Vehicle Pricing Black Book Data - Light Trucks Section 4 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 67.5% 64.9% 66.5% 67.5% 66.4% 64.6% 62.8% 64.1% 62.1% 58.6% 55.5% 55.4% 54.1% 53.5% 49.4% 56.9% 61.4% 62.9% 56.7% 58.9% 60.8% 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 70.6% 67.0% 64.4% 62.1% 62.8% 65.7% 69.5% 60.7% 58.5% 58.0% 54.2% 51.5% 44.2% 60.6% 62.0% 60.7% 60.5% 61.4% 65.2% 70.3% 71.8% 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 3.1% 2.1% (2.1%) (5.4%) (3.6%) 1.0% 6.6% (3.4%) (3.6%) (0.6%) (1.3%) (3.9%) (9.9%) 7.1% 12.6% 3.8% (0.9%) (1.4%) 8.6% 11.4% 11.0% LIGHT TRUCK INDUSTRY Forecast Residuals 36 MTH 57.5% 55.2% 57.2% 57.6% 56.5% 55.3% 53.5% 55.4% 54.0% 50.1% 47.9% 47.8% 46.1% 45.6% 41.6% 48.2% 51.6% 53.3% 47.4% 49.8% 51.7% 48 MTH 48.6% 46.7% 49.1% 48.9% 47.3% 46.5% 45.4% 46.9% 45.8% 42.3% 40.2% 40.4% 38.8% 38.5% 34.3% 39.7% 42.9% 44.5% 39.0% 41.2% 42.8% Actual Wholesale Prices 36 MTH 62.4% 56.2% 53.2% 54.1% 57.5% 56.7% 49.5% 48.1% 48.8% 45.3% 41.3% 34.4% 48.2% 49.9% 51.4% 49.3% 52.1% 55.4% 62.1% 62.1% Difference 36 MTH 4.9% 0.9% (4.0%) (3.5%) 1.0% 1.4% (4.0%) (7.4%) (5.2%) (4.8%) (6.7%) (13.5%) 2.1% 4.3% 9.8% 1.1% 0.5% 2.2% 14.7% 12.3% 60 MTH 40.6% 39.2% 42.0% 41.1% 39.0% 38.5% 37.3% 38.6% 38.4% 35.0% 33.1% 33.9% 32.0% 31.2% 27.4% 33.1% 34.4% 36.0% 31.4% 33.6% 35.1% 48 MTH 50.3% 45.3% 44.8% 48.9% 47.9% 40.2% 39.4% 41.1% 37.3% 34.6% 27.4% 38.6% 38.5% 41.9% 42.1% 42.1% 46.9% 52.6% 53.4% 60 MTH 39.6% 36.2% 35.0% 38.3% 33.8% 33.2% 34.4% 30.9% 29.3% 22.6% 31.6% 30.6% 33.3% 34.9% 36.6% 38.5% 44.0% 45.5% 48 MTH 1.7% (1.5%) (4.3%) 0.0% 0.6% (6.3%) (6.0%) (5.8%) (8.5%) (7.7%) (12.8%) (1.8%) (0.2%) 3.5% 7.8% 2.4% 3.9% 8.1% 14.5% 60 MTH (1.0%) (3.0%) (6.9%) (2.8%) (5.2%) (5.3%) (2.9%) (7.7%) (9.1%) (12.4%) (1.5%) (3.3%) 1.3% 3.7% 9.1% 5.3% 9.5% 9.5% Source: DesRosiers Automotive Consultants Inc. and Canadian Black Book 78 Canadian Used Vehicle Report 2017 Edition