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 latest depreciation trends from the previous week, with an emphasis on the stabilization of retention heading into late winter. The report also highlights the latest Black Book Used Vehicle Retention Index for January, which fell to 115.4, down 0.7% from December’s listing of 116.3. After a strong performance in 2018, the Index has now declined for two straight months.
“With no early signs of a spring lift in the market yet, the used vehicle market continues to depreciate at a steady pace. Expectation of smaller tax refunds this year is likely to dampen the seasonal increase,” said Anil Goyal, Executive Vice President, Operations, for Black Book.