Wholesale Prices See Largest Increase in Years

By Staff Writer September 10, 2018

Black Book’s Used Vehicle Retention Index rose in August, with a significant month-over-month increase of 1.4 percent.

The change last month marks the largest single-month increase since the 1.7 percent increase in May 2011, and is larger than the hurricane-fueled increase of 1.2 percent in September 2017.

While cars overall and most individual car segments see continued declines in market share, used midsize car sales have seen an increase in market share during 2018. Furthermore, helping the Index increase the most were compact and midsize cars and SUVs, with increases in retention ranging from 1.3 percent to 1.6 percent over the prior month. 

Minivans, full-size cars, and luxury cars also saw sizable increases in retention (up to 1.9 percent increase over the prior month), but had less impact overall due to their smaller segment size.

Last modified on Monday, 10 September 2018 13:31

Please publish modules in offcanvas position.