Small Pickups Show Low Depreciation, Value Gain

Over the past three months, two segments have shown unchanged value or an increase in overall value: Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

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July 17, 2017

Small Pickups Show Low Depreciation, Value Gain — According to *Black Book* data, the average price of a used-vehicle for model-years 2012-2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May. Trucks overall decreased 0.8% in value during June.
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Over the past three months, two vehicle segments have shown unchanged value or an increase in overall value. Full-Size Pickups are unchanged, and Small Pickups have gained +0.2% in value.

According to Black Book data, the average price of a used-vehicle for model-years 2012-2016 decreased in value 1.3%, slightly more than the 1.2% decrease in May. Trucks overall decreased 0.8% in value during June.

In June, Small Pickups had the lowest monthly depreciation at 0.1%. Vehicles in the Small Pickup segment include the Toyota Tacoma, Chevrolet Colorado, GMC Canyon, Nissan Frontier and the Honda Ridgeline. Vehicles in this segment finished June with an average price of $21,328, a 7.3% decline from a year ago.

“Falling gas prices in the month of June resulted in pockets of strength in used vehicle valuations,” said Anil Goyal, Senior Vice President of Automotive Valuation and Analytics. “Pickup trucks and large utilities have been strong so far this year while small cars have continued to drop, but the remainder of 2017 is expected to show differing trends in terms of vehicle retention strength.”

	7/1/2016	6/1/2017	1-Month Change	7/1/2017	3-Month Change	12-Month Change
Category	$	$	%	$	%	%
All Vehicles	18,357	15,483	-1.30%	15,288	-2.30%	-16.70%

Truck	22,444	19,352	-0.80%	19202	-1.70%	-14.40%

Domestic Truck	22,018	19,200	-0.70%	19071	-1.00%	-13.40%
Import Truck	23,245	19,639	-1.00%	19448	-3.00%	-16.30%

Compact Van	13,233	10,742	-1.30%	10601	-2.50%	-19.90%
Full-Size Van	20,680	17,596	-0.90%	17428	-3.40%	-15.70%
Mid-Size Crossover/SUV	20,976	17,756	-0.90%	17600	-2.30%	-16.10%
Compact Luxury CUV/SUV	26,887	22,599	-0.80%	22414	-3.40%	-16.60%
Mid-Size Luxury CUV/SUV	30,762	25,219	-0.70%	25034	-3.00%	-18.60%
Full-Size Pickup	26,405	24,488	-0.60%	24349	0.00%	-7.80%
Full-Size Luxury CUV/SUV	46,318	38,401	-0.60%	38187	-2.90%	-17.60%
Full-Size Crossover/SUV	33,966	29,963	-0.10%	29932	-0.30%	-11.90%
Small Pickup	23,019	21,347	-0.10%	21328	0.20%	-7.30%