LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2013-2017 decreased in value -1.0% during September, with cars changing -1.1% and trucks changing -1.0%, according to Black Book.
All vehicles are averaging a 12-month change of -13.9%, Black Book reports.
The only vehicle segment that saw a positive change during the month was sub-compact crossover (+0.4%). One segment finished the month with just a -0.1% change: full-size luxury CUV/SUV.
Vehicles in the sub-compact crossover segment include the Jeep Renegade, Mazda CX-3, Nissan Rogue, Buick Encore, and Honda HRV.
Vehicles in the full-size luxury CUV/SUV segment include the BMWX7, Audi Q7, Lexus LX 470, Mercedes-Benz G-Class, and Toyota Land Cruiser.
At Other End of Parking Lot
On the opposite end of the spectrum, two segments finished with the highest monthly depreciation: compact van (-2.2%) and luxury car (-1.9%), Black Book said.
Vehicles in the compact van segment include the Chevrolet City Express, Ford Transit Connect, Mercedes-Benz Metris, Nissan NV, Ram C/V, and Ram Promaster City.
Vehicles in the Luxury Car segment include the Acura RLX, Audi A7, BM 5-Series, Cadillac CT6, Lexus GS 350, Mercedes-Benz E-Class, and the Volvo S90.
“September has come in strong in the last couple of years. However, the values were softer in the month this year, consistent with previous seasonality trends,” said Anil Goyal, executive vice president, operations at Black Book. “The used vehicle values could see a steeper decline in Q4 if the demand slows as inventories on both new and used vehicles remain high.”