Black Book Data - Passenger Cars PASSENGER CAR INDUSTRY Forecast Residuals MODEL YR 1995 MY 1996 MY 1997 MY 1998 MY 1999 MY 2000 MY 2001 MY 2002 MY 2003 MY 2004 MY 2005 MY 2006 MY 2007 MY 2008 MY 2009 MY 2010 MY 2011 MY 2012 MY 2013 MY 2014 MY 2015 MY 2016 MY 24 MTH 58.8% 61.5% 66.0% 66.0% 62.6% 63.0% 54.7% 57.7% 58.2% 56.5% 59.2% 59.8% 59.8% 61.9% 62.5% 61.6% 59.8% 61.1% 56.9% 59.3% 60.0% 58.8% MODEL YR 1995 MY 1996 MY 1997 MY 1998 MY 1999 MY 2000 MY 2001 MY 2002 MY 2003 MY 2004 MY 2005 MY 2006 MY 2007 MY 2008 MY 2009 MY 2010 MY 2011 MY 2012 MY 2013 MY 2014 MY 2015 MY 24 MTH 66.3% 63.1% 61.1% 61.4% 60.9% 60.9% 58.5% 55.2% 54.0% 57.3% 57.3% 54.6% 58.0% 60.2% 62.8% 63.4% 60.4% 60.7% 58.4% 58.5% 62.0% MODEL YR 1995 MY 1996 MY 1997 MY 1998 MY 1999 MY 2000 MY 2001 MY 2002 MY 2003 MY 2004 MY 2005 MY 2006 MY 2007 MY 2008 MY 2009 MY 2010 MY 2011 MY 2012 MY 2013 MY 2014 MY 2015 MY 24 MTH 7.5% 1.5% (5.0%) (4.6%) (1.6%) (2.1%) 3.8% (2.5%) (4.2%) 0.9% (2.0%) (5.2%) (1.9%) (1.7%) 0.3% 1.8% 0.6% (0.4%) 1.5% (0.8%) 2.1% 36 MTH 49.0% 51.7% 56.3% 56.1% 53.5% 54.0% 46.5% 50.0% 50.2% 48.6% 51.2% 51.7% 52.0% 53.5% 53.4% 52.2% 50.9% 52.0% 47.3% 49.5% 50.1% 48.4% 48 MTH 40.4% 43.1% 47.8% 47.4% 45.2% 45.5% 38.9% 42.5% 42.4% 40.7% 43.2% 43.9% 44.4% 45.5% 45.1% 43.6% 42.1% 42.8% 38.5% 40.1% 40.4% 38.4% 60 MTH 32.9% 35.6% 40.2% 39.7% 37.8% 37.9% 31.6% 35.4% 35.5% 33.7% 36.0% 36.8% 37.3% 38.1% 37.5% 35.9% 34.2% 34.9% 30.6% 31.5% 31.4% 29.0% Vehicle Pricing Actual Wholesale Prices Section 4 36 MTH 56.8% 53.1% 51.9% 53.4% 52.6% 51.2% 46.8% 44.6% 48.3% 45.9% 45.0% 47.3% 49.0% 50.8% 54.7% 52.4% 50.7% 49.1% 48.5% 50.4% 48 MTH 46.6% 44.0% 44.6% 44.7% 43.9% 37.8% 36.7% 39.2% 37.6% 35.4% 37.8% 39.3% 41.1% 43.5% 45.1% 43.6% 40.7% 40.7% 41.0% 60 MTH 38.3% 37.3% 36.9% 36.1% 31.5% 30.0% 31.4% 30.2% 28.6% 29.6% 30.7% 32.3% 34.8% 35.7% 37.9% 35.6% 33.0% 34.7% 48 MTH 6.2% 0.9% (3.1%) (2.7%) (1.3%) (7.7%) (2.1%) (3.3%) (4.7%) (5.3%) (5.5%) (4.6%) (3.3%) (2.0%) (0.0%) (0.0%) (1.5%) (2.1%) 2.4% 60 MTH 5.4% 1.8% (3.3%) (3.7%) (6.3%) (7.9%) (0.2%) (5.1%) (6.9%) (4.1%) (5.3%) (4.5%) (2.5%) (2.4%) 0.4% (0.3%) (1.2%) (0.2%) Difference 36 MTH 7.8% 1.4% (4.4%) (2.7%) (1.0%) (2.7%) 0.3% (5.4%) (1.8%) (2.6%) (6.2%) (4.5%) (3.0%) (2.7%) 1.3% 0.2% (0.2%) (2.8%) 1.1% 0.9% Source: DesRosiers Automotive Consultants Inc. and Canadian Black Book 70 Canadian Used Vehicle Report 2017 Edition