The decline in the Index during December closed off a fourth quarter that saw significantly lower wholesale prices than in the first three quarters of 2019. - Image via Black Book. 

The decline in the Index during December closed off a fourth quarter that saw significantly lower wholesale prices than in the first three quarters of 2019.

Image via Black Book. 

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.

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