Sub-Compact Cars Depreciate -26.1% Last 12 Months
LAWRENCEVILLE, Ga. (June 6, 2016) – According to Black Book® data, the average price of a used vehicle for model years 2010-2014 depreciated by -0.5% during May. Cars overall saw slightly higher depreciation during May at -1.0%, compared with trucks, which saw just -0.2% on the month.
Sub-Compact Cars saw the largest segment depreciation during May at -2.4%. Vehicles in this segment include the Ford Fiesta, Hyundai Accent, Kia Soul, Chevrolet Sonic, Fiat 500 and the Nissan Versa. Vehicles in this segment finished the month with an average price of $6,683, a -26.1% change from year-ago levels ($9,048).
Minivans saw their segment values unchanged during the month. Vehicles in this segment include the Chrysler Town and Country, Kia Sedona, Dodge Grand Caravan, Nissan Quest and Toyota Sienna. Vehicles in this segment finished the month with an average price of $15,206 a -17.2% change from year-ago levels ($18,356).
Four vehicle segments saw value increases during the month, including Full-Size Car (+0.1%), Full-Size Pickup (+0.1%), Sporty Car (+0.2%) and Sub-Compact Luxury CUV (+0.3%).
“Now that summer is quickly approaching, it is not surprising to see in-demand segments such as Sporty Cars and Sub-compact Luxury Utilities see better demand and retention at the auctions currently,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “We anticipate that this summer will see its usual pattern of higher depreciation settling in for most cars and even slightly higher patterns for certain truck segments due to higher volume.”
Here is the complete breakdown of Black Book-recorded March value changes of used vehicles (2010-2014):
| 6/1/16 | 5/1/16 | 1M Chg | 6/1/15 | 12M Chg | ||
| Vehicle Segment | Seg | $ | $ | % | $ | % |
| All Vehicles | 14,432 | 14,511 | -0.5% | 17,303 | -16.6% | |
| Car | 11,326 | 11,440 | -1.0% | 14,145 | -19.9% | |
| Truck | 18,001 | 18,039 | -0.2% | 20,931 | -14.0% | |
| Domestic Car | 10,351 | 10,372 | -0.2% | 12,705 | -18.5% | |
| Domestic Truck | 18,007 | 18,009 | +0.0% | 20,855 | -13.7% | |
| Import Car | 11,875 | 12,042 | -1.4% | 14,956 | -20.6% | |
| Import Truck | 17,992 | 18,085 | -0.5% | 21,047 | -14.5% | |
| Sub-Compact Car | SBC | 6,683 | 6,844 | -2.4% | 9,048 | -26.1% |
| Compact Van | MVC | 10,017 | 10,240 | -2.2% | 13,354 | -25.0% |
| Compact Car | CPC | 8,070 | 8,203 | -1.6% | 10,425 | -22.6% |
| Luxury Car | LLC | 20,153 | 20,474 | -1.6% | 25,365 | -20.5% |
| Prestige Luxury Car | PLC | 35,160 | 35,682 | -1.5% | 43,428 | -19.0% |
| Mid-Size Car | MSC | 9,496 | 9,603 | -1.1% | 11,711 | -18.9% |
| Mid-Size Luxury CUV/SUV | LMU | 22,527 | 22,737 | -0.9% | 27,237 | -17.3% |
| Compact Luxury CUV/SUV | LCU | 21,369 | 21,525 | -0.7% | 25,706 | -16.9% |
| Sub-Compact Crossover | SXU | 12,216 | 12,303 | -0.7% | 14,654 | -16.6% |
| Full-Size Van | FSV | 19,452 | 19,581 | -0.7% | 22,062 | -11.8% |
| Premium Sporty Car | PSC | 41,229 | 41,479 | -0.6% | 48,654 | -15.3% |
| Full-Size Luxury CUV/SUV | LFU | 33,033 | 33,185 | -0.5% | 38,730 | -14.7% |
| Full-Size Crossover/SUV | FSU | 24,502 | 24,603 | -0.4% | 26,841 | -8.7% |
| Near Luxury Car | NLC | 16,452 | 16,514 | -0.4% | 20,427 | -19.5% |
| Small Pickup | SPT | 18,327 | 18,383 | -0.3% | 20,112 | -8.9% |
| Mid-Size Crossover/SUV | MSU | 16,419 | 16,461 | -0.3% | 19,204 | -14.5% |
| Compact Crossover/SUV | CSU | 12,846 | 12,862 | -0.1% | 15,272 | -15.9% |
| Minivan | MVW | 15,206 | 15,199 | +0.0% | 18,356 | -17.2% |
| Full-Size Car | FSC | 12,940 | 12,929 | +0.1% | 15,430 | -16.1% |
| Full-Size Pickup | FPT | 22,180 | 22,149 | +0.1% | 25,165 | -11.9% |
| Sporty Car | SPC | 14,050 | 14,029 | +0.2% | 17,165 | -18.1% |
| Sub-Compact Luxury CUV | LXU | 16,801 | 16,748 | +0.3% | 20,654 | -18.7% |
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