Domestic cars depreciated -2.3%; import cars were -1.7%; domestic trucks were -2.3%; and import trucks were -1.7%. Average pre-recession depreciation is historically between -1% and -2% monthly.
Compact Pickups and Prestige Luxury Cars led all segments with the strongest monthly retention at +0.7%, the only two segments with a positive change.
Compact Pickups finished January with an average wholesale value of $15,215, a -6.7% change from year-ago levels ($16,303). Vehicles in this segment include the Nissan Frontier, Mazda Pickup, Ford Ranger, and Toyota Tacoma.
Prestige Luxury Cars finished January with an average wholesale value of $34,796, a -17.3% change from year-ago levels ($42,051). This segment tied with the Entry Mid-Sized-Cars with the largest YOY depreciation change. Vehicles in the Prestige Luxury Cars segment include the BMW 7-Series, Audi A8, Mercedes-Benz S-Class, Lexus G Series, and Jaguar XJ.
Cargo Minivans led all segments with the strongest monthly depreciation at -4.0%. Vehicles in this segment finished with an average wholesale value of $9,386, a -14.4% change from year ago levels ($10,961). Vehicles in this segment include the Dodge Caravan and Chevrolet Uplander.
The top three segments with the largest depreciation percentage change during January were all truck segments: Cargo Mini Vans (-4.0%); Full-Size SUVs (-3.4%); and Passenger Minivans (-3.2%).
Here is the complete breakdown of Black Book-recorded January value changes of used cars (2008-2012):
| Bodystyle | Seg | Veh Type |
2/1/13 |
1/1/14 |
M Chg |
2/1/14 |
12M Chg |
| [$] | [$] | [%] | [$] | [%] | |||
| All Vehicles |
$21,078 |
$18,575 |
-1.9% |
$18,218 |
-13.6% |
||
| Domestic |
$14,449 |
$12,605 |
-2.3% |
$12,316 |
-14.8% |
||
| Dom. Trk |
$19,337 |
$17,403 |
-2.3% |
$17,000 |
-12.1% |
||
| Import |
$22,577 |
$19,470 |
-1.7% |
$19,130 |
-15.3% |
||
| Imp. Trk |
$23,527 |
$21,081 |
-1.7% |
$20,714 |
-12.0% |
||
| Mini Van Cargo | MVC | Trk |
$10,961 |
$9,777 |
-4.0% |
$9,386 |
-14.4% |
| Full-Size SUV | FSU | Trk |
$22,984 |
$21,139 |
-3.4% |
$20,430 |
-11.1% |
| Mini Van Wagon (Pass) | MVW | Trk |
$14,856 |
$13,160 |
-3.2% |
$12,745 |
-14.2% |
| Luxury Level Car | LLC |
$23,993 |
$21,109 |
-2.8% |
$20,520 |
-14.5% |
|
| Entry Mid-Size Car | EMC |
$12,836 |
$10,899 |
-2.6% |
$10,611 |
-17.3% |
|
| Upper Mid-Size Car | UMC |
$12,950 |
$11,321 |
-2.6% |
$11,023 |
-14.9% |
|
| Compact Car | SCC |
$10,807 |
$9,359 |
-2.4% |
$9,130 |
-15.5% |
|
| Entry Level Car | ELC |
$8,918 |
$7,583 |
-2.4% |
$7,399 |
-17.0% |
|
| Near Luxury Car | NLC |
$20,807 |
$18,228 |
-2.3% |
$17,812 |
-14.4% |
|
| Compact CUV | CXU | Trk |
$15,323 |
$13,276 |
-2.2% |
$12,981 |
-15.3% |
| Full-Size Car | FSC |
$14,863 |
$12,715 |
-2.2% |
$12,436 |
-16.3% |
|
| Mid-Size CUV | MXU | Trk |
$21,861 |
$19,228 |
-2.1% |
$18,815 |
-13.9% |
| Mid-Size Pickup | MPT | Trk |
$18,268 |
$17,239 |
-2.0% |
$16,889 |
-7.5% |
| Luxury SUV | LSU | Trk |
$39,078 |
$35,144 |
-2.0% |
$34,437 |
-11.9% |
| Premium Sporty Car | PSC |
$52,889 |
$46,728 |
-2.0% |
$45,791 |
-13.4% |
|
| Mid-Size SUV | MSU | Trk |
$20,617 |
$18,370 |
-2.0% |
$18,005 |
-12.7% |
| Compact SUV | CSU | Trk |
$17,228 |
$16,248 |
-1.8% |
$15,963 |
-7.3% |
| Full-Size Van Cargo | FVC | Trk |
$14,232 |
$12,595 |
-1.7% |
$12,384 |
-13.0% |
| Full-Size Pickup | FPT | Trk |
$24,758 |
$23,548 |
-1.6% |
$23,165 |
-6.4% |
| Sporty Car | ESC |
$21,959 |
$18,920 |
-1.6% |
$18,626 |
-15.2% |
|
| Full-Size Vans Wagon (Pass) | FVW | Trk |
$14,847 |
$12,981 |
-1.4% |
$12,804 |
-13.8% |
| Full-Size CUV | FXU | Trk |
$25,152 |
$21,487 |
-1.3% |
$21,200 |
-15.7% |
| Prestige Luxury Car | PLC |
$42,051 |
$34,564 |
0.7% |
$34,796 |
-17.3% |
|
| Compact Pickup | CPT | Trk |
$16,303 |
$15,106 |
0.7% |
$15,215 |
-6.7% |
