Black Book: Truck Retention Rates Fall Again
Wholesale values continued to fall last week, although cars fared better than trucks, according to Black Book. The firm reported that the wholesale value for the overall car segment decreased by 0.57% from the week prior, while the truck segment declined 0.58%.
LAWRENCEVILLE, Ga. — Wholesale values continued to fall last week, although cars fared better than trucks, according to Black Book. The firm reported that the wholesale value of the overall car segment decreased by 0.57% from the week prior, while the truck segment declined 0.58%.
Sports cars depreciated the most in the car segment, failling 1.2% from the prior week. in the truck category, values of full-size vans fell the most, declining 1.02% from the week prior.
Other weak performers in the car segment included prestige luxury cars and compact cars, which realized wholesale value declines of 0.99% and 0.82%, respectively. In the truck segment, mid-size crossover/SUVs and full-size pickups were among the weakest performers, realizing 0.75% and 0.74% wholesale value drops from the week prior, respectively.
“The truck segments, particularly SUVs and pickups, are beginning to see larger declines after experiencing strong retention so far this year,” said Anil Goyal, senior vice president of automotive valuation and analytics.
Black Book’s report analyzed October retention rates for model-year 2010-2014 full-size pickup trucks, and found that retention for full-size pickups began climbing with the 2010 model year. From that model year forward, retention rates climbed from 56% to a peak of 66% for model-year 2013 full-size pickups. Model-year 2014 full-size pickups — which realized a retention rate of 64% in October and is the most recent model-year the firm analyzed — marked the first model year to realize a decline in retention.
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →