | -2.7% | -10.0% |
| Compact Crossover/SUV | CSU | 14409 | +0.0% | 13104 | -1.6% | 12890 | -1.8% | -10.5% |
| Small Pickup | SPT | 23217 | -0.2% | 22276 | -1.6% | 21930 | -1.3% | -5.5% |
| Compact Luxury CUV/SUV | LCU | 23744 | -0.7% | 19967 | -1.4% | 19680 | -3.3% | -17.1% |
| Full-Size Pickup | FPT | 27590 | +0.4% | 25336 | -1.2% | 25034 | -0.2% | -9.3% |
| Full-Size Crossover/SUV | FSU | 31874 | +0.7% | 27187 | -0.9% | 26940 | -0.1% | -15.5% |
| Full-Size Van | FSV | 18909 | -0.4% | 17553 | -0.9% | 17394 | -2.4% | -8.0% |
| Compact Van | MVC | 12115 | +0.9% | 11476 | -0.9% | 11375 | +0.7% | -6.1% |
| Sub-Compact Luxury CUV | LXU | 18705 | -0.7% | 15571 | -0.6% | 15475 | -1.9% | -17.3% |
| Sub-Compact Crossover | SXU | 13088 | -0.1% | 11979 | -0.4% | 11926 | -0.7% | -8.9% |