LAWRENCEVILLE, Ga. (June 8, 2017) – According to Black Book® data, the average price of a used vehicle for model years 2011-2015 decreased in value -1.2% in May, a reversal from April when values actually increased 0.4%. Cars overall dropped -1.8%, and trucks decreased -0.9% in value during May. All vehicles are averaging a 12-month depreciation of -17.5%.
During May, Full-Size Pickups performed the strongest, with values increasing +0.2%. Vehicles in the Full-Size Pickup segment include the Chevrolet Silverado 1500, Ram 1500, and Ford F-150. Vehicles in this segment finished May with an average price of $22,260, a -9.7% change from year-ago levels.
Compact Cars saw the largest depreciation during May, falling -2.6% in value. Vehicles in this segment include the Chevrolet Cruze, Ford Focus, Honda Civic, Toyota Corolla and the Hyundai Elantra. Vehicles in this segment finished May with an average price of $7,860, a -1.3% change from year-ago levels.
Four vehicle segments had monthly depreciation worse than 2.0% in May: Compact Cars at -2.6%; Mid-Size Cars at -2.5%; Sub-Compact Cars at -2.5%; and Compact Luxury CUV/SUV at -2.2%.
Two vehicle segments increased in value during May: Full-Size Pickups at +0.2%; and Premium Sporty Cars at +0.1%.
“With spring now in our rearview mirror, it is expected we’ll begin to see depreciation pick up, particularly for car segments,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “That being said, it was interesting to see some car segments remain at the higher end of the retention spectrum for strength in values during May, and we’ll also be keeping an eye out for truck segments that see higher depreciation throughout the summer.”
Black Book Segment Depreciation Entering June 2017
| Mk/Mod | 6/1/16 | 5/1/17 | 1M Chg | 6/1/17 | 3M Chg | 12M Chg | ||
| Count | Category | Seg | $ | $ | % | $ | % | % |
| SUMMARY | ||||||||
| 1,404 | All Vehicles | 16,983 | 14,184 | -1.2% | 14,010 | -1.2% | -17.5% | |
| TYPES | ||||||||
| 725 | Car | 13556 | 10991 | -1.8% | 10798 | -1.5% | -20.3% | |
| 679 | Truck | 20772 | 17714 | -0.9% | 17563 | -1.1% | -15.4% | |
| ORIGINS | ||||||||
| 144 | Domestic Car | 12340 | 10025 | -1.5% | 9871 | +0.1% | -20.0% | |
| 298 | Domestic Truck | 20879 | 17987 | -0.4% | 17915 | -0.1% | -14.2% | |
| 581 | Import Car | 14248 | 11541 | -1.9% | 11325 | -2.2% | -20.5% | |
| 381 | Import Truck | 20609 | 17298 | -1.6% | 17028 | -2.5% | -17.4% | |
| SEGMENTS | ||||||||
| 129 | Compact Car | CPC | 9798 | 8071 | -2.6% | 7860 | -1.3% | -19.8% |
| 81 | Mid-Size Car | MSC | 11165 | 9222 | -2.5% | 8988 | -2.3% | -19.5% |
| 84 | Sub-Compact Car | SBC | 7687 | 6182 | -2.5% | 6027 | -1.8% | -21.6% |
| 43 | Compact Luxury CUV/SUV | LCU | 25448 | 20791 | -2.2% | 20332 | -3.4% | -20.1% |
| 9 | Sub-Compact Luxury CUV | LXU | 21797 | 17595 | -1.9% | 17263 | -2.9% | -20.8% |
| 106 | Compact Crossover/SUV | CSU | 15038 | 12578 | -1.6% | 12370 | -2.5% | -17.7% |
| 80 | Luxury Car | LLC | 24589 | 19229 | -1.5% | 18937 | -3.0% | -23.0% |
| 40 | Full-Size Car | FSC | 15153 | 12477 | -1.5% | 12292 | -0.4% | -18.9% |
| 80 | Full-Size Van | FSV | 20538 | 17424 | -1.4% | 17173 | -2.4% | -16.4% |
| 42 | Prestige Luxury Car | PLC | 44602 | 33676 | -1.4% | 33193 | -5.6% | -25.6% |
| 32 | Minivan | MVW | 18242 | 15350 | -1.4% | 15137 | -0.1% | -17.0% |
| 80 | Mid-Size Luxury CUV/SUV | LMU | 27283 | 22100 | -1.2% | 21827 | -2.8% | -20.0% |
| 51 | Full-Size Luxury CUV/SUV | LFU | 40430 | 33158 | -1.1% | 32795 | -3.5% | -18.9% |
| 13 | Compact Van | MVC | 12294 | 9878 | -1.1% | 9770 | +0.2% | -20.5% |
| 133 | Near Luxury Car | NLC | 19656 | 15485 | -1.0% | 15325 | -1.5% | -22.0% |
| 98 | Mid-Size Crossover/SUV | MSU | 18799 | 15547 | -1.0% | 15399 | -1.5% | -18.1% |
| 49 | Full-Size Crossover/SUV | FSU | 29422 | 25370 | -0.8% | 25160 | -0.3% | -14.5% |
| 24 | Small Pickup | SPT | 20506 | 18911 | -0.5% | 18811 | -0.3% | -8.3% |
| 87 | Sporty Car | SPC | 16131 | 13355 | -0.2% | 13325 | +2.8% | -17.4% |
| 10 | Sub-Compact Crossover | SXU | 13675 | 10920 | -0.1% | 10909 | -2.5% | -20.2% |
| 49 | Premium Sporty Car | PSC | 47088 | 38404 | +0.1% | 38438 | -1.2% | -18.4% |
| 84 | Full-Size Pickup | FPT | 24661 | 22223 | +0.2% | 22260 | +0.9% | -9.7% |
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.