Black Book’s Used Vehicle Retention Index for December 2019 registered 113.3, representing a 0.7 point decline from the month before.
This small decline closed off a fourth quarter that saw significantly lower wholesale prices than in the first three quarters of 2019.
“After a stable market performance earlier in the year, Q4 of 2019 experienced a steep decline in used vehicle values,” said Anil Goyal, EVP, operations. “The year ended with a 2.6% year-over-year change in the Index.”
The steepest declines in the month came from full-size vans and luxury sedans. Meanwhile, mainstream mid-size sedans saw healthier values, which Goyal attributed to a bigger demand for affordable vehicles.