Hot August: Subcompacts Lead 1.4% Gain in Retained Values
Black Book’s Used Vehicle Retention Index shows a 1.4% month-over-month increase in August, a month in which all but a few pre-owned segments showed improvement.
Retained values for subcompact cars such as the Toyota Yaris increased by 2.1% in August, setting the pace for improvements in most categories after a largely flat July.
Photo courtesy Toyota Motor Sales USA
LAWRENCEVILLE, Ga. — Black Book (div. Hearst) released its Used Vehicle Retention Index for August (116.6), reporting 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 Index showed the highest increase at 2.1% MOM, highlighting the demand for affordable vehicles,” said Anil Goyal, the firm’s executive vice president of operations. “Near Luxury Cars Index is also showing a bounce off the lows now after declining for the last five years.”
Black Book’s 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 read the August report, click here.
Originally posted on F&I and Showroom
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