BLACK BOOK MARCH DEPRECIATION REPORT SHOWS A CONTINUATION OF STRONG RETENTION FOR SEVERAL SMALLER CAR SEGMENTS

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%

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. 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, and the company maintains offices in Georgia, Florida, and Maryland. For more information, please visit BlackBook.com or call 800.554.1026.

BLACK BOOK MARCH DEPRECIATION REPORT SHOWS A CONTINUATION OF STRONG RETENTION FOR SEVERAL SMALLER CAR SEGMENTS

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