LAWRENCEVILLE, Ga. (April 18, 2018) – According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -0.4%, an improvement from February’s level of -1.1% due to a continued stronger-than-expected spring selling season. Cars increased in value by +0.6%, while trucks decreased -1.1%. All vehicles are averaging a 12-month change of -15.0%.
For the second-straight month, Sub-Compact Luxury CUVs showed the largest depreciation in March at -2.6% (February showed -2.8%). Vehicles in Sub-Compact Luxury Crossover segment include the Audi Q3, BMW X1, Mercedes Benz GLA Class, and the Mini Cooper Countryman. Vehicles in this segment finished March with an average price of $14,727, a -21.0% change from year-ago levels.
Including Sub-Compact Luxury CUVs, trucks represented the top five largest depreciating segments: Compact Luxury CUV/SUV (-2.5%); Full-Size Crossover/SUV (-2.3%); Full-Size Luxury CUV/SUV (-1.8%); and Mid-Size Luxury CUV/SUV (-1.6%).
Compact Cars finished the month with the strongest retention at +2.5%. 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 the month with an average price of $8,012, a -14.3% change from a year ago. Sub-Compact Cars (+1.3%) and Sporty Cars (+1.0%) also increased by at least +1.0% on the month.
The only truck segment to show an increase during March was Compact Crossover/SUV at +0.1%. Vehicles in the Compact Crossover/SUV segment include the Ford Escape, Chevrolet Equinox, Honda CR-V, Nissan Rogue, Toyota Rav4 and the Jeep Wrangler. Vehicles in this segment finished March with an average price of $11,758, a -14.0% change from a year ago.
“Spring continues to show a strong quarter for many smaller car segments, mostly because these vehicles are being offered at a great value at auction,” said Executive Vice President, Operations at Black Book. “This level of activity is expected to last just a few more weeks before depreciation trends return to a more normal pattern, particularly for cars.”
|
4/1/17 |
3/1/18 |
1M Chg |
4/1/18 |
3M Chg | 12M Chg | ||
| Category | Seg | $ | $ | % | $ | % | % |
| All Vehicles |
16,148 |
13,786 |
-0.4% |
13,729 |
-4.1% |
-15.0% |
|
| Car |
12732 |
10529 |
+0.6% |
10587 |
-3.1% |
-16.8% |
|
| Truck |
20008 |
17465 |
-1.1% |
17278 |
-4.7% |
-13.6% |
|
| Domestic Car |
11773 |
9947 |
+1.3% |
10078 |
-1.3% |
-14.4% |
|
| Domestic Truck |
20101 |
17792 |
-1.1% |
17588 |
-5.2% |
-12.5% |
|
| Import Car |
13247 |
10842 |
+0.2% |
10861 |
-3.9% |
-18.0% |
|
| Import Truck |
19860 |
16945 |
-1.0% |
16783 |
-4.0% |
-15.5% |
|
| Sub-Compact Luxury CUV | LXU |
18639 |
15122 |
-2.6% |
14727 |
-7.0% |
-21.0% |
| Compact Luxury CUV/SUV | LCU |
23976 |
19628 |
-2.5% |
19147 |
-6.1% |
-20.1% |
| Full-Size Crossover/SUV | FSU |
29166 |
25240 |
-2.3% |
24660 |
-7.0% |
-15.5% |
| Full-Size Luxury CUV/SUV | LFU |
40850 |
34490 |
-1.8% |
33882 |
-5.4% |
-17.1% |
| Mid-Size Luxury CUV/SUV | LMU |
25504 |
21262 |
-1.6% |
20925 |
-5.0% |
-18.0% |
| Luxury Car | LLC |
23369 |
18983 |
-1.5% |
18692 |
-7.0% |
-20.0% |
| Full-Size Pickup | FPT |
24968 |
22992 |
-1.3% |
22682 |
-5.1% |
-9.2% |
| Premium Sporty Car | PSC |
41655 |
34902 |
-1.3% |
34465 |
-5.0% |
-17.3% |
| Mid-Size Crossover/SUV | MSU |
18964 |
16272 |
-1.1% |
16101 |
-4.4% |
-15.1% |
| Minivan | MVW |
16886 |
14394 |
-0.8% |
14272 |
-5.7% |
-15.5% |
| Full-Size Van | FSV |
18308 |
16746 |
-0.8% |
16614 |
-2.9% |
-9.3% |
| Prestige Luxury Car | PLC |
38532 |
31055 |
-0.8% |
30813 |
-3.6% |
-20.0% |
| Near Luxury Car | NLC |
18523 |
15089 |
-0.7% |
14989 |
-6.6% |
-19.1% |
| Small Pickup | SPT |
22284 |
20251 |
-0.6% |
20139 |
-3.2% |
-9.6% |
| Compact Crossover/SUV | CSU |
13674 |
11744 |
+0.1% |
11758 |
-3.3% |
-14.0% |
| Compact Van | MVC |
11187 |
10094 |
+0.2% |
10116 |
-3.1% |
-9.6% |
| Mid-Size Car | MSC |
11509 |
9452 |
+0.5% |
9497 |
-1.9% |
-17.5% |
| Full-Size Car | FSC |
14439 |
12378 |
+0.6% |
12447 |
-2.9% |
-13.8% |
| Sub-Compact Crossover | SXU |
12494 |
10434 |
+0.7% |
10511 |
-3.4% |
-15.9% |
| Sporty Car | SPC |
13597 |
11368 |
+1.0% |
11481 |
-2.8% |
-15.6% |
| Sub-Compact Car | SBC |
7187 |
5936 |
+1.3% |
6013 |
-0.8% |
-16.3% |
| Compact Car | CPC |
9349 |
7816 |
+2.5% |
8012 |
-0.8% |
-14.3% |