LA VALEUR – Numéro 1: Canadian Black Book inaugure son Indice de conservation des valeurs de gros des véhicules d’occasion

Bienvenue au premier numéro du bulletin Canadian Black Book – La valeur. Notre objectif est de fournir à nos clients et à nos partenaires des nouvelles, une mise à jour des événements, de nouvelles initiatives et l’opinion de la source de confiance du Canada pour les valeurs des véhicules et les perspectives automobiles. Vous trouverez ce qui suit dans ce numéro :

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Canadian Black Book inaugure son Indice de conservation des valeurs en gros des véhicules d’occasion au Canada

Indice mensuel visant à fournir à l’industrie automobile canadienne des commentaires impartiaux sur les tendances en matière de prix des véhicules d’occasion

Markham, ON, le 8 décembre 2017 – Canadian Black Book annonce aujourd’hui la

publication de son premier Indice de conservation des valeurs en gros des véhicules d’occasion au Canada.

L’indice servira à fournir des perspectives et des statistiques précises et impartiales sur la santé du marché en gros des véhicules d’occasion au Canada. Ce lancement inaugural couvre le mois de novembre 2017.

« Nous misons sur ce type de données depuis des années et nous les présentons aujourd’hui de manière à offrir à l’industrie automobile canadienne une ressource mensuelle gratuite dont le but est de surveiller les signes vitaux de l’établissement continuel des prix des véhicules d’occasion au pays », déclare Brad Rome, président, Canadian Black Book. « Cette information n’a de partialité pour aucune marque, et peut guider les décideurs en leur fournissant des chiffres précis concernant la force ou la faiblesse des prix des véhicules d’occasion », ajoute-t-il.

L’Indice de conservation des valeurs en gros des véhicules d’occasion Canadian Black Book est calculé en fonction de la valeur en gros moyenne publiée par Canadian Black Book pour les véhicules d’occasion âgés de deux à six ans, en tant que pourcentage du PDSF d’origine d’un véhicule typiquement équipé. La valeur en gros moyenne Canadian Black Book est une valeur de référence pour les véhicules d’occasion vendus à l’enchère en gros dont l’état est dans la moyennne. L’indice est pondéré en fonction du volume des ventes de véhicules d’occasion et ajusté en fonction de la saisonnalité, de l’âge du véhicule, du kilométrage, de son état et de l’inflation (PDSF).

Compilé à partir des mises à jour quotidiennes de la valeur des véhicules et saisi en fonction de milliers de transactions de véhicules en gros à travers le pays, l’Indice de conservation des valeurs en gros des véhicules d’occasion Canadian Black Book représente les données de toutes les régions du Canada. L’Indice est basé sur une liste exhaustive de véhicules inclus dans la base de données en gros Canadian Black Book sans favoriser une marque, une source de données ou une région, garantissant un rapport précis du marché des véhicules d’occasion.

L’Indice fournira aux professionnels de l’industrie automobile et aux observateurs une vue des tendances avec des comparaisons d’une année à l’autre et d’un mois à l’autre. D’un point de vue plus macroéconomique, l’Indice illustre la performance des prix depuis l’institution de l’indice avec les données de 2005.

« On nous pose constamment des questions sur l’état général de la rétention de la valeur en gros des véhicules d’occasion, et nous sommes heureux d’y répondre. Ce nouvel indice publié avec ponctualité rendra la tâche plus facile et offrira un moyen plus visuel d’obtenir ces réponses et de constater l’évolution des prix au Canada », déclare Brian Murphy, vice-président, Recherche et rédaction, Canadian Black Book.

Ce premier indice illustre les effets du fléchissement économique de 2008-2009 dans l’indice. Cela devient encore plus clair en examinant les camions pleine grandeur pendant cette période, car les prix ont chuté de plus de 15 % à l’échelle nationale. La fin de l’année 2009 a été marquée par une fausse reprise des prix, suivie d’une nouvelle glissade des prix, mais depuis la mi-2010, les prix ont enregistré une croissance exceptionnelle et régulière. Aujourd’hui, l’indice est à son plus haut niveau (102,4) depuis qu’il a été calculé pour la première fois d’après les données de 2005.

Les segments les plus solides sont les véhicules multisegments/ VUS de luxe, les véhicules multisegments intermédiaires et les camionnettes. Les segments les moins performants sont les voitures de luxe et les voitures sous-compactes, qui se situent nettement sous la moyenne du marché. Les deux ont toutefois repris de la valeur ces derniers mois. Un indice plus détaillé au niveau du segment plus granulaire sera mis à la disposition des clients Canadian Black Book sur demande.

L’Indice sera publié mensuellement sur CanadianBlackBook.com et transmis aux médias automobiles pour diffusion à plus grande échelle dans l’industrie.

À propos de Canadian Black Book:
Depuis plus de 55 ans, Canadian Black Book demeure la source fiable et impartiale de l’industrie automobile canadienne pour les valeurs automobiles. Les outils et les données Canadian Black Book sont considérés comme « l’autorité » en matière de valeurs automobiles, non seulement par les concessionnaires et les fabricants automobiles, mais aussi par les secteurs de la location, des finances, des assurances et du commerce en gros. Depuis sept ans, les consommateurs ont eux-aussi pu profiter de la même expertise. En 2010, Canadian Black Book a lancé son site Web destiné aux consommateurs. Le site offre des outils en ligne gratuits qui permettent d’évaluer la valeur d’échange, de consulter la valeur future, ainsi que la valeur marchande moyenne d’un véhicule. La popularité de ces outils a pris de l’essor avec le site Web qui traite une moyenne de 170 000 recherches de valeur par mois. Canadianblackbook.com offre des outils uniques pour évaluer la valeur des véhicules et se veut une ressource distinctement canadienne pour les acheteurs comme pour les vendeurs de voitures.

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Cliquez ici pour consulter l’Indice de conservation Canadian Black Book – 2017_11 (Canadian Black Book Retention Index – 2017_11) French link??

Pour toute question, entrevue ou photo, veuillez contacter :
Conrad Galambos
Relations avec les médias
Canadian Black Book
905-979-7039
cgalambos@canadianblackbook.com

LA VALEUR – Numéro 1: 2017 TalkAUTO Canada dépasse les attentes de l’organisateur

Bienvenue au premier numéro du bulletin Canadian Black Book – La valeur. Notre objectif est de fournir à nos clients et à nos partenaires des nouvelles, une mise à jour des événements, de nouvelles initiatives et l’opinion de la source de confiance du Canada pour les valeurs des véhicules et les perspectives automobiles. Vous trouverez ce qui suit dans ce numéro :

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La sixième conférence est jusqu’ici l’événement le plus important avec plus de 435 partici

pants

La sixième Conférence annuelle TalkAUTO Canada, organisée par Canadian Black Book et JD Power, a eu lieu le 8 novembre. C’est la plus importante en termes de participation depuis sa création en 2012. Plus de 435 dirigeants de l’industrie automobile se sont rendus au Centre des congrès de Toronto pour assister à des présentations d’experts et rencontrer l’élite de l’industrie automobile canadienne.

2017 TalkAUTO Canada avait pour thème « L’engagement des clients dans un monde numérique » et semble avoir résonné aussi bien auprès des participants que des commanditaires et des présentateurs.

« Quelle splendide journée! Le

s présentateurs étaient géniaux, le contenu était tout à fait pertinent. Nous n’aurions pas pu espérer un groupe plus animé, discutant des enjeux brûlants d’aujourd’hui pour le commerce de détail automobile. », a déclaré Brad Rome, président, Canadian Black Book.

Les participants venaient de tous les segments de l’industrie automobile, avec une forte représentation de fabric

ants, détaillants, fournisseurs financiers, fournisseurs de données, agences de marketing, fournisseurs de pièces et médias.

« On peut difficilement imaginer comment offrir un meilleur choix de conférenciers et continuer à élargir cet événement pour les années à venir. Mais cet élan est certainement bon signe et nous sommes impatients de nous mettre au travail pour rendre la conférence TalkAUTO de l’an prochain tout aussi excitante et encore plus importante », a déclaré Tim Braley, directeur principal de JD Power.

L’événement réunissait u

ne liste impressionnante de conférenciers experts de l’industrie automobile, et présentait le discours des conférenciers Larry Hutchinson, président et chef de la direction, Toyota Canada Inc. (« Setting a Course to the Future of Mobili

ty ») et Josh Bloom, chef de la pratique automobile, Facebook Canada (« Mobile Moves Metal »). Pour en savoir davantage sur TalkAUTO Canada, allez à http://www.talkauto-canada.com et sur Twitter, suivez le mot-clic #TalkAUTOCanada.

LA VALEUR – Numéro 1: Hommage à Kathy Ward – Icône de l’industrie : Détails de la célébration de sa vie

Bienvenue au premier numéro du bulletin Canadian Black Book – La valeur. Notre objectif est de fournir à nos clients et à nos partenaires des nouvelles, une mise à jour des événements, de nouvelles initiatives et l’opinion de la source de confiance du Canada pour les valeurs des véhicules et les perspectives automobiles. Vous trouverez ce qui suit dans ce numéro :

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À l’âge de 60 ans, la veille de Noël, entourée de sa famille et d’amis proches, l’ancienne présidente et chef de la direction de la Canadian Black Book, Kathy Ward, est décédée. Après un combat courageux, elle a finalement perdu sa lutte de plusieurs années contre le cancer.

Kathy, icône de l’industrie automobile canadienne, a pris sa retraite de la Canadian Black Book en septembre 2016. Elle a été l’un des piliers de l’entreprise pendant 36 ans et présidente et chef de la direction pendant les dix dernières années de sa carrière pionnière.

Vous trouverez ci-dessous les détails de la célébration de la vie de notre grande amie Kathy Ward.

Date : Le mardi 23 janvier 2018

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

Heure : 14h00 à 18h00 (L’hommage débute à 15h00)

Alors que la famille se prépare à célébrer la vie de Kathy, elle demande aux personnes qui souhaitent partager des photos de les envoyer à info@tada.ca accompagnées de tout message voulu; celles-ci seront transmises à la famille.

Pour exprimer vos vœux de sympathie, vos contributions peuvent être versées à l’organisme de bienfaisance préféré de Kathy, qu’elle soutient depuis des années … la Fondation Tim Horton pour les enfants. Pour faire un don en mémoire de Kathy Ward, veuillez cliquer ici.

Sincèrement,

Brad Rome

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.