Black Book’s Used Vehicle Retention Index Decreases Again in August
The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
The Retention Index continues to decline in August, finishing the month at 184.0 points as consumer demand for used vehicles weakened.
LAWRENCEVILLE, Georgia – Black Book released its Used Vehicle Retention Index for August 2022. The Index decreased -2.9% (5.4 points) to 184.0 from July. This is the lowest the Index has been since October 2021. The Index currently stands 11% above where it was at the same time in 2021 and 61% above March 2020, pre-pandemic.
“Wholesale prices for the 2-8-year-old vehicle segments that comprise of Black Book’s Retention Index accelerated their decline in August,” said Alex Yurchenko, Chief Data Science Officer at Black Book. During August, we saw all but one (Sub-Compact Car) segment level indices decreasing in value, with luxury segments dropping the most. Black Book expects prices to continue to decline in the last four months of this year.”
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.
READ MORE: Black Book: Market Insights Report
Originally posted on Auto Dealer Today
More Sales
September Payments Reach New Heights
Despite lower interest rates and longer loan terms, the average new-vehicle monthly payment continues to climb, and transaction prices remain high.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Two Kinds of Agents and the 5 Ps That Separate Them
Follow these key guidelines to distinguish your agency from competitors by adding more value to your dealer clients' businesses.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
July Auto Sales Simmer
Deliveries were up modestly from a year ago despite still-high prices as OEMs offered more incentives and loan rates eased somewhat.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
June Automotive Boon?
A forecast for this month’s new-vehicle sales tells a familiar 2026 story: Year-over-year comparisons must be made in light of last year’s aberrations.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
Legacy Automakers Risk Falling Behind
As legacy automakers, mostly in the U.S. and Japan, have revised their 2030 electric-vehicle sales targets and shifted to a hybrid focus, they risk falling behind new market leaders.
Read More →