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:
- Bordering On Chaos
- Used Vehicle Operations Getting Technical. Lets Talk Software
- June 2018 Used Vehicle Retention Index
The Canadian Black Book (CBB) Wholesale Used Vehicle Retention saw a small decline of 0.4 per cent for June, the first decline since January of this year. The index remains at a very high level overall and reflects that vehicle retained values are still at some of the highest levels since the tracking began in 2005. Compared to June of last year the index is still a strong 3.9 percent ahead.
Looking across the segments in greater detail, the Subcompact and Compact Cars have shown impressive growth of 8 per cent and 7.4 per cent respectively since the same time last year. Subcompact cars are up 0.6 percent from last month alone. No doubt some higher fuel prices are helping these two segments stay strong.
Compact crossovers continue to strengthen their values, not surprising the Canadian market’s love for this type of vehicle. The popular segment is up by 4.4% from last year and 0.5% from last month alone.
Mid-size car shows a surprising gain of 7.4 per cent from June of last year, posting one of the biggest year over year increases of any segment, but still down 1.4 per cent from the beginning of the year.
On the negative side of the ledger, full size pickup trucks are down 2.2% from last year and down 0.7% just this month. Luxury cars are down 1.5% from the same time last year, as are minivans which showed a decrease of 3.9% year to date and 1.3% from last month.
To download the Index for June 2018 CLICK HERE