LAWRENCEVILLE, Ga.—As the holiday shopping season arrives, consumers can expect to pay a little less for used vehicles as values show their standard final-quarter decline.
Black Book’s Used Vehicle Retention Index for October (115.6) shows a -0.3% change from September (115.9).
“In the last couple of years, the used vehicle values held up unusually high till late in the year. However, the market trend this year is consistent with typical seasonality patterns,” said Anil Goyal, executive vice president, operations.
“Interestingly, the truck segments are now seeing larger declines as opposed to sedans. As supplies of used crossovers and pickup trucks continue to increase, the demand will need to be stronger for values in these segments to stay stable.”
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.