LAWRENCEVILLE, Ga. (June 15, 2018) – 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% |