Strong small-car and SUV performances helped grow overall average wholesale values through June, according to Black Book’s Used Vehicle Retention Index for June.
Black Bok’s used vehicle retention index increased 0.4% through the month, registering 113.3, compared to 112.9 in May.
The strongest segments through June were subcompact and sporty sedans. These segments both saw their values increase by over 1% through the month, at 1.4% and 1.2%, respectively.
Premium sporty and compact sedans both realized 0.7% increases to their average wholesale values. Meanwhile, compact crossovers also had a healthy 0.5% gain in value through June.
“The used car and truck market continues to show its resilience with several segments continuing to serve as the catalyst in driving overall increases to the Black Book Vehicle Retention Index, long after the spring market has ended,” said Anil Goyal, executive vice president, operations. “We believe that the used vehicle market strength is reaching its plateau and will return to its pattern of accelerating depreciation as we get deeper into the calendar year.”