SUVs Show Strong Retention Values in July

August 21, 2013
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According to data from Black Book, used vehicles model-years 2007-2011 overall depreciated -1.4 percent in July, slightly more than the -1.3 percent pace in June and -1 percent level in May. Domestic cars depreciated -1.5 percent; import cars were -1.4 percent; domestic trucks were -1.4 percent; and import trucks were -1.3 percent. Average pre-recession depreciation is historically between -1 percent and -2 percent monthly.

  • SUVs enjoyed among the strongest depreciation recorded across all segments. All four SUV segments, Compact, Full-size, Luxury and Mid-size, were four of the top seven best-performing segments for depreciation during July.
  • Compact SUVs had the strongest month for retention, with values actually increasing 1.3 percent during the month. Vehicles in this segment include the Jeep Wrangler and Nissan Xterra. Average segment values at the end of July were $15,795, a -4-percent change from the same time last year ($16,460).
  • Cargo minivans saw the largest monthly depreciation, dropping -3.4 percent of value. Vehicles in this category include the Dodge Caravan, Ford Freestar, Dodge Grand Caravan, Ford Transit and Chevrolet Uplander. Average segment values at the end of July were $9,240, a -12.7 percent change from the same time last year ($10,588).
  • The car segment with the strongest depreciation change during July was the Premium Sporty Cars at -0.9 percent. Vehicles in this segment include the BMW 6-Series, Porsche 911, Mercedes-Benz C Class, BMW M6, Audi R8, Jaguar XK, and Cadillac XLR. Average segment values at the end of July were $42,152, a -15-percent change from the same time last year ($49,590).
  • The car segment with the largest depreciation change during July was the Upper Mid-size Cars at -2.6 percent. Vehicles in this segment include the Honda Accord, Nissan Altima, Toyota Camry, Dodge Charger, For Taurus and Kia Optima. Average segment values at the end of July were $10,349, a -17.6-percent drop from year ago levels ($12,556).

Here is the complete breakdown of July value changes of used cars (2007-2011):

Bodystyle

8/1/12

7/1/13

M Chg

8/1/13

12M Chg

 

[$]

[$]

[%]

[$]

[%]

All Vehicles

$20,166

$17,696

-1.4%

$17,455

-13.4%

 

 

 

 

 

 

Domestic

$14,093

$12,083

-1.5%

$11,901

-15.6%

Dom. Trk

$17,177

$15,825

-1.4%

$15,610

-9.1%

Import

$22,157

$18,991

-1.4%

$18,727

-15.5%

Imp. Trk

$22,979

$20,214

-1.3%

$19,952

-13.2%

 

 

 

 

 

 

Compact SUV

$16,460

$15,595

1.3%

$15,795

-4.0%

Compact Pickup

$15,611

$14,956

0.0%

$14,949

-4.2%

Full-Size Pickup

$23,143

$22,205

-0.8%

$22,035

-4.8%

Premium Sporty Car

$49,590

$42,551

-0.9%

$42,152

-15.0%

Full-Size SUV

$21,066

$19,053

-1.0%

$18,871

-10.4%

Luxury SUV

$36,772

$32,330

-1.1%

$31,981

-13.0%

Mid-Size SUV

$18,710

$16,934

-1.2%

$16,732

-10.6%

Near Luxury Car

$17,442

$15,021

-1.3%

$14,832

-15.0%

Full-Size CUV

$23,890

$20,153

-1.3%

$19,896

-16.7%

Sporty Car

$21,772

$19,008

-1.3%

$18,764

-13.8%

Luxury Level Car

$23,804

$20,769

-1.3%

$20,497

-13.9%

Prestige Luxury Car

$38,970

$32,814

-1.3%

$32,382

-16.9%

Compact Car

$10,475

$8,765

-1.4%

$8,644

-17.5%

Mid-Size Pickup

$16,351

$15,630

-1.4%

$15,413

-5.7%

Mid-Size CUV

$20,751

$17,985

-1.6%

$17,698

-14.7%

Mini Van Wagon (Pass)

$15,090

$12,974

-1.6%

$12,760

-15.4%

Full-Size Car

$14,394

$12,331

-1.8%

$12,106

-15.9%

Entry Level Car

$8,899

$7,543

-1.9%

$7,398

-16.9%

Compact CUV

$14,935

$13,140

-2.0%

$12,871

-13.8%

Full-Size Vans Wagon (Pass)

$13,731

$12,541

-2.1%

$12,278

-10.6%

Full-Size Van Cargo

$12,846

$11,822

-2.2%

$11,556

-10.0%

Entry Mid-Size Car

$11,891

$9,690

-2.5%

$9,449

-20.5%

Upper Mid-Size Car

$12,556

$10,620

-2.6%

$10,349

-17.6%

Mini Van Cargo

$10,588

$9,560

-3.4%

$9,240

-12.7%

Tags: Black Book

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