Canadian Black Book Used Vehicle Retention Index for December 2017 Shows Continued Gains

Media Release

Markham, ON, January 9, 2018 – Canadian Black Book releases its second Used Vehicle Retention Index for Canada, covering December, 2017.

This Index serves to offer unbiased and accurate insights and statistics regarding the health of the used wholesale vehicle market in Canada.

Click the image to download a PDF of the December 2017 Index

December 2017, saw a 3.8 per cent gain in values year over year (YOY%) versus the same month last year. This continues the YOY% growth since 2010.

Month over month (MOM%) growth for December witnessed solid growth over November of 0.6 per cent. This is the highest MOM% gain since July of 2017, which saw a full percentage point growth.

Compact and Subcompact car were two of the strongest segments at year end at 7.0 per cent and 7.6 per cent gains respectively. These segments have been performing well of late and are experiencing a notable rebound.

Midsize Crossover/SUV are down by 2.0 per cent, capping off a year of steady decline every month. Continued weakness in the segment is expected as exports to the U.S. slow, with a rising American supply and falling prices. Over the course of 2017 the segment was down almost 5.0 per cent on average, for each month over month score.

Midsize Luxury CUV/SUV’s continued to decline in value a further 0.1 per cent. A marginal MOM% decrease, yet a larger story given the average MOM% decline was 3.3 per cent for the year. Full-Size Crossover/SUV had a gained 1.7 per cent in December, however experienced an average MOM% decline of 3.5 per cent for 2017.

Full size pickup trucks were seeing a slowdown, until the fourth quarter of 2017 when they saw an improvement, however, ending the year with a MOM% average decline of 0.4 per cent.

“We are happy to distribute our second Index and first of 2018. In general, as supply of products rise across the board, on both sides of the border, prices domestically are expected to fall. We will keep you up to date on these trends each month,” says Brian Murphy, Vice President Research and Editorial, Canadian Black Book.

The Canadian Black Book Used Vehicle Retention Index is calculated using Canadian Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as a percent of original typically-equipped MSRP. Canadian Black Book’s Wholesale Average is a benchmark value for used vehicles selling in the wholesale auctions with the vehicle quality in average condition. The index is weighted based on used vehicle sales volume and adjusted for seasonality, vehicle age, mileage, condition, and inflation (MSRP).

Aggregated from daily vehicle value updates, and captured throughout thousands of wholesale vehicle transactions across the country, the Canadian Black Book Used Vehicle Retention Index represents data across all regions of Canada. The Index is based on a comprehensive list of vehicles included in the Canadian Black Book wholesale database, and includes no bias toward any brand, data source or region, ensuring an accurate report of the used vehicle market.

The Index is posted monthly on http://blog.canadianblackbook.com/ and distributed to automotive media for wider industry consumption.

About Canadian Black Book:
For more than 55 years, Canadian Black Book has been the trusted and unbiased Canadian automotive industry source for vehicle values. Canadian Black Book tools and information are considered ‘The Authority’ for vehicle values not only by car dealers and manufacturers, but also the leasing, finance, insurance and wholesale sectors. For the past seven years, consumers have also benefitted from the same expert insight. In 2010, Canadian Black Book introduced their consumer website that includes free online tools for calculating a vehicle’s Trade-in Value, Future Value and the Average Asking Price. The popularity of these tools has taken off with the website seeing an average of over 170,000 value lookups monthly. Canadianblackbook.com offers unique vehicle valuation tools and is a distinctly Canadian resource for car buyers and sellers.

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Click to view the December 2017 Canadian Black Book Used Vehicle Retention Index graph and table.

For more information or interview requests, please contact:
Conrad Galambos
Media Relations
Canadian Black Book
905-979-7039
cgalambos@canadianblackbook.com

Remembering Kathy Ward – An Industry Icon: Celebration of Life Details

Welcome to the first edition of The Canadian Black Book – The Value. Our goal is to provide our clients and partners with news, event updates, new initiatives and opinions from Canada’s trusted source for vehicle values and automotive insights. In this edition we cover:

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Kathy Ward, November 16, 1957 – December 24, 2017

At the age of 60, surrounded by family and close friends on Christmas Eve, past President and CEO at Canadian Black Book, Kathy Ward passed away.  After a courageous fight, she eventually lost a multiyear battle against cancer.

Kathy, a Canadian auto industry icon, retired from Canadian Black Book in September of 2016.  She was a mainstay in the company for 36 years and President and CEO for the last ten years of her storied and pioneering career.

Please find below details for the Celebration of Life for our dear friend Kathy Ward.

Date: Tuesday January 23, 2018

Location: Universal EventSpace, 6250 Hwy 7, Vaughan, ON, L4H 4G3

Time: 2:00pm – 6:00pm  (A Tribute will begin at 3:00pm)

As the family prepares for Kathy’s celebration of life, they have asked that if anyone has any pictures they wish to share please send them to info@tada.ca along with any note you wish to extend and they will be passed along to the family.

As an expression of sympathy contributions may be made to Kathy’s favourite charity that she has supported for years…Tim Horton Children’s Foundation. Please click here to donate in memory of Kathy Ward.

Sincerely,

Brad Rome

Kathy Ward Former President and CEO at Canadian Black Book Loses Her Battle with Cancer

At the age of 60, surrounded by family and close friends on Christmas Eve, past President and CEO at Canadian Black Book, Kathy Ward passed away. After a courageous fight, she eventually lost a multiyear battle against cancer.

Kathy, a Canadian auto industry icon, retired from Canadian Black Book in September of 2016. She was a mainstay in the company for 36 years and President and CEO for the last ten years of her storied and pioneering career.

“Kathy was responsible for delivering Canadian Black Book into the digital age,” says Brad Rome, President, Canadian Black Book. “Kathy, and the Ward family have given so much to the auto industry in Canada. We are going to remember that, build on it and we will miss her dearly,” he adds.

Under Kathy Ward’s leadership, Canadian Black Book evolved through the emergence of mass technological advancement, an uncertain Canadian auto industry during the recession, and solidified its position as Canada’s trusted provider of vehicle values.

As the business evolved from predominantly a publishing house into a provider of data electronically, Kathy began to emerge as the driver. Her father, Bill Ward the company’s founder, became comfortable in the backseat, knowing she was better suited to bring the company into the age of technology. Data and the demand for residual values began to surge in the banking and insurance worlds, and Kathy took over. In 2006 she took the reigns as President and CEO.

In 2010, Kathy oversaw a paradigm shift at Canadian Black Book, with the release of its data to consumers through CanadianBlackBook.com. In 2015, Ward negotiated the sale of Canadian Black Book to its new parent company out of the US – Hearst Business Media.

Above all, the accomplishment that Ward always held highest was her ability to prosper as a female at the helm of an automotive company. Her legacy in the industry will serve to demonstrate that women need not fear entering this space. Things have changed since her early days going from dealer to dealer selling, yet Kathy always believed the industry has an abundance of room for more women to grow in automotive and succeed as she did.

Details regarding a Celebration of Kathy’s Life will be announced at a later date.

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For More Information Contact: Conrad Galambos, 905-979-7039, cgalambos@canadianblackbook.com

Winter Driving Tips

Winter is Here – Prepare for a Totally Different Driving Experience

Winter Driving Tips From Canadian Black Book – Canada’s Trusted Source for Vehicle Values

As the leaves fall and the north wind picks up during autumn, as Canadians we know winter is coming and with it opens a whole new driving season. Every year at this time we need to be thinking about, how we as drivers and vehicle owners, will adjust to take on the cold.

Canadian Black Book would like to remind drivers of some important pointers to help prepare for the winter driving season.

Get a Winter Check-up:
In the fall time, have your vehicle inspected by a qualified mechanic for proper functioning brakes, steering, heating/cooling system, ignition, battery, tire life, among others.

Winter Tires:
Winter tires are critical. Winter tires provide far superior traction on cold, snowy or icy roads. Winter tires can stop 30% shorter in icy conditions, versus regular all-season tires. Also, they can help a car accelerate in slippery conditions to a distance of 60m in 25% less time.

Be sure to check provincial laws, as some jurisdictions have implemented mandatory installation of winter tires.

It is recommended to install your winter tires when the temperature slips below 7 degrees Celsius. This will give you time before the snow starts to fly and black ice patches begin to form on the roadways.

Also, check tire pressure often for optimal tire performance.

Have the Right Stuff:

  • A snow brush and ice scrapper. Always clear your vehicle of snow and ice before you drive
  • Have an emergency kit in the vehicle, including first aid, warning light/flares, a candle, matches and an emergency food pack
  • Dress warm. Have gloves and a blanket in the vehicle in case you get stranded
    A fully charged cell phone can be critical if you require roadside assistance or have an emergency
  • Jumper cables should be onboard as batteries tend to lose charge more often in cold weather
  • A small shovel kept in your vehicle can get you unstuck from deep snow. A tow chain and traction mat are also good to have

Drive Carefully:

Slow down. We know conditions are more precarious in the winter, so drive with caution and pay close attention to your surroundings.

Drivers should learn and practice proper winter driving techniques, such as skid control, avoid abrupt movements, brake softly before making turns, among others. Understand that rear-wheel drive and front-wheel drive vehicles act differently in on snow and ice and how to correct if a skid occurs. Also, never tailgate as it takes longer distances to stop on snow and ice.

Resist Cruise Control:

Although this function is very convenient, it can be very dangerous in wintery conditions. If in cruise control on a wet, snowy or icy road and your vehicle begins to hydroplane, the cruise function will accelerate, possibly resulting in loss of control.

Be Seen:

Visibility on the roads, in the winter, can be more difficult than the rest of the years, with snow, sleet and diminished daylight hours. Ensure all your lights and signals are functioning correctly. It is recommended to keep your headlights on at all times of day.

Make sure you can see:

Replace any damaged windshield wipers or ones that streak. You can purchase wipers blades that are specifically designed for winter use. Be sure to top-up your windshield wiper fluid, as during winter you will use it much more often. You need to use a winter fluid as it will not freeze up to -40 degrees, where summer fluids will freeze much faster and can cause damage to your washer system.

Planning:

Check road conditions and weather reports before you travel. Always leave yourself extra time in the event of inclement weather. This way, you won’t be in a rush or have a need to drive faster. If serious inclement weather is expected, plan not to drive at all whenever possible.

Ensure you have enough fuel with reserves to make it to you destination.

Never Drink and Drive:

Drinking and driving is never acceptable. Doing so in the winter months is even more dangerous given that road conditions can already be hazardous. Drive sober!

Keep warm and be safe on the roads this winter!

THE VALUE – Issue #1: The effect of Hurricanes on Canadian used vehicle values

Welcome to the first edition of The Canadian Black Book – The Value. Our goal is to provide our clients and partners with news, event updates, new initiatives and opinions from Canada’s trusted source for vehicle values and automotive insights. In this edition we cover:

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Rising Waters and Rising Dollars

By Brian Murphy, VP Research & Editorial, Canadian Black Book

I’ve recently written about the rise of interest rates, and the Canadian dollar’s recent impressive climb above the eighty cent plateau. As I write this article our dollar has backtracked to just below that mark. With more rumored interest rate hikes on the horizon, I expect it will strengthen once again.

As a reminder, with rising interest rates and a stronger dollar, we at Canadian Black Book expect that will apply significant downward pressure on wholesale, and ultimately retail used vehicle prices domestically. This is primarily due to the amount of exporting of Canadian vehicles made possible by a lower Canadian dollar, and lower Canadian prices over the last few years. A higher value Canuck-buck means that Canadian used cars are less attractive to U.S. exporters. The result will be lower demand and lower prices as those exports slow.

All of that seems relatively straightforward, but then 2017’s hurricane season happened. Hurricanes Harvey and Irma were both incredibly destructive monsters of nature. Irma was the strongest Atlantic storm, outside of the Gulf of Mexico or Caribbean Sea, on record. Harvey produced over 1.6 meters of rain in Texas, the highest-ever rainfall total for any tropical cyclone in the U.S. The loss of life and damage to property was truly horrific and the clean-up will take many, many years.

When massive storms like these make landfall, one of the many consequences include the destruction of vehicles of all types on a large scale. Damage is typically either through flooding or damage caused by high winds and flying debris. Insurance companies and owners of vehicles are still in the process of working through claims and efforts to repair or replace vehicles. At this point, it is very difficult to get a clear picture on how many vehicles were actually destroyed.

If Hurricane Harvey wanted to destroy cars he really could not have picked a better target than Houston, Texas. Houston is sprawling metropolitan area with a high rate of vehicle ownership. Harris County (where Houston is located) alone has 3.6 million vehicles registered. To put that in perspective that is one tenth of the number of cars registered in all of Canada. It is very close to the number registered in all of B.C. The average household in Houston had just shy of 2 cars.

Initial estimates of how many vehicles were destroyed still remain imprecise. Anything from 500,000 to 1,000,000 cars have been widely reported as destroyed,from Harvey alone. Given that there wasn’t an evacuation order issued many cars just sat in driveways during the peak of the storm. If vehicles were parked in a particularly low lying areas, chances are that is the end of the road for most of those vehicles. Modern cars with all of their various electronics and computer driven components typically don’t mix well with flood waters.

Only a mere 15 days after Harvey, Hurricane Irma set her sights on Florida. The story was similar there, where Irma is estimated to have destroyed 200,000-400,000 vehicles.

It will take many months for insurance adjusters just to see each vehicle and determine if it can be repaired or if it will be a total loss. Given the amount of flooding and the height of the water there likely won’t be many survivors. The insurance damage from Irma alone, according to JPMorgan, is in the range of $20 to $40 billion dollars.

So what does this have to do with the Canadian auto industry? As it turns out, quite a lot. It’s important to note, that previous to hurricane season prices in the U.S. market were falling, which makes it less attractive to come to Canada to snap up bargains here. My colleagues at Black Book in the U.S. have observed that prices have been dropping consistently, month over month, an average of almost 5% this year so far. Much of this has to do with a boom in U.S. supply. Around half a million more vehicles are expected off lease this year in the U.S. versus last year, and a trend expected to continue next year as well.

If not for the hurricanes, a downward price trend here in Canada was a sure thing. With easily over a million cars likely to be written off, Canada becomes a convenient source of supply to fill all those replacement vehicles needed down south. This huge spike in demand, in a very short period of time, means that our domestic prices are expected to be temporarily propped up. We expect this to be a short-lived phenomenon, and after a few months’ time is expected to wear off. The hurricanes, in a rather brutal fashion, have carved out some temporary price protection for Canadian used vehicles, but it won’t last long. For those of you in the business of buying cars, be vigilant for anything that has been registered in Florida or Texas, and buyer beware!

THE VALUE – Issue #1: Getting ready for the 11th annual Best Retained Value Awards for 2018

Welcome to the first edition of The Canadian Black Book – The Value. Our goal is to provide our clients and partners with news, event updates, new initiatives and opinions from Canada’s trusted source for vehicle values and automotive insights. In this edition we cover:

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Getting ready to Announce the 11th annual Canadian Black Book Best Retained Value Awards for 2018

Just before the onset of the hype and excitement that surrounds the 2018 Canadian International Auto Show, Canadian Black Book is set to announce its 11th annual Best Retained Value Awards. The 2018 edition of the awards will follow the same format as last year, when winners were announced in 20 vehicle categories and three overall brand awards.

The Canadian Black Book Best Retained Value Awards acknowledge vehicles that retain the highest percentage of their original MSRP after four years. This is extremely valuable information for the consumer, given that depreciation is the single largest expense of vehicle ownership. For 2018, the awards program analyzed model year 2014 cars and trucks.

As this is being written, data is beginning to be compiled to finalize the winners for 2018 and Canadian Black Book is excited to let you all know what models and what brands are excelling at retained value.

To see the list of winners from 2017 go to: http://www.canadianblackbook.com/cbb-awards.html

THE VALUE – Issue #1: 2017 TalkAUTO Canada Exceeds Organizer’s Expectations

Welcome to the first edition of The Canadian Black Book – The Value. Our goal is to provide our clients and partners with news, event updates, new initiatives and opinions from Canada’s trusted source for vehicle values and automotive insights. In this edition we cover:

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2017 TalkAUTO Canada Exceeds Organizer’s Expectations
Sixth Annual is the Largest Event Yet with over 435 in Attendance

The sixth annual TalkAUTO Canada Conference, hosted by Canadian Black Book and J.D. Power, commenced November 8th and was the largest event in terms of attendance since its inception in 2012. Well over 435 auto industry executives came to the Toronto Congress Centre to take in some high-end presentations and mingle with Canada’s auto industry elite.

The 2017 edition of TalkAUTO Canada was themed ‘Customer Engagement in a Digital World’, and seemed to hit a chord with the attendees, sponsors and presenters alike.

“What a day! The presenters were phenomenal, the content was right on topic. We could not have asked for a livelier group, all discussing the issues that face auto retailing today,” says Brad Rome, President, Canadian Black Book.

Attendees come from a wide variety of automotive industry segments, with strong representation from manufacturers, retailers, financial providers, data providers, marketing agencies, aftermarket suppliers, and media.

“It’s hard to imagine how we can offer a better line-up of speakers and continue to grow this event for the years to come. But this momentum is surely a good sign and we look forward to getting to work to make next year’s TalkAUTO just as exciting, and even bigger” says Tim Braley, Sr. Director, JD Power.

The event featured an impressive list of auto industry expert speakers, highlighted by keynote addresses from Larry Hutchinson, President and CEO, Toyota Canada Inc. (“Setting a Course to the Future of Mobility”); and Josh Bloom, Automotive Practice Leader, Facebook Canada (”Mobile Moves Metal”). For more TalkAUTO Canada details go to http://www.talkauto-canada.com and on Twitter follow the hashtag #TalkAUTOCanada.

THE VALUE – Issue #1: Canadian Black Book Unveils Used Vehicle Retention Index

Welcome to the first edition of The Canadian Black Book – The Value. Our goal is to provide our clients and partners with news, event updates, new initiatives and opinions from Canada’s trusted source for vehicle values and automotive insights. In this edition we cover:

____________________________________________________________________________

Media Release:

Canadian Black Book Unveils its First Used Vehicle Retention Index for Canada

Monthly Index To Provide Canadian Auto Industry with Neutral Commentary on Used Vehicle Pricing Trends

Markham, ON, December 8, 2017 – Canadian Black Book announces today the release of its first Used Vehicle Retention Index for Canada.

The Index will serve to offer unbiased and accurate insights and statistics regarding the health of the used wholesale vehicle market in Canada. This inaugural edition covers the month of November, 2017.

“We’ve used this type of index data internally for many years, and are now packaging it up to provide Canada’s auto industry a free monthly resource to help monitor the ongoing vital signs of used vehicle pricing domestically,” says Brad Rome, President, Canadian Black Book. “This information is impartial to any brand, and can help guide decision makers with accurate figures regarding the strength or weakness of used vehicle prices,” he adds.

The Canadian Black Book Used Vehicle Retention Index is calculated using Canadian Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as a percent of original typically-equipped MSRP. Canadian Black Book’s Wholesale Average is a benchmark value for used vehicles selling in the wholesale auctions with the vehicle quality in average condition. The index is weighted based on used vehicle sales volume and adjusted for seasonality, vehicle age, mileage, condition, and inflation (MSRP).

Aggregated from daily vehicle value updates, and captured throughout thousands of wholesale vehicle transactions across the country, the Canadian Black Book Used Vehicle Retention Index represents data across all regions of Canada. The Index is based on a comprehensive list of vehicles included in the Canadian Black Book wholesale database, and includes no bias toward any brand, data source or region, ensuring an accurate report of the used vehicle market.

The Index will provide automotive industry professionals and watchers with insight regarding trends with comparisons year-over-year and month-over-month. From a more macroeconomic perspective it will illustrate pricing performance since the index commenced with data from 2005.

“We are always being asked about the overall state of used vehicle value retention, which we are happy to answer. This new regularly published index will just make it easier and provide a more visual means to get those answers and see the direction of prices in Canada,” says Brian Murphy, Vice President Research and Editorial, Canadian B lack Book.

This first Index illustrates the effects of the economic pain of 2008-2009 in the index. This becomes even more visible after examining full size trucks during that time as prices fell more than 15% nationally. Late 2009 saw a false recovery of prices, followed by falling prices again, however since the middle of 2010 there has been a remarkable and steady growth in prices overall. Today the Index is currently at its highest level (102.4) since it was first calculated using 2005 data.

The strongest segments are full size luxury crossovers/SUVs, midsize crossovers and small pickup trucks. The segments with weakest performance are the near luxury cars and subcompact cars, both perform considerably below the market average. Both however have strengthened in recent months. A more detailed index at the more granular segment level will be made available for Canadian Black Book clients upon request.

The Index will be posted monthly on CanadianBlackBook.com and distributed to automotive media for wider industry consumption.

About Canadian Black Book:
For more than 55 years, Canadian Black Book has been the trusted and unbiased Canadian automotive industry source for vehicle values. Canadian Black Book tools and information are considered ‘The Authority’ for vehicle values not only by car dealers and manufacturers, but also the leasing, finance, insurance and wholesale sectors. For the past seven years, consumers have also benefitted from the same expert insight. In 2010, Canadian Black Book introduced their consumer website that includes free online tools for calculating a vehicle’s Trade-in Value, Future Value and the Average Asking Price. The popularity of these tools has taken off with the website seeing an average of over 170,000 value lookups monthly. Canadianblackbook.com offers unique vehicle valuation tools and is a distinctly Canadian resource for car buyers and sellers.

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Click to view the Canadian Black Book Retention Index – 2017_11

For more information or interview requests, please contact:
Conrad Galambos
Media Relations
Canadian Black Book
905-979-7039
cgalambos@canadianblackbook.com

 

November 2017 – First Used Vehicle Retention Index for Canada

For Immediate Release:

Canadian Black Book Unveils Its First Used Vehicle Retention Index for Canada

Monthly Index To Provide Canadian Auto Industry with Neutral Commentary on Used Vehicle Pricing Trends

Markham, ON, December 8, 2017 – Canadian Black Book announces today the release of its first Used Vehicle Retention Index for Canada.

Click to see the November, 2017 Index

The Index will serve to offer unbiased and accurate insights and statistics regarding the health of the used wholesale vehicle market in Canada. This inaugural edition covers the month of November, 2017.

“We’ve used this type of index data internally for many years, and are now packaging it up to provide Canada’s auto industry a free monthly resource to help monitor the ongoing vital signs of used vehicle pricing domestically,” says Brad Rome, President, Canadian Black Book. “This information is impartial to any brand, and can help guide decision makers with accurate figures regarding the strength or weakness of used vehicle prices,” he adds.

The Canadian Black Book Used Vehicle Retention Index is calculated using Canadian Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as a percent of original typically-equipped MSRP. Canadian Black Book’s Wholesale Average is a benchmark value for used vehicles selling in the wholesale auctions with the vehicle quality in average condition. The index is weighted based on used vehicle sales volume and adjusted for seasonality, vehicle age, mileage, condition, and inflation (MSRP).

Aggregated from daily vehicle value updates, and captured throughout thousands of wholesale vehicle transactions across the country, the Canadian Black Book Used Vehicle Retention Index represents data across all regions of Canada. The Index is based on a comprehensive list of vehicles included in the Canadian Black Book wholesale database, and includes no bias toward any brand, data source or region, ensuring an accurate report of the used vehicle market.

The Index will provide automotive industry professionals and watchers with insight regarding trends with comparisons year-over-year and month-over-month. From a more macroeconomic perspective it will illustrate pricing performance since the index commenced with data from 2005.

“We are always being asked about the overall state of used vehicle value retention, which we are happy to answer. This new regularly published index will just make it easier and provide a more visual means to get those answers and see the direction of prices in Canada,” says Brian Murphy, Vice President Research and Editorial, Canadian B lack Book.

This first Index illustrates the effects of the economic pain of 2008-2009 in the index. This becomes even more visible after examining full size trucks during that time as prices fell more than 15% nationally. Late 2009 saw a false recovery of prices, followed by falling prices again, however since the middle of 2010 there has been a remarkable and steady growth in prices overall. Today the Index is currently at its highest level (102.4) since it was first calculated using 2005 data.

The strongest segments are full size luxury crossovers/SUVs, midsize crossovers and small pickup trucks. The segments with weakest performance are the near luxury cars and subcompact cars, both perform considerably below the market average. Both however have strengthened in recent months. A more detailed index at the more granular segment level will be made available for Canadian Black Book clients upon request.

The Index will be posted monthly on CanadianBlackBook.com and distributed to automotive media for wider industry consumption.

About Canadian Black Book:
For more than 55 years, Canadian Black Book has been the trusted and unbiased Canadian automotive industry source for vehicle values. Canadian Black Book tools and information are considered ‘The Authority’ for vehicle values not only by car dealers and manufacturers, but also the leasing, finance, insurance and wholesale sectors. For the past seven years, consumers have also benefited from the same expert insight. In 2010, Canadian Black Book introduced their consumer website that includes free online tools for calculating a vehicle’s Trade-in Value, Future Value and the Average Asking Price. The popularity of these tools has taken off with the website seeing an average of over 170,000 value look-ups monthly. Canadianblackbook.com offers unique vehicle valuation tools and is a distinctly Canadian resource for car buyers and sellers.

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Click to view the first ever Canadian Black Book Retention Index – 2017_11.

For more information or interview requests, please contact:
Conrad Galambos
Media Relations
Canadian Black Book
905-979-7039
cgalambos@canadianblackbook.com