Depreciation On Pace to Reach 14% by Year-End, Black Book Reports
LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2010-2014, according to Black Book, declined 1.5% in September, relatively unchanged from the 1.6% decline in August. Cars declined 2.3%, while trucks declined just 1% during the month. According to the firm, average depreciation should approach pre-recession levels (between 15% and 18%) ... Read More »
LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2010-2014, according to Black Book, declined 1.5% in September, relatively unchanged from the 1.6% decline in August.
Cars declined 2.3%, while trucks declined just 1% during the month. According to the firm, average depreciation should approach pre-recession levels (between 15% and 18%) by year-end at 14%.
By vehicle segment, compact cars, including the Buick Verano, Chevrolet Cobalt, Chevrolet Cruze and Ford Focus, led the way with the highest depreciation in September at 3.7%. Vehicles in this segment finished September with an average segment price of $8,923, a 16.9% drop from a year ago ($10,739).
Full-Size SUVs, including the Chevrolet Suburban, Tahoe, Dodge Durango and Ford Expedition, and Full-Size Passenger Vans led all segments with the lowest depreciation in September at 0.5% each. Vehicles in this segment finished the month with an average price of $26,512, a 3.7% drop from year-ago levels ($27,530).
Compact Pickups recorded the lowest 12-month moving depreciation average at just-2.9%, a lower price drop than what compact cars have experienced in just the last 30 days.
Premium sporty cars led all car segments with the lowest depreciation in September at 1.2%. Vehicles in this segment include the Audi R8, BMW 6 Series, Cadillac XLR, Dodge Viper, and the Mercedes-Benz CL Class. They finished the month with an average segment price of $43,253, a 14.2% decline from a year ago ($50,387).
“Overall, vehicle depreciation continues to hold up well, especially as we near the part of the year where heavier price drops are typically expected,” said Anil Goyal, vice president of automotive valuation and analytics for Black Book. “It’s very telling of the disparity between cars and trucks to see that we have some truck segments showing lower annual depreciation than what cars are seeing on a monthly level.”
More Industry

Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →