LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2011-2015 depreciated by 2.3% during September, just slightly better than in August (-2.4%).
Cars overall saw lower retention in September, ending the month at -2.6% compared with -1.8% in August. Trucks finished at -2.0% in September. All vehicles are currently averaging a 12-month depreciation change of -16.6%.
Sporty cars and prestige luxury cars saw the highest depreciation during September, both at a rate of -3.7%. Vehicles in the sporty car segment finished the month with an average price of $14,398, a -17.5% change from year-ago levels ($17,445). Vehicles in the prestige luxury car segment ended September with an average price of $14,398, a -17.5% change from year-ago levels ($17,445).
Sub-compact luxury CUVs saw the strongest retention during August at -1.2%. Vehicles in this segment finished the month with an average price of $19,557, a -17.8% change from a year ago ($23,793).
There were eight other segments besides sub-compact luxury cars that saw a retention rate of -1.9% or above. Those segments were full-size pickups (-1.9%), compact crossovers (-1.9%), mid-size luxury CUV/SUV (-1.9%), sub-compact car (-1.9%), full-size luxury CUV/SUV (-1.7%), compact luxury CUV/SUV (-1.7%), small pickup (-1.6%) and sub-compact crossover (-1.5%).
“This past month all segments seemed to have retained their values slightly better than they did the previous month,” said Anil Goyal, senior vice president of automotive valuation and analytics. “This is likely due to typical market fluctuation, however it appears as though some truck segments are beginning to feel more depreciation than in recent months.”