Welcome to 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:
- 2018 TalkAUTO Registration to Opens Soon
- Do Gasoline Prices Even Matter Anymore?
- May 2018 Used Vehicle Value Retention Index Commentary
Once again we have hit an all-time record high for the value retention of 2-6 year old vehicles in Canada. The 103.4 mark is the highest level, on average over the 21 segments, we monitor since the index began with 2005 data. The impressive May 2018 mark of 103.4 ties with the new benchmark set last month.
The compact cars segment has set an all time record at 107.1, up 8 points from May of last year and up 0.5 from last month. The sub compact cars segment also had a strong showing, posting a 7.4 per cent gain from last year and a 1.2 per cent gain from last month, placing it amongst the biggest movers. Higher fuel prices could be helping bring some life these two segments.
Full-size pickups were among the biggest gainers this month, with a rise of one point. This is down 2.2 from the same month last year. The full-size pick-up market peaked in August 2016 and since then has dropped off by about 6 per cent. Conversely small pick-ups were up 1.3 per cent, making them one of the stronger segments this month.
Mid-size cars advanced 7.4 per cent from last year and 0.3 from last month, for an all-time record for that segment, despite the fact that consumers continue to shift their preferences to SUVs.
Sporty cars also hit an all-time high, which is not surprising given the overall index and we are entering the prime selling season for this truly fun vehicles.
To download the Index for May 2018 CLICK HERE