LAWRENCEVILLE, Ga. (March 8, 2016) – According to Black Book® data, the average price of a used vehicle for model years 2010-2014 declined -1.1% during February. Cars declined -1.1% and trucks declined -1.2% during the month. 

Full-Size Pickups led all vehicle segments with the highest depreciation on the month at -2.7%. Vehicles in this segment include Chevrolet Silverado, Dodge Ram 1500, Ford F150, the Nissan Titan and the Toyota Tundra. Vehicles in this segment entered March with an average segment price of $22,502, a -6.3% drop from a year ago ($24,013).

Nineteen different car segments saw less than -2.0% depreciation this month. The top three segments with the lowest depreciation were Full-Size Cars (-0.3%), Compact Crossover/CUV (-0.1%) and Mid-Size Cars (0.0%). Vehicles in the Full-Size Car segment include the Hyundai Azera, the Mercury Grand Marquis, Toyota Avalon, Nissan Maxima and the Chevrolet Impala. This segment finished the month with an average price of $12,674, a -16.3% decrease from a year ago. Vehicles in the Compact Crossover/CUV segment include the Ford Escape, Honda CR-V, Jeep Cherokee and the Nissan Rouge. This segment ended the month with an average segment price of $12,978, a -14.6% decrease from last year.

Mid-Size Cars led all segments with the lowest depreciation at 0.0%. Vehicles in this segment include the Kia Optima, Ford Taurus, Honda Accord, Toyota Camry and the Volkswagen Passat. Vehicles in this segment finished February with an average segment price of $9,595, a -18.8% change from a year ago ($11,813). 

“Clearly the car segments have begun to pick up momentum as we inch closer to spring, especially mid-size cars and full-size cars,” said Anil Goyal, Senior Vice President, Automotive Valuation and Analytics for Black Book. “As we reach the pinnacle of spring it will be interesting to see if cars perform similarly to last year or if they experience less retention during the tax season.”

Here is the complete breakdown of Black Book-recorded February value changes of used vehicles (2010-2014):

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 as well as the Canadian Black Book in Toronto.