The latest Used Vehicle Retention Index from Black Book showed a slight uptick to 113.1 for April from 113 in March.
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 a percent of original typically equipped MSRP. The index offers an accurate, unbiased view of the strength of today’s used wholesale market values.
Particularly among car segments, the month of April saw stronger-than-average vehicle value retention compared to the last few years.
Conversely, on the truck side, compact crossovers are beginning to see accelerated depreciation over the last several weeks.