LAWRENCEVILLE, Ga.—Even though used vehicle values showed no change in July over the previous month, Black Book said in its analysis “clear trends” can be seen.
Black Book’s Used Vehicle Retention Index for July stood at 115, the same level as June.
Compact crossovers (+0.82%) and sporty cars (+0.48%) performed well, and full-size luxury SUVs (-0.88%) and luxury cars (-0.46%) saw higher losses, the company said.
“While the July Index is flat to the previous month, the segment breakdown shows very clear trends within segments,” said Anil Goyal, executive vice president, operations. “Non-luxury crossovers enjoyed the largest gains, while luxury cars and luxury SUVs had the largest losses.”
The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.
To obtain a copy of the latest Black Book Wholesale Value Index, click here.