According to Black Book® data, the average price of a used vehicle for model years 2011-2015 depreciated by -1.7% during June, following light depreciation (-0.5%) in May. Cars overall saw noticeably higher depreciation at -2.2%, compared with trucks, which saw just -1.3% on the month. All vehicles are averaging a 12-month depreciation change of -15.4%, in line with pre-recession rates.

Sub-Compact Luxury Utilities saw the highest depreciation during June at -3.5%. Vehicles in this segment include the Audi Q3, BMW X1, Mercedes-Benz G Class, and the Mini Cooper Countrymen. Vehicles in this segment finished the month with an average price of $17,998, a -19.9% change from year-ago levels.

Small Pickups saw the best retention during the month at +0.1%, the only segment to see a change in positive levels. Vehicles in this segment include the Chevy Colorado, Dodge Dakota, Ford Explorer Sport Trac, and the Toyota Tacoma. Vehicles in this segment finished the month with an average price of $19,601, a -6.9% change from a year ago (best 12-month retention).

Where Is Depreciation The Heaviest

Four segments in particular have shown greater than -5.0% depreciation over the last three months. These segments include the Prestige Luxury Cars (-5.6%), the Compact Vans (-5.5%), the Sub-Compact Cars (-5.4%), and the Luxury Cars (-5.1%). Two more small-vehicle segments are close behind (Compact Luxury Utilities at -4.6%; and the Compact Cars at -4.6%).

“The overall monthly depreciation rate is showing typical seasonal patterns as we approach the mid-summer part of the calendar,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Furthermore, in looking at the heaviest of depreciation in recent months, it’s interesting to see a few luxury categories listed among the smaller-vehicle segments.”

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.

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