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.
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