LAWRENCEVILLE, Ga.—Used vehicle values showed a slight uptick in August over July, according to Black Book’s Used Vehicle Retention Index.
The Index for August (116.6) showed a 1.4% change from July (115.0).
“The strength of used market was fairly broad in August with almost all vehicle segments registering an increase in the Index. Sub-compact cars showed the highest increase at 2.1% month over month, highlighting the demand for affordable vehicles,” said Anil Goyal, executive vice president, operations, Black Book. “Near luxury cars showed a bounce off the lows after declining for the last five years.”
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.