Black Book Expects Price Dip

By Staff Writer October 06, 2020

Black Book released its Used Vehicle Retention Index for September 2020 (130.8), showing a 1.8 point increase from August (129.0).

“Overall, the Index increased slightly in September,” said Alex Yurchenko, senior vice president, data science. “The increase was driven mostly by the strength of the Full-Size Pickup segment in the first part of September as most of the other segments saw a drop in the Index.

“We expect the continuation of weakening of most of the segments including Full-size Pickups in the next several months as the economy remains weak and there is an expected glut of used supply.”

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.

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Last modified on Tuesday, 13 October 2020 20:59