Black Book Reports Boost in Prices

By Staff Writer May 07, 2021 304

Black Book released its Used Vehicle Retention Index for April (152.4), an increase of 11.2 points (or 8.0%) from February (141.2). The Index currently stands 43% above where it was the same time last year, during the initial economic shutdown due to COVID-19.

“Wholesale prices continued their ascent each week in April, although the rate of increase declined slightly at the end of the month,” said Alex Yurchenko, SVP, Data Science and Analytics.

“Demand for used and new vehicles remained strong but available inventory continued to decline. This elevated demand and low inventory coupled with low incentives levels on new vehicles helped the retention index to increase for the fourth month in the row. This month, all segments showed increases, with Compact Car and Minivans having the largest gains.”

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Last modified on Friday, 07 May 2021 13:29