LAWRENCEVILLE, Ga.—Used vehicle retention values increased overall in June, according to a new report.
Black Book’s Used Vehicle Retention Index shows an increase of 0.4% during June, registering 113.3 and up from 112.9 in May. The Index has changed +0.3% over the last twelve months (113.0).
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, Black Book said.
“June saw several car and truck segments make a splash during the month with small cars and SUVs providing the biggest impact to the overall index,” Black Book said. “Sub-compact (+1.4%), sporty (+1.2%), premium sporty (+.7%), compact (+.7%), and compact crossovers (+.5%) had the largest gains.
“The used car and truck market continues to show its resilience with several segments continuing to serve as the catalyst in driving overall increases to the Black Book Vehicle Retention Index, long after the spring market has ended,” said Anil Goyal, executive vice president, operations. “We believe that the used vehicle market strength is reaching its plateau and will return to its pattern of accelerating depreciation as we get deeper into the calendar year.”