Black Book’s Index Makes Large Gain Featured
04 October 2017
Black Book’s Used Vehicle Retention Index rose to 113.9 in September from 112.6 in August.This is the largest month-over-month gain since March 2012. 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. The Index offers an accurate, unbiased view of the strength of today’s used vehicle market values.Hurricane Harvey caused major flooding throughout parts of Texas, resulting in an estimated 500,000 cars and trucks needing to be replaced. The replacement process began in September, with compact cars (2.8 percent), compact crossover SUVs (2.4 percent), full-size cars (2.5 percent), and midsize cars (2.3 percent) each seeing significant month-over-month increases within the Index.