BLACK BOOK MAY DEPRECIATION REPORT SHOWS MANY CARS AND TRUCKS SETTLING INTO SUMMER DEPRECIATION PATTERNS

According to Black Book® data, the average price of a used vehicle for model years 2013-2017 decreased slightly in value -0.3% during May, with cars changing -0.7% and trucks -0.1%. All vehicles are averaging a 12-month change of -14.1%. This is trending better than May of last year, when 2- to 6-year old vehicles declined in value by -1.2%.

Despite the slight dip in total vehicle values last month, eight segments saw positive changes in May, led by Sporty Cars, up +1.1% in May. 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 May with an average price of $11,779, a -13.9% change from a year ago.

Sub-Compact Crossovers finished with the next highest change in valuation on the month (second straight month as strongest positive change for trucks), increasing by +0.7% in May. Vehicles in the Sub-Compact Crossover segment include the Buick Encore, Nissan Juke, Chevrolet Trax, Honda HR-V and the Jeep Renegade. Vehicles in this segment finished May with an average price of $10,698, a -13.8% change from a year ago.

Luxury cars finished with the highest depreciation on the month at -1.6%. Vehicles in the Luxury Car segment include the Mercedes Benz E-Class, BMW 5 Series, Cadillac CTS, Lexus GS 350, Audi A6 and the Jaguar XF. Vehicles in this segment finished with an average price of $18,215, a -10.8% change from year-ago levels.

Three other segments finished the month with a depreciation rate of -1.1% during May: Mid-Size Luxury CUV/SUV, Prestige Luxury Cars, and Near Luxury Cars.

“After a strong spring we are now beginning to see a higher depreciation pattern returning to many of the car and truck segments,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Unless demand driven by a strong economy continues to build, we expect the used vehicle market to begin seeing more depreciation as we get deeper into the summer months.”

Mk/Mod			6/1/17	5/1/18	1M Chg	6/1/18	3M Chg	12M Chg
Count	Category	Seg	$	$	%	$	%	%

SUMMARY
1,585	All Vehicles		16,006	13,798	-0.3%	13,750	-0.5%	-14.1%

TYPES
857	Car		12597	10742	-0.7%	10666	+1.1%	-15.3%
728	Truck		19870	17260	-0.1%	17244	-1.6%	-13.2%

ORIGINS
174	Domestic Car		11761	10247	-0.1%	10233	+2.9%	-13.0%
322	Domestic Truck		20063	17532	+0.0%	17528	-1.7%	-12.6%
683	Import Car		13045	11008	-1.0%	10899	+0.2%	-16.5%
406	Import Truck		19562	16828	-0.2%	16791	-1.3%	-14.2%

SEGMENTS
95	Luxury Car	LLC	22992	18516	-1.6%	18215	-4.0%	-20.8%
81	Mid-Size Luxury CUV/SUV	LMU	24973	20611	-1.1%	20378	-4.2%	-18.4%
54	Prestige Luxury Car	PLC	37720	30505	-1.1%	30165	-2.8%	-20.0%
159	Near Luxury Car	NLC	18351	15007	-1.1%	14840	-1.9%	-19.1%
110	Mid-Size Car	MSC	11235	9732	-1.0%	9639	+2.0%	-14.2%
53	Full-Size Luxury CUV/SUV	LFU	40001	33428	-0.9%	33134	-3.9%	-17.2%
151	Compact Car	CPC	9307	8210	-0.8%	8144	+4.2%	-12.5%
57	Compact Luxury CUV/SUV	LCU	23365	18918	-0.7%	18780	-4.3%	-19.6%
89	Full-Size Van	FSV	17904	16557	-0.5%	16468	-1.7%	-8.0%
13	Sub-Compact Luxury CUV	LXU	18314	14694	-0.4%	14629	-3.3%	-20.1%
96	Sub-Compact Car	SBC	7070	6041	-0.4%	6017	+1.4%	-14.9%
52	Full-Size Crossover/SUV	FSU	29075	24278	-0.3%	24210	-4.1%	-16.7%
103	Mid-Size Crossover/SUV	MSU	18745	16079	-0.2%	16042	-1.4%	-14.4%
55	Premium Sporty Car	PSC	41392	34236	-0.2%	34157	-2.1%	-17.5%
47	Full-Size Car	FSC	14463	12673	+0.1%	12688	+1.6%	-12.3%
20	Small Pickup	SPT	22323	20168	+0.1%	20194	-0.3%	-9.5%
85	Full-Size Pickup	FPT	25294	22873	+0.2%	22920	-1.7%	-9.4%
108	Compact Crossover/SUV	CSU	13436	11814	+0.2%	11839	+0.8%	-11.9%
32	Minivan	MVW	16879	14202	+0.3%	14245	-1.0%	-15.6%
19	Compact Van	MVC	11066	10143	+0.5%	10197	+1.0%	-7.9%
16	Sub-Compact Crossover	SXU	12412	10625	+0.7%	10698	+2.5%	-13.8%
90	Sporty Car	SPC	13680	11652	+1.1%	11779	+3.6%	-13.9%

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.

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Comment by Mark Nicholson on June 15, 2018 at 2:55pm: Other data suggests this should revert soon enough