Black Book Data - Passenger Cars SPORT Forecast Residuals 24 MTH 62.8% 64.8% 67.5% 65.5% 64.8% 64.1% 59.0% 58.8% 59.1% 60.1% 61.4% 61.0% 64.7% 64.8% 63.7% 63.9% 54.3% 61.9% 58.0% 61.6% 64.9% 63.9% 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 71.8% 68.5% 68.6% 64.5% 67.8% 63.7% 61.8% 57.1% 59.0% 63.7% 62.2% 59.8% 59.6% 64.4% 68.6% 67.7% 66.0% 70.2% 66.2% 55.9% 70.7% 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 8.9% 3.7% 1.1% (1.0%) 3.0% (0.4%) 2.8% (1.7%) (0.1%) 3.6% 0.9% (1.1%) (5.1%) (0.4%) 4.9% 3.8% 11.6% 8.3% 8.2% (5.7%) 5.8% 36 MTH 53.0% 54.8% 57.7% 56.0% 55.0% 55.7% 50.8% 50.1% 51.1% 51.3% 52.8% 53.1% 56.2% 55.8% 55.0% 55.5% 46.5% 52.9% 48.6% 51.8% 54.7% 53.6% 48 MTH 44.4% 46.0% 49.0% 47.5% 46.0% 47.1% 42.3% 42.2% 43.6% 44.2% 44.7% 45.6% 48.7% 47.7% 46.8% 47.3% 38.4% 44.0% 38.9% 41.8% 44.4% 43.1% 60 MTH 36.9% 38.2% 41.3% 40.0% 38.0% 39.9% 34.7% 35.2% 36.5% 36.9% 37.0% 39.1% 40.9% 40.3% 39.3% 40.4% 31.6% 36.2% 30.7% 33.0% 35.2% 33.5% Vehicle Pricing 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 Actual Wholesale Prices 36 MTH 63.8% 61.2% 59.2% 59.6% 58.4% 54.4% 50.9% 50.6% 54.3% 51.7% 50.6% 51.4% 55.0% 55.1% 59.0% 58.3% 55.9% 57.1% 55.1% 50.4% 48 MTH 55.2% 52.5% 54.0% 51.6% 47.6% 42.8% 41.9% 45.2% 45.2% 45.0% 42.8% 45.8% 46.5% 47.2% 51.1% 49.5% 48.0% 46.1% 50.1% 60 MTH 47.8% 46.2% 46.9% 42.2% 37.5% 35.5% 37.2% 38.3% 37.3% 36.9% 38.7% 38.6% 40.6% 40.9% 42.5% 42.1% 40.3% 43.6% 48 MTH 10.8% 6.4% 4.9% 4.1% 1.5% (4.3%) (0.4%) 3.0% 1.6% 0.8% (1.9%) 0.2% (2.2%) (0.5%) 4.4% 2.1% 9.6% 2.1% 11.1% 60 MTH 10.9% 8.0% 5.6% 2.1% (0.6%) (4.4%) 2.5% 3.1% 0.8% 0.0% 1.7% (0.4%) (0.3%) 0.6% 3.2% 1.7% 8.7% 7.4% Section 4 Difference 2017 Edition 36 MTH 10.9% 6.4% 1.6% 3.6% 3.4% (1.3%) 0.0% 0.5% 3.2% 0.4% (2.2%) (1.7%) (1.2%) (0.7%) 4.1% 2.8% 9.4% 4.3% 6.5% (1.3%) Source: DesRosiers Automotive Consultants Inc. and Canadian Black Book Canadian Used Vehicle Report 73