LAWRENCEVILLE, Ga.—Used vehicle values increased in February, according to Black Book.
The company’s Used Vehicle Retention Index for February 2020 (115.2) showed a +0.7 point change from January (114.5).
Click here to obtain a copy of the latest index data.
As CUToday.info reported here, auto dealers have been aggressively buying up used cars.
“The overall index was positive, and the month-over-month change had all segments increasing except small pickups,” said Alex Yurchenko, senior vice president, data science. “The surprising change was the near luxury car and luxury car segments that had the largest month-over-month change. However, these were no change and lower, respectively, on a year-over-year basis.”
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 percentage 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.