LAWRENCEVILLE, Ga. (March 13, 2018) – According to Black Book® data, the average price of a used vehicle for model years 2012-2016 depreciated in value by -1.1%, significantly better than January’s level of -2.6% due to a spirited start to the spring selling season. Cars decreased -0.7%, while trucks decreased -1.4%. All vehicles are averaging a 12-month change of -14.9%.
Sub-Compact Luxury CUVs showed the highest depreciation in February at -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 February with an average price of $15,122, a -19.7% change from year-ago levels.
Compared to February’s highest depreciation in the Sub-Compact Luxury Crossovers at -2.8%, the previous month saw six total segments finish with -3.0% or higher depreciation. In February, just four total segments finished with -2.0% or higher: Near Luxury Cars (-2.6%); Full-Size Crossover/SUV (-2.3%); and Luxury Cars (-2.1%).
Sub-Compact Cars finished February increasing in price by +0.8%. Vehicles in the Sub-Compact Car segment include the Chevrolet Sonic, Ford Fiesta, Honda Fit, Toyota Yaris, Nissan Versa, Kia Soul and the Hyundai Accent. Vehicles in this segment finished the month with an average price of $5,936, a -17.8% change compared with a year ago.
Four of the top-performing segments in February were cars, and three of those finished with increasing values, including Sub-Compact Cars: Compact Cars (+0.2%); Mid-Size Cars (+0.1%); and Full-Size Cars (-0.5%).
“February’s start of the spring selling season was only slightly off the mark set last year at -0.8% on the month, but it was still a very impressive month, particularly for a handful of car segments,” said Anil Goyal, Executive Vice President, Operations at Black Book. “Our auction personnel will have a watchful eye in the days and weeks to come to see if activity heats up further despite the winter storms in the north, and to see which car and truck segments continue to get a lot of looks by dealers and remarketers.”
|3/1/17||2/1/18||1M Chg||3/1/18||3M Chg||12M Chg|
|Sub-Compact Luxury CUV||LXU||18830||15551||-2.8%||15122||-8.9%||-19.7%|
|Near Luxury Car||NLC||18776||15494||-2.6%||15089||-8.1%||-19.6%|
|Full-Size Luxury CUV/SUV||LFU||41474||35175||-1.9%||34490||-6.6%||-16.8%|
|Premium Sporty Car||PSC||42202||35538||-1.8%||34902||-6.0%||-17.3%|
|Mid-Size Luxury CUV/SUV||LMU||25845||21577||-1.5%||21262||-7.0%||-17.7%|
|Compact Luxury CUV/SUV||LCU||24328||19860||-1.2%||19628||-7.2%||-19.3%|
|Prestige Luxury Car||PLC||39568||31409||-1.1%||31055||-4.8%||-21.5%|
Author: 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 BlackBookAuto.com or call 800.554.1026.