LAWRENCEVILLE, Ga.—Used vehicle values continued their typical seasonal decline in December, according to Black Book.
Black Book’s Used Vehicle Retention Index for December 2020 (128.8) showed a 1.8 point decline from November (130.6).
“The seasonally adjusted Retention Index has remained relatively stable since August,” said Alex Yurchenko, SVP, data science. “Nevertheless, due two record-setting summer months, the year ended with a 15.5-point (or 13.7%) year-over-year change in the Index. In fact, only the Minivan Segment did not have a year-over-year increase in the Index.”
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 a percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition.
To obtain a copy of the latest Black Book Wholesale Value Index, click here.