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:
- TalkAUTO 2018 Another Massive Success
- October 2018 Used Vehicle Retention Index
- Canadian Black Book Provides Revamped Customer Experience on New Website
- Test Drive? Yes Please! – By Brian Murphy
For October 2018 the Canadian Black Book Used Vehicle Retention Index has hit yet another high point at 104.3. Over the history of the index, which began in January 2005, two to six-year-old vehicles are now maintaining their wholesale values better than ever before. Strong fundamentals in the Canadian economy, along with strong demand from the U.S. market for Canadian used vehicles continue to propel values to record levels.
Some of the significant movers for the month include the Compact Car segment, which is now at 109.1, a new all time high for that grouping, up 5.6 points from the same time last year. In the adjacent Sub-Compact segment, values rose 1 point from last month and 7.6 points from last year. With the national fuel price well below $1.20 a litre, down almost $0.10 from last month, it is surprising that the most fuel-efficient segment in our index has shown such gains this month.
The high-end Prestige Luxury Car segment is down almost 3.9 points from last year and 1 point from last month. This contrasts with the full-size Luxury SUV segment, which is up almost 5% from the same time last year.
Minivans and full-size vans posted weak results for October, they were down 4.1 and 2.2 points respectively when compared to last year.
To download the October Index CLICK HERE.