Toronto, Ontario — The latest edition of the Canadian Black Book (CBB) Used Vehicle Retention Index is now available, providing members of the automotive industry with price trends based on historical, current and residual values.
Notably, used vehicle retention appears to have peaked at unprecedented levels in the past 15 years.
According to the CBB, the Wholesale Used Vehicle Retention Index is meant to provide an accurate and view of the strength of used vehicle wholesale market values.
The index is calculated using CBB’s published Wholesale Average value on two-to six-year-old used vehicles, as a percent of the original manufacturer’s suggested retail price (MSRP). It is then weighted on sales volume and adjusted for seasonality, vehicle age, mileage, condition, and inflation in relation to MSRP.
Ultimately, the book serves to measure trends in percent retention from original MSRP of a typical four-year old vehicle in the market.
To download a copy, click here.
