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The seasonally adjusted Retention Index increased to 195.7 points.
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2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking increases.
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Winter and Christmas sales events make for a busy end of year for dealers, but the last two weeks of the year are traditionally slow for the auctions and that held true this year.
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As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.
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The J.D. Power Valuation Services Used Vehicle Price Index reached an all-time high in November.
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Kalfus was most recently executive vice president, revenue, at Black Book.
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As we head into the last month of the year, used retail listings have stabilized around 16% below where we started the year.
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The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
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Days-to-turn for used retail listings have slightly increased and now sits just above 38 days, which is still lower than what is typically expected.
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Values aren’t showing any signs of slowing down, with most expecting this strength to last through the traditional Spring selling season.
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