Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders
Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.
This week’s Market Insights Report looks at the vehicle pricing trends from this past week, with a special focus on the latest Black Book Retention Index data. The Black Book Used Vehicle Retention Index for February registered at 114.5, a -0.8% change from January (115.4), continuing its decline for the third month in a row. All segments except for Full-Size Van (+0.56%) showed a decline this past month, with most luxury vehicle segments showing the largest declines.
“The lower priced vehicles are getting the most attention at the auctions, which is typical for this time of the year. On the other hand, the luxury sedan prices continue to drop at a higher rate,” said Anil Goyal, Executive Vice President, Operations for Black Book.