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 car and truck segments, which finished with almost the same declines in the market last week. The report also highlights the Used Vehicle Retention Index, which finished the year up by +1.9% compared with 2017. It was the largest year-over-year increase for the Index dating back to 2012, when the index climbed 3.5% compared with 2011.
“Lower floors at the start of the new year have kept the inventory moving faster; we are seeing higher sales rates but lower prices at the auctions,” said Anil Goyal, Executive Vice President, Operations, for Black Book.