This week’s Market Insights Report looks at the spring market, with data showing it extending into a seventh week. The report also offers a glimpse into the latest Specialty Markets, and a spotlight on the three-year retention trends of Compact Vans, which have shown really strong performance this year. Model Year 2016 values are currently at 49% of MSRP, the strongest three-year retention seen in four years.
“Markets registered a slight uptick last week, even after car prices have…Continue
Despite Recent Decline, Index Is Still Higher Than Its Level A Year Ago
Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, released its Used Vehicle Retention Index for April (113.6), a -0.2% change from March (113.8). Despite the Index now falling for five straight months it is still 1.4% higher than a year ago (112.0).…Continue