Used Vehicle Retention Index Ticks Up in June
Black Book analysts say full-size vans and premium sports cars helped used-vehicle values start summer on a strong note, ticking up 0.6% from May to finish at 115 in June.
Retained values for premium sports cars such as the Mercedes-Benz GT improved by 1.25% in June, according to the latest monthly report from Black Book.
Photo courtesy Mercedes-Benz USA
LAWRENCEVILLE, Ga. — Black Book, a division of Hearst that provides industry-leading used vehicle valuation and residual value forecast solutions, today released its Used Vehicle Retention Index for June (115), a 0.6% change from May (114.4).
Analysts said the strong spring season continued into the first month of summer with majority of segments strengthening in June. Full-size vans (up 1.43%) and premium sports cars (1.25%) performed exceptionally well.
“The uptick in the seasonally adjusted index shows that the strength of the used-vehicle values is steady,” said Anil Goyal, executive vice president of operations. “The strength is broadly seen across all mainstream vehicle segments, while luxury brand segments registered a decline.”
The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition.
To read the full report, click here.
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