While there have been several month-over-month declines in Black Book’s Used Vehicle Retention Index so far this year, September marked the first time that the Index registered a year-over-year decline.
Image courtesy of Black Book.
The used wholesale market showed strength in September, as values overall held up in line with what’s expected in summer, but the market is also beginning to show signs of weakness.
That was the finding of Black Book’s September Used Vehicle Retention Index as September’s Used Vehicle Retention Index saw a 0.6% month-over-month decline to 115.9.
While there have been several month-over-month declines in Black Book’s Used Vehicle Retention Index so far this year, September marked the first time that the Index registered a year-over-year decline.
On a year-over-year basis, the Index was down 0.1%. Every other month this year Black Book’s Index increased anywhere from 1% to 2%.
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