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NADA Used Car Guide, a division of J.D. Power | nada.com/b2b
2016 Used Vehicle Retained Value Report: 3-Year-Old Models
October 2016
NADA Used Car Guide and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power. ©2016 J.D. Power Licensed to J.D. Power
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
2
TABLE OF CONTENTS
Introduction ................................................................................................................................. 2
Highest Ranked Nameplates ........................................................................................................ 3
Highest Ranked Models ............................................................................................................... 3
Segment Rankings ........................................................................................................................ 6
At NADA Used Car Guide ............................................................................................................. 27
2016 Used Vehicle Retained Value Report: 3-Year-Old Models
INTRODUCTION
On average, depreciation—or the loss in value associated with advancing age and
mileage—is by far the number one expense associated with owning a vehicle.
Depreciation, and ultimately retained value, is determined by a variety of causes. Factors
such as reputation for quality and dependability, fuel economy and performance, and
vehicle design play critical roles in determining how well value is retained, as do new
vehicle pricing, incentive levels and production volumes.
High retaining models offer unmistakable benefits to automakers and consumers alike.
Strong value retention gives manufacturers a competitive advantage in both cost-of-
ownership and leasing (high retained value equals lower lease payments), while it allows
consumers to accrue positive equity quickly. This ultimately improves a consumer’s
purchase power when it’s time to buy again in the future.
With these points in mind, this edition of Perspective details the retention performance
of three-year-old (2013 model year) passenger cars and light-duty trucks. The retention
calculation is a function of a three month average of NADA Used Car Guide’s most recent
average trade-in value divided by a vehicle’s average typically-equipped Manufacturer
Suggested Retail Price (MSRP)1. Note that a vehicle’s rate of depreciation, and ultimately
retention, is in part a product of the level of discounting when new. As such, MSRPs do
not include any incentives or rebates available at the time of purchase.
1 In most cases, all vehicles within a model lineup were used to derive average retention. In some cases, however, certain vehicles –
predominantly lower volume performance cars – were omitted because they unreasonably skew overall model results.
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
3
Top Non-Luxury Nameplate: Toyota
Toyota vehicles dominated pickup truck, SUV and van segment value
retention in this year’s report. As a result, the brand ranked highest in their
respective segments six times with the FJ Cruiser (Compact Utility), 4Runner
(Mid-Size Utility), Tacoma (Mid-Size Pickup), Tundra (1/2 Ton Pickup), Sequoia
(Large SUV), and Sienna (Mid-Size Van). Toyota was also the top non-luxury
nameplate in 2015’s report with an equal share of highest segment rankings.
Following Toyota was Subaru, which recorded two highest-ranked finishes
including the XV Crosstrek (Compact Car) and Subaru Legacy (Mid-Size Car).
Top Luxury Nameplate: Land Rover
Land Rover replaced Audi as the top luxury nameplate in this year’s report. The brand
managed three highest rankings which include the Range Rover Evoque
(Luxury Subcompact Utility), LR4 (Luxury Mid-Size Utility), and Range Rover
(Luxury Large Utility).
Audi and Porsche followed Land Rover as each recorded two models with
highest-ranked finishes. Model finishes include Audi’s Allroad (Luxury
Compact Car) and Q5 (Luxury Compact Utility), and Porsche’s Panamera
(Luxury Large Car) and 911 (Luxury Sports Car).
Highest Value Retaining Non-Luxury Car: Subaru XV Crosstrek ̶— 63.3%
The XV Crosstrek was an all-new crossover vehicle from Subaru for the 2013
model year. Built on the Impreza’s platform, the XV offered more ground
clearance and practicality than its sibling, while also adding a level of
ruggedness today’s shoppers love. Value retention of a three-year-old
Crosstrek is currently 63.3%, a figure 16.8 percentage points higher than the
compact car segment average of 46.5%.
[ HIGHEST RANKED NAMEPLATES AND MODELS ]
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
4
Highest Value Retaining Luxury Car: Volvo XC70 ̶— 55.6%
Carried over for the 2013 model year, the Volvo XC70 was last redesigned in
2008, but that hasn’t hurt the model’s retention compared to other luxury
cars. While long in the tooth, the XC70 currently retains 55.6% of its original
price, which is 14.4 percentage points higher than the luxury mid-size car
segment average of 41.2%.
Highest Value Retaining Non-Luxury SUV/Truck: Toyota FJ Cruiser — 92.5%
The Toyota FJ Cruiser was relatively unchanged for 2013 and continued the
model’s reputation of being a true off-road capable SUV. The FJ’s 92.5%
retention value is astounding and higher than any other 2013 model year
vehicle. It is 41.9 percentage points above the compact utility segment
average of 50.7%.
Highest Value Retaining Luxury SUV/Truck: Land Rover Range Rover — 67.8%
The fourth-generation Land Rover Range Rover was all-new for the 2013
model year. The redesign of the off-road capable full-size luxury utility
retained the iconic look and heritage of its predecessors. Retention value of
the Range Rover is 15.8 percentage points higher than the luxury large SUV/
truck segment average of 52%.
[ HIGHEST RANKED NAMEPLATES AND MODELS CONTINUED]
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
5
Highest Value Retaining Non-Luxury Sports Car: Ford Mustang — 60.7%
Refreshed for the 2013 model year, the Ford Mustang’s 60.7% three-year-old
retention value is 9.4 percentage points higher than the sports car segment
average of 51.2%. Ford’s Mustang is a true pony car that utilizes a rear-wheel
drive layout. With V6 and V8 engine choices, this retro sports car is sure to
remain a favorite for many years to come.
Highest Value Retaining Luxury Sports Car: Porsche 911 (997) — 57.9%
Porsche’s 997 generation 911 was relatively unchanged for its final production year in
2013. Originally released in 2005, the 997 improved upon previous generation 911s
while maintaining its timeless looks. The 911’s retention score of 57.9%
earned it the highest finish in the luxury sports car segment, edging out its
sibling Boxster and 991 generation 911’s respective retention values by 2.8
and 3.9 points. The 911’s retention was also 7.7 percentage points higher than
the luxury sport car segment’s average 50.2%.
[ HIGHEST RANKED NAMEPLATES AND MODELS CONTINUED]
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
6
Subcompact Car Highlights
Subcompact Car retention averaged 37.5% over the report period, down 7.2%
percentage points from last year.
In 2015, the Scion xB ranked second behind the Honda Fit’s retention score of
57.5%. While this year the number one and two spots were a role reversal, in 2015’s
report the Scion xD ranked a similar third place with a retention score of 51.8%. This
year the xD performed slightly worse earning a retention score of 45.6%.
Similar to 2015’s report, the Fiat 500 and Smart FORTWO remained at the bottom of
the pack this year with respective retention scores of 30.8% and 24.8%, down 5.4
and 7.7 points compared to 2015.
[ SEGMENT RANKINGS]
24.8%
30.8%
33.8%
35.3%
35.6%
35.7%
36.4%
37.5%
38.6%
39.0%
40.0%
40.3%
41.6%
44.5%
45.6%
48.7%
51.9%
0% 10% 20% 30% 40% 50% 60%
Smart FORTWO
Fiat 500
Ford Fiesta
Mazda Mazda2
Chevrolet Spark
Scion iQ
Chevrolet Sonic
Segment Average
Kia Rio
Hyundai Accent
Nissan Versa
Toyota Yaris
Nissan Cube
Kia Soul
Scion xD
Honda Fit
Scion xB
16
15
14
13
12
11
10
SA9
87
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Subcompact Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
7
Compact Car Highlights
Compact Car retention averaged 46.5% over the report period, down 2.6 percentage
points from last year.
The Subaru Impreza was a stand out in 2015’s report and earned the Highest
Retaining Non-Luxury Car ranking; this year, however, the addition of the Subaru XV
Crosstrek to the segment bumped the Impreza from the top spot to second.
While the XV Crosstrek’s retention is a segment leading 63.3%, in 2015 the
Impreza’s retention score was an even higher 65.7%. For this year, however, the
Impreza’s score fell 8.8 points to 56.9%.
At the bottom of the pack, Suzuki’s SX4 retention fell 4.2 points to 29.5%, which is
8.5 points below the segment’s second lowest score of 38% (Mitsubishi Lancer).
[ SEGMENT RANKINGS]
29.5%
38.0%
38.1%
38.7%
40.0%
40.7%
41.5%
42.3%
44.7%
44.7%
45.0%
45.5%
46.2%
46.5%
46.5%
47.4%
48.0%
48.9%
56.9%
63.3%
0% 10% 20% 30% 40% 50% 60% 70%
Suzuki SX4
Mitsubishi Lancer
Ford Focus
Dodge Dart
Chevrolet Cruze
Buick Verano
Kia Forte
Volkswagen Jetta
Hyundai Elantra
Volkswagen Beetle
Nissan Sentra
Toyota Matrix
Volkswagen Golf
Hyundai Veloster
Segment Average
Toyota Corolla
Mazda Mazda3
Honda Civic
Subaru Impreza
Subaru XV Crosstrek
19
18
17
16
15
14
13
12
11
10
98
76
SA5
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Compact Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
8
Mid-Size Car Highlights
Mid-Size Car retention averaged 43.6% over the report period, down 1.6 percentage
points from last year.
Similar to last year, Subaru’s Legacy was the segment’s highest ranked model,
however, 2016’s 54% figure is 4.9 points lower than last year’s 58.9% number.
The Honda Accord managed to move up four spots to second place compared to
2015’s report. In 2016, three-year-old Accord retention reached 48.7%, up 2.4
points. The bump is due primarily to the model’s 2013 redesign.
At the bottom of the pack, Suzuki’s Kizashi retention fell 6.8 points to 26.7%, which
is 9.3 points below the segment’s second lowest value retention of 38% (Chrysler
200).
[ SEGMENT RANKINGS]
26.7%
36.0%
36.2%
37.7%
38.5%
39.8%
40.1%
40.6%
41.5%
41.8%
42.0%
43.6%
43.7%
45.1%
47.2%
48.7%
54.0%
0% 10% 20% 30% 40% 50% 60%
Suzuki Kizashi
Chrysler 200
Dodge Avenger
Volkswagen Passat CC
Mazda Mazda6
Volkswagen Passat
Buick Regal
Nissan Altima
Buick Lacrosse
Ford Fusion
Chevrolet Malibu
Segment Average
Hyundai Sonata
Toyota Camry
Kia Optima
Honda Accord
Subaru Legacy
16
15
14
13
12
11
10
98
76
SA5
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Mid-Size Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
9
Large Car Highlights
Large Car retention averaged 42.2% over the report period, down 4 percentage
points from last year.
The Dodge Charger maintained the top spot in this year’s report, beating out
Toyota’s Avalon by 2.5 points. Conversely, the Charger’s retention score is 1.3 points
lower than the same period in 2015.
Down the line, every vehicle in the segment with the exception of the Nissan
Maxima earned a lower retention score than in the same period in 2015.
The Nissan Maxima managed to move up three spots to third place with 43.3 % of
retained value for the period. The “Four-Door Sports Car” improved its retention
score by 2.2 points compared to the same period in our 2015 report.
[ SEGMENT RANKINGS]
30.6%
36.9%
40.9%
42.2%
42.7%
43.3%
50.3%
52.8%
0% 10% 20% 30% 40% 50% 60%
Chevrolet Impala
Ford Taurus
Hyundai Azera
Segment Average
Chrysler 300
Nissan Maxima
Toyota Avalon
Dodge Charger
76
5SA
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Large Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
10
Luxury Subcompact Car Highlights
Luxury Subcompact Car retention averaged 45.1% over the report period, down 3.2
percentage points from last year.
The BMW 1 Series improved its retention score by 1.5 points and secured the top
spot in the segment with a score of 47.2%.
Acura’s TSX earned the same 47% score as in 2015, followed by the Volvo C30,
which fell 3.9 points to 46.5%.
Volkswagen Group vehicles, the Audi A3 and VW Eos, each slotted in under the
segment average and were the worst performers in the segment. In 2015’s report,
the A3 secured the top spot with a retention score of 51.3%; a figure 7.4 points
above its current level.
[ SEGMENT RANKINGS]
36.1%
43.9%
45.1%
46.5%
47.0%
47.2%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%
Volkswagen Eos
Audi A3
Segment Average
Volvo C30
Acura TSX
BMW 1 Series
54
SA3
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Subcompact Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
11
Luxury Compact Car Highlights
Luxury Compact Car retention averaged 43.7% over the report period, down 2.5
percentage points from last year.
Audi’s Allroad wagon edged out the Lexus IS by 2 points and earned a best-in-class
retention score of 51.8%. In 2015, the IS ranked highest in the segment with a
retention score of 52.2%.
Retention scores of the Volvo C70, Audi A5, Lexus ES and Infiniti G all improved.
Remaining segment vehicles experienced slightly worse retention scores compared
to the same period in 2015.
At the bottom of the pack, Mercedes-Benz’s C-Class retention narrowly edged out
Cadillac’s ATS by .1 point. The ATS’ 37.2% score was the lowest in the segment.
[ SEGMENT RANKINGS]
37.2%
37.3%
39.0%
43.1%
43.7%
43.9%
44.5%
45.3%
46.1%
47.4%
48.7%
48.9%
49.2%
49.8%
51.8%
0% 10% 20% 30% 40% 50% 60%
Cadillac ATS
Mercedes-Benz C Class
Lincoln MKZ
Volvo S60
Segment Average
Acura ILX
BMW 3 Series
Acura TL
Infiniti G
Audi A4
Lexus ES
Audi A5
Volvo C70
Lexus IS
Audi Allroad
14
13
12
11
SA1
09
87
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Compact Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
12
Luxury Mid-Size Car Highlights
Luxury Mid-Size Car retention averaged 41.2% over the report period, down 1.9
percentage points from last year.
The top spot for this year’s highest retaining luxury car ranking is filled by the Volvo
XC70 with a retention score of 55.6%. The luxury mid-size vehicle also retains value
9.6 points ahead of the Audi A6 (46%). In 2015’s report, the XC70 also earned the
highest value retaining luxury car designation.
While the XC70 sits on top of the segment, the Volvo S80 is currently at the bottom
with only 35.9% of its original value retained. This figure is 4.5 points below the
vehicle’s score during the same period in 2015.
[ SEGMENT RANKINGS]
35.9%
38.1%
39.9%
40.4%
41.2%
41.4%
42.6%
42.8%
43.0%
43.9%
44.6%
46.0%
55.6%
0% 10% 20% 30% 40% 50% 60%
Volvo S80
Cadillac CTS
BMW 5 Series
BMW 6 Series
Segment Average
Mercedes-Benz E Class
Infiniti M
Jaguar XF
Hyundai Genesis
Lexus GS
Mercedes-Benz CLS Class
Audi A6
Volvo XC70
12
11
10
9SA
87
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Mid-Size Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
13
Luxury Large Car Highlights
Luxury Large Car retention averaged 42.4% over the report period, down 0.4
percentage point from last year.
Porsche’s Panamera and Audi’s A7 are currently tied for the highest ranked spot in
the segment. Each model currently retains at a rate of 49.5%. In 2015’s report, the
A7 ranked the highest at a rate of 55%, while the Panamera followed right behind
with a score of 48.1%.
Toward the bottom of the pack, the Hyundai Equus, BMW 7 Series and Lincoln MKS
failed to cross the 38% value retention threshold in this year’s report. Lincoln’s MKS
fell two spots — and 3.3 points — compared to the same period in 2015.
[ SEGMENT RANKINGS]
35.2%
36.7%
37.6%
38.5%
39.4%
42.0%
42.1%
42.4%
43.2%
44.6%
49.5%
49.5%
0% 10% 20% 30% 40% 50% 60%
Lincoln MKS
BMW 7 Series
Hyundai Equus
Mercedes-Benz CL Class
Cadillac XTS
Lexus LS
Mercedes-Benz S Class
Segment Average
Audi A8
Jaguar XJ8
Audi A7
Porsche Panamera
10
98
76
54
SA3
21
1
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Large Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
14
Subcompact Utility Highlights
The Subcompact Utility segment is relatively new and very small; it only contains
the Nissan Juke and Buick Encore for the 2013 model year.
Retention for the two models is very close with the Juke narrowly edging out the
Encore by 0.2 percentage point of retention value.
[ SEGMENT RANKINGS]
52.0%
52.1%
52.2%
0% 10% 20% 30% 40% 50% 60%
Buick Encore
Segment Average
Nissan Juke
2SA
1
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Subcompact Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
15
Compact Utility Highlights
Compact Utility retention averaged 50.7% over the report period, down 3.4
percentage points from last year.
Toyota’s FJ Cruiser continues to dominate the segment with a retention score of
92.5%, which is one point better than the same period in 2015 and one of the
highest we’ve ever recorded.
The Jeep Wrangler is also a very strong performer, scoring 75.8% in this year’s
report. The figure is 1.5 points better than the same period last year.
Retention scores for the remainder of the segment are more in line with
competitive segment averages that ranged from 61.7% for Toyota’s RAV4, to 30.1%
for Suzuki’s Grand Vitara.
[ SEGMENT RANKINGS]
30.1%
39.1%
41.6%
43.3%
44.7%
44.9%
45.5%
47.3%
47.8%
48.5%
49.7%
50.4%
50.7%
52.3%
54.3%
54.5%
56.2%
58.9%
61.7%
75.8%
92.5%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Suzuki Grand Vitara
Chevrolet Captiva Sport
Mazda Mazda5
Volkswagen Tiguan
Jeep Compass
Jeep Patriot
Mitsubishi Outlander
Ford Escape
Mitsubishi Outlander Sport
Chevrolet Equinox
Nissan Rogue
GMC Terrain
Segment Average
Hyundai Tucson
Kia Sportage
Mazda CX5
Honda CR-V
SUBARU Forester
Toyota RAV4
Jeep Wrangler
Toyota FJ Cruiser
20
19
18
17
16
15
14
13
12
11
10
9SA
87
65
43
21
Retained value(%)
Ran
k, M
ake
/Mo
de
l
Compact Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
16
Mid-Size Utility Highlights
Mid-Size Utility retention averaged 53.7% over the report period, down 0.3
percentage point from last year.
At the top of the segment list, Toyota’s 4Runner and Highlander models earned the
same rankings as last year, however retention scores for the two respectively fell 1.6
points and 3.8 points compared to the same period last year.
Scores across the rest of the segment board were relatively similar to what was
recorded during the same period in 2015.
[ SEGMENT RANKINGS]
44.4%
48.1%
48.9%
49.2%
49.6%
50.4%
50.8%
50.9%
51.4%
52.1%
53.1%
53.3%
53.6%
53.7%
54.0%
54.5%
54.6%
58.0%
58.6%
60.1%
60.9%
70.4%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Dodge Journey
Nissan Murano
Ford Edge
Toyota Venza
Honda Crosstour
Subaru Tribeca
Buick Enclave
Ford Flex
Kia Sorento
Mazda CX9
Chevrolet Traverse
Nissan Pathfinder
Hyundai Santa Fe
Segment Average
Ford Explorer
GMC Acadia
Jeep Grand Cherokee
Nissan Xterra
Dodge Durango
Honda Pilot
Toyota Highlander
Toyota 4Runner
21
20
19
18
17
16
15
14
13
12
11
10
9SA
87
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Mid-Size Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
17
Large Utility Highlights
Large Utility retention averaged 53.1% over the report period, down 1.4 percentage
points from last year.
Toyota’s Sequoia retained its spot on top of the segment earning a retention score
of 62.7%. It should be noted this year’s score is one point lower than during the
same period in 2015.
In this year’s report, the Nissan Armada managed to improve its retention score by
5.3 points, which moved it from 12th place in 2015, to 5th this year.
[ SEGMENT RANKINGS]
49.6%
51.1%
51.5%
51.5%
51.5%
52.5%
52.6%
53.1%
54.1%
54.8%
57.1%
59.5%
62.7%
0% 10% 20% 30% 40% 50% 60% 70%
GMC Yukon XL 1500
GMC Yukon XL 2500
Ford Expedition EL
GMC Yukon
Ford Expedition
Chevrolet Suburban 2500
Chevrolet Suburban 1500
Segment Average
Nissan Armada
Chevrolet Tahoe
GMC Denali XL
GMC Denali
Toyota Sequoia
12
11
10
98
76
SA5
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Large Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
18
Mid-Size Pickup Highlights
Mid-Size Pickup retention averaged 67.2% over the report period, up 4.7 percentage
points from last year.
Compared to last year’s report, the segment was cut in half with the elimination of
the Chevrolet Colorado, GMC Canyon and Suzuki Equator for the 2013 model year.
In the 2015 report, these vehicles fell toward the bottom of the pack and earned
retention scores between 59.2% (Canyon) to 45.6% (Equator).
In this year’s report, the Toyota Tacoma defended its spot at the top of the
segment. Retention, however, fell by 2.7 points compared to last year. Honda
Ridgeline and Nissan Frontier retention improved compared to 2015. The Ridgeline
experienced a 5.1 point increase, while the Frontier saw a slight 1.1 point gain.
[ SEGMENT RANKINGS]
62.2%
67.2%
67.6%
72.9%
56% 58% 60% 62% 64% 66% 68% 70% 72% 74%
Nissan Frontier
Segment Average
Honda Ridgeline
Toyota Tacoma
3SA
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Mid-Size Pickup
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
19
Half-Ton Pickup Highlights
Half-Ton Pickup retention averaged 56.5% over the report period, down 1.2
percentage points from last year.
Toyota’s Tundra ranked highest-in-class (again) in this year’s report, however its
retention score fell by 0.5 point.
Retention of the Chevrolet Avalanche improved by over two points. Scores across
remaining segments were down slightly, but within bounds of what was recorded
during the period in 2015.
[ SEGMENT RANKINGS]
50.3%
53.9%
55.7%
56.0%
56.4%
56.5%
62.2%
64.8%
0% 10% 20% 30% 40% 50% 60% 70%
Nissan Titan
Ram 1500
GMC Sierra 1500
Chevrolet Silverado 1500
Ford F150
Segment Average
Chevrolet Avalanche 1500
Toyota Tundra
76
54
3SA
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Half-Ton Pickup
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
20
Mid-Size Van Highlights
Mid-Size Van retention averaged 50.4% over the report period, up 0.3 percentage
point from last year.
For the second consecutive year, Toyota’s Sienna ranked highest in class. The family
hauler’s 54.3% retention score was 3.2 points lower than the same period in 2015.
Retention scores of the remaining segment vehicles all improved slightly compared
to 2015’s report.
[ SEGMENT RANKINGS]
43.8%
46.3%
49.4%
50.4%
52.5%
54.3%
0% 10% 20% 30% 40% 50% 60%
Dodge Grand Caravan
Chrysler Town & Country
Nissan Quest
Segment Average
Honda Odyssey
Toyota Sienna
54
3SA
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Mid-Size Van
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
21
Luxury Subcompact Highlights
The Luxury Subcompact Utility segment is relatively new and only contains the Land
Rover Range Rover Evoque and BMW X1 for the 2013 model year.
The Evoque’s retention score of 54.6% is 11.4 percentage points better than BMW’s
X1.
[ SEGMENT RANKINGS]
43.2%
51.5%
54.6%
0% 10% 20% 30% 40% 50% 60%
BMW X1 Series
Segment Average
Land Rover Evoque
2SA
1
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Subcompact Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
22
Luxury Compact Utility Highlights
Luxury Compact Utility retention averaged 50.1% over the report period, down 0.9
percentage points from last year.
At the top of the segment list, Audi’s Q5 currently earns the highest ranking with a
retention score of 56.2%. The figure is 1.8 points below its score during the same
period in 2015.
Acura’s RDX retained its spot right under the Q5, however retention for the RDX
improved by 0.7 points compared to last year’s report.
[ SEGMENT RANKINGS]
44.6%
45.7%
45.8%
48.5%
48.8%
50.1%
53.6%
56.2%
0% 10% 20% 30% 40% 50% 60%
Mercedes-Benz GLK Class
BMW X3 Series
Infiniti EX
Volvo XC60
Land Rover LR2
Segment Average
Acura RDX
Audi Q5
76
54
3SA
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Compact Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
23
Luxury Mid-Size Utility Highlights
Luxury Mid-Size Utility retention averaged 48.2% over the report period, down 2.2
percentage points from last year.
Land Rover’s LR4 remained at the top of the segment list in this year’s report,
however its 58.4% retention score was 1.5 points lower than the same period in
2015.
Remaining segment vehicles — on average — performed similar to the LR4 as 2016
retention scores were lower than that of the same period in 2015.
[ SEGMENT RANKINGS]
36.9%
41.5%
41.9%
45.2%
46.4%
47.4%
48.0%
48.1%
48.2%
48.3%
49.7%
50.0%
50.1%
50.8%
51.5%
53.2%
54.7%
58.5%
0% 10% 20% 30% 40% 50% 60% 70%
Lincoln MKT
Lincoln MKX
Acura ZDX
BMW X5 Series
Porsche Cayenne
Cadillac SRX
Volvo XC90
Mercedes-Benz M Class
Segment Average
Volkswagen Touareg
BMW X6 Series
Infiniti FX
Lexus RX
Acura MDX
Audi Q7
Infiniti JX
Lexus GX
Land Rover LR4
17
16
15
14
13
12
11
10
SA9
87
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Mid-Size Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
24
Luxury Large Utility Highlights
Luxury Large Utility retention averaged 52% over the report period, up 1.5
percentage points from last year.
Land Rover’s redesigned full-size Range Rover sits atop the segment list with a
retention score of 67.8%. The figure is a blistering 18.9 points higher than the 2012
retention score in last year’s report and elevates the luxury off-roader five spots to
the top of the segment.
Compared to last year’s report, scores across the segment were positive for the
most part. Exceptions to the buoyant segment performance include the Land Rover
Range Rover Sport (-2.7 points) and Cadillac Escalade ESV (-1.9 points).
[ SEGMENT RANKINGS]
46.8%
47.6%
48.5%
50.0%
50.0%
52.0%
52.7%
53.2%
53.5%
54.9%
60.0%
67.8%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Lincoln Navigator
Cadillac Escalade ESV
Lincoln Navigator L
Mercedes-Benz GL Class
Cadillac Escalade
Segment Average
Land Rover Range Rover Sport
Cadillac Escalade EXT
Lexus LX
Toyota Land Cruiser
Infiniti QX
Land Rover Range Rover
11
10
98
7SA
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Large Utility
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
25
Sports Car Highlights
Sports Car retention averaged 51.2% over the report period, up 1.6 percentage
points from last year.
Ford’s Mustang knocked the Dodge Challenger out of the top spot in this year’s
report with a retention score of 60.7%. The Challenger’s performance is an
improvement of 6.2 points compared to the 2012 Mustang in last year’s report. The
boost in retention elevated the Mustang two positions versus last year.
Rounding out the top three spots, Dodge’s Challenger and Volkswagen’s GTI each
fell one spot, down 2.2 points and 0.3 points, respectively.
[ SEGMENT RANKINGS]
47.4%
47.5%
47.9%
48.5%
49.2%
50.2%
50.4%
51.2%
52.4%
55.7%
60.1%
60.7%
0% 10% 20% 30% 40% 50% 60% 70%
Nissan 370Z
Mini Cooper
Mazda MX-5 Miata
Hyundai Genesis
Scion tC
Scion FR-S
Subaru BRZ
Segment Average
Chevrolet Camaro
Volkswagen GTI
Dodge Challenger
Ford Mustang
11
10
98
76
5SA
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Sports Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
26
Luxury Sports Car Highlights
Luxury Sport Car retention averaged 50.2% over the report period, down 1.9
percentage points from last year.
The segment’s top three spots were all filled by Porsche brand vehicles in this year’s
report. The 997 generation 911 took the top spot with a retention score of 57.9%, a
0.9% improvement over the 2012 model in last year’s report.
In our 2015 report, the 2012 Nissan GT-R sat on top of the segment list, however it
fell 8.4 points and three spots in this year’s report with a retention score of 52.2%.
[ SEGMENT RANKINGS]
40.3%
43.6%
44.7%
47.9%
50.2%
51.2%
51.5%
52.2%
54.0%
55.2%
57.9%
0% 10% 20% 30% 40% 50% 60% 70%
Jaguar XK8
Mercedes-Benz SL Class
Mercedes-Benz SLK Class
BMW Z4 Series
Segment Average
Chevrolet Corvette
Audi TT
Nissan GT-R
Porsche 991 911
Porsche Boxster
Porsche 997 911
10
98
7SA
65
43
21
Retained Value (%)
Ran
k, M
ake
/Mo
de
l
Luxury Sports Car
Source: NADA Used Car Guide
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
27
AT NADA USED CAR GUIDE
About NADA Used Car Guide, a division of J.D. Power
Since 1933, NADA Used Car Guide has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. NADA Used Car Guide’s team collects and analyzes over one million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals, the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more about solutions for your business and nada.com/usedcar to stay abreast of the latest used and new vehicle market trends.
Financial Industry, Accounting, Legal, OEM Captive Steve Stafford 800.248.6232 x7275 [email protected]
Director, Sales and Customer Service Dan Ruddy 800.248.6232 x4707 [email protected]
Automotive Dealers, Auctions, Insurance, Credit Unions, Fleet, Lease, Rental Industry, Government Doug Ott 800.248.6232 x4710 [email protected]
Director, Business Development James Gibson 800.248.6232 x7136 [email protected] Media Relations Ryan Morris 800.821.6232x7165 [email protected]
What’s New
The new NADA Values Online introduces New Vehicle Values, a range of values that provide new vehicle pricing guidance based on actual market transactions and market influencers. It also includes inventory valuation, vehicle valuation trends and a custom reporting tool to help you see vehicle values from every angle. With NADA Values Online, you have the data and insight you need to make better business decisions and see better outcomes.
See how we can help your business >> Go to nada.com/valuesonline.
On the Road
Learn from Jonathan Banks and Larry Dixon as they speak and present at the National Remarketing Conference (Used Car Week) in
Las Vegas, Nov. 14 – 18.
Meet up with Ryan Morris at the 2016 Los Angeles Auto Show in Los Angeles, Nov. 16 – 17.
Say, "Hi" to Mike Stanton at the 2016 National Auto Auction Association conference in Las Vegas, Nov. 16 – 18.
Perspective | October 2016
NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power.
© 2016 J.D. Power
NADA Used Car Guide, a division of J.D. Power 8400 Westpark Drive, 6th Floor| McLean, VA 22102 | 800.544.6232 | nada.com/b2b
28
NADA USED CAR GUIDE CONSULTING SERVICES
NADA Used Car Guide’s market intelligence team leverages a database of nearly 200 million automotive transactions
and more than 100 economic and automotive market-related series to describe the factors driving current trends to
help industry stakeholders make more informed decisions. Analyzing data at both wholesale and retail levels, the team
continuously provides content that is both useful and usable to the automotive industry, financial institutions,
businesses and consumers.
Complemented by NADA Used Car Guide’s analytics team, which maintains and advances its internal forecasting models
and develops customized forecasting solutions for automotive clients, the market intelligence team is responsible for
publishing white papers, special reports and the Used Car & Truck Blog. Throughout every piece of content, the team
strives to go beyond what is happening in the automotive industry to confidently answer why it is happening and how it
will impact the market in the future.
VP, Vehicle Analysis & Analytics Jonathan Banks 800.248.6232 x4709 [email protected]
Senior Manager, Market Intelligence Larry Dixon 800.248.6232 x4713 [email protected]
Senior Analyst, Automotive David Paris 800.248.6232 x7044 [email protected]
ADDITIONAL RESOURCES
Connect with NADA Used Car Guide
White Papers NADA Used Car Guide’s white papers and special reports aim to inform industry stakeholders on current and expected used vehicle price movement to better maximize today’s opportunities and manage tomorrow’s risk.
Used Car & Truck Blog Written and managed by the Market Intelligence team, the Used Car & Truck Blog analyzes market data, lends insight into industry trends and highlights relevant events.
Perspective
Leveraging data from various industry
sources and NADA Used Car Guide’s
analysts, Perspective takes a deep dive
into a range of industry trends to
determine why they are happening and
what to expect in the future.
Guidelines Updated monthly with a robust data set from various industry sources and NADA Used Car Guide’s proprietary analysis, Guidelines provides the insight needed to make decisions in today’s market.
Read our Blog nada.com/usedcar
Follow Us on Twitter @NADAUsedCarGde
Find Us on Facebook Facebook.com/NADAUsedCarGuide
Watch Us on YouTube Youtube.com/NADAUsedCarGuide
Disclaimer: NADA Used Car Guide makes no representations about future performance or results based on the data and the contents available in this report (“Guidelines”). Guidelines is provided for informational purposes only and is provided AS IS without warranty or guarantee of any kind. By accessing Guidelines via email or the NADA Used Car Guide website, you agree not to reprint, reproduce, or distribute Guidelines without the express written permission of J.D. Power.