Black Book Index Continues to Rise Featured

By Staff Writer August 08, 2018

Black Book’s Used Vehicle Retention Index increased by 0.5 percent during July.

The Index now stands at 113.9, up from 113.3 in June and 113 in July 2017.

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.

Leading the July Index increase was the subcompact car segment with a 1 percent increase over the prior month

Last modified on Wednesday, 08 August 2018 12:29