VEHICLE DEPRECIATION BEGINS TO PICK UP ENTERING JUNE

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.

VEHICLE DEPRECIATION BEGINS TO PICK UP ENTERING JUNE

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