Black Book Data - Light Trucks Vehicle Pricing LARGE SPORT UTILITY 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 63.2% 70.3% 71.7% 72.0% 70.8% 65.0% 61.5% 72.0% 60.7% 55.0% 52.3% 48.1% 48.9% 46.1% 40.7% 51.6% 55.6% 59.3% 53.0% 55.1% 57.7% 58.2% 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 85.2% 77.9% 70.2% 67.4% 62.3% 67.3% 69.4% 62.3% 52.7% 50.1% 46.7% 47.0% 44.2% 57.3% 59.5% 54.1% 57.4% 57.4% 60.7% 71.1% 76.1% 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 22.0% 7.6% (1.5%) (4.6%) (8.5%) 2.2% 8.0% (9.7%) (8.0%) (4.9%) (5.5%) (1.1%) (4.6%) 11.1% 18.9% 2.4% 1.8% (1.9%) 7.7% 16.0% 18.4% 36 MTH 53.8% 60.9% 62.1% 62.2% 61.4% 57.5% 53.2% 51.8% 53.0% 47.1% 44.7% 40.5% 41.4% 38.5% 33.7% 43.3% 46.9% 50.6% 44.6% 45.7% 48.0% 49.3% 48 MTH 45.4% 52.6% 53.7% 53.6% 51.5% 48.9% 45.1% 44.3% 44.3% 39.3% 37.9% 33.8% 34.0% 31.3% 27.4% 37.0% 38.0% 42.2% 36.5% 37.4% 39.2% 41.2% 60 MTH 38.0% 45.3% 46.3% 46.0% 43.5% 41.5% 38.0% 36.3% 37.6% 32.4% 30.7% 28.2% 27.5% 24.5% 21.7% 30.1% 29.0% 33.9% 29.3% 30.3% 31.7% 34.0% Actual Wholesale Prices Section 4 36 MTH 78.5% 68.0% 62.0% 55.3% 56.4% 59.2% 50.7% 46.7% 43.5% 39.6% 37.0% 31.3% 47.3% 49.1% 47.0% 47.2% 49.9% 51.3% 63.9% 57.9% 48 MTH 67.6% 59.8% 47.1% 49.6% 52.0% 47.5% 39.9% 37.7% 35.0% 29.8% 23.8% 34.4% 39.6% 39.0% 38.9% 40.2% 43.2% 55.5% 58.1% 60 MTH 58.4% 42.0% 42.5% 44.3% 36.9% 30.3% 33.3% 29.0% 26.4% 19.6% 28.2% 27.1% 32.2% 29.9% 33.0% 35.1% 45.6% 49.8% 48 MTH 22.2% 7.1% (6.6%) (4.0%) 0.6% (1.4%) (5.2%) (6.5%) (9.3%) (9.5%) (14.1%) 0.6% 5.6% 7.8% 11.4% 3.3% 5.2% 13.3% 21.6% 60 MTH 20.4% (3.2%) (3.9%) (1.7%) (6.5%) (11.2%) (4.6%) (7.3%) (11.2%) (12.9%) (2.5%) (1.1%) 4.7% 5.5% 11.4% 5.0% 16.6% 15.9% Difference 36 MTH 24.7% 7.1% (0.1%) (6.9%) (5.0%) 1.8% (2.5%) (5.1%) (9.5%) (7.4%) (7.7%) (9.3%) 5.9% 10.6% 13.3% 3.9% 3.0% 0.7% 19.2% 12.2% Source: DesRosiers Automotive Consultants Inc. and Canadian Black Book 84 Canadian Used Vehicle Report 2017 Edition