Small Pickups Maintain Retention Strength; Sub-Compact Crossovers See Weakness
LAWRENCEVILLE, Ga. (November 3, 2016) – According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -2.9% in October, a noticeable single-month change from the -2.3% change during September. Cars overall saw lower retention in October, ending the month at -3.2% compared with –2.6% in September. Trucks as a whole finished at -2.6% in October. All vehicles are currently averaging a 12-month depreciation change of -16.8%.
Domestic cars are highlighting the typical accelerated depreciation typically felt entering the fourth quarter. Over the last three months, domestic cars have dropped -9.9% in value, averaging more than -3.0% per month over that time.
In October, Compact Cars saw the highest drop in value at -3.6%. Vehicles in this category include the Honda Accord, Ford Focus, Toyota Corolla, Hyundai Elantra, Chevrolet Cruze, and the Nissan Sentra. Vehicles in the Compact Car segment finished October averaging $8,393, a -19.8% change from a year ago ($10,464).
Small Pickups saw the strongest retention in value, dropping just -0.6% from the previous month. Vehicles in this segment include the Toyota Tacoma, Nissan Frontier, Chevrolet Colorado and the Honda Ridgeline. Trucks in the Small Pickups category finished October averaging $19,383, a -8.1% change from a year ago ($21,085).
Sporty Cars have dropped -10.2% in value over the last three months. However, Sub-Compact Crossovers have also dropped -10.1% during that span. Vehicles in the Sub-Compact Crossover segment include the Nissan Juke, Buick Encore, and the Chevrolet Trax.
“We expect pockets of vehicles to see accelerated depreciation as the year comes to a close,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Most car segments certainly fall into this category, but we’ll be paying special attention on those truck and utility segments that begin to show higher depreciation.”
|
11/1/15 |
10/1/16 |
1M Chg |
11/1/16 |
3M Chg | 12M Chg | ||
| Category | Seg | $ | $ | % | $ | % | % |
| All Vehicles |
18,167 |
15,554 |
-2.9% |
15,108 |
-7.2% |
-16.8% |
|
| Car |
14444 |
12049 |
-3.2% |
11664 |
-8.6% |
-19.2% |
|
| Truck |
22496 |
19631 |
-2.6% |
19114 |
-6.2% |
-15.0% |
|
| Domestic Car |
13013 |
11080 |
-3.9% |
10643 |
-9.9% |
-18.2% |
|
| Domestic Truck |
22716 |
19896 |
-2.9% |
19320 |
-6.3% |
-15.0% |
|
| Import Car |
15335 |
12651 |
-2.8% |
12299 |
-7.9% |
-19.8% |
|
| Import Truck |
22101 |
19157 |
-2.2% |
18745 |
-6.1% |
-15.2% |
|
| Compact Car | CPC |
10464 |
8709 |
-3.6% |
8393 |
-9.1% |
-19.8% |
| Sporty Car | SPC |
16981 |
14434 |
-3.5% |
13926 |
-10.2% |
-18.0% |
| Full-Size Car | FSC |
15807 |
13799 |
-3.2% |
13353 |
-8.7% |
-15.5% |
| Mid-Size Crossover/SUV | MSU |
19792 |
17325 |
-3.2% |
16769 |
-7.4% |
-15.3% |
| Compact Crossover/SUV | CSU |
16038 |
13811 |
-3.2% |
13368 |
-7.5% |
-16.6% |
| Mid-Size Car | MSC |
11730 |
10077 |
-3.2% |
9754 |
-7.8% |
-16.8% |
| Near Luxury Car | NLC |
21796 |
17785 |
-3.1% |
17233 |
-9.2% |
-20.9% |
| Minivan | MVW |
20027 |
16979 |
-3.0% |
16463 |
-7.3% |
-17.8% |
| Mid-Size Luxury CUV/SUV | LMU |
29548 |
25064 |
-3.0% |
24316 |
-7.2% |
-17.7% |
| Sub-Compact Crossover | SXU |
13860 |
11556 |
-3.0% |
11211 |
-10.1% |
-19.1% |
| Luxury Car | LLC |
28124 |
22081 |
-2.9% |
21434 |
-8.8% |
-23.8% |
| Sub-Compact Car | SBC |
8676 |
6907 |
-2.8% |
6711 |
-8.0% |
-22.6% |
| Sub-Compact Luxury CUV | LXU |
23958 |
19557 |
-2.7% |
19035 |
-5.3% |
-20.5% |
| Full-Size Crossover/SUV | FSU |
31109 |
27725 |
-2.7% |
26986 |
-6.6% |
-13.3% |
| Compact Van | MVC |
14313 |
11061 |
-2.6% |
10773 |
-8.3% |
-24.7% |
| Prestige Luxury Car | PLC |
48998 |
38955 |
-2.6% |
37946 |
-8.1% |
-22.6% |
| Full-Size Luxury CUV/SUV | LFU |
43578 |
36921 |
-2.4% |
36032 |
-6.8% |
-17.3% |
| Full-Size Van | FSV |
22328 |
19461 |
-2.3% |
19005 |
-5.9% |
-14.9% |
| Premium Sporty Car | PSC |
50916 |
42230 |
-2.2% |
41321 |
-6.7% |
-18.8% |
| Full-Size Pickup | FPT |
26355 |
23331 |
-2.2% |
22829 |
-4.6% |
-13.4% |
| Compact Luxury CUV/SUV | LCU |
27759 |
23442 |
-2.1% |
22957 |
-5.5% |
-17.3% |
| Small Pickup | SPT |
21085 |
19500 |
-0.6% |
19383 |
-3.7% |
-8.1% |
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.
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