Welcome to Canadian Black Book’s – 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:
- March 2019 Used Vehicle Retention Index – Rebounds from February Decline
- Vehicle Tech: Dollars and Sense – By: Brian Murphy
- Canadian Black Book Annual Research Reveals Changing Demographics and Behavior of Car Buyers
After faltering last month our price index climbed back up to near record levels. Now at 105.1 it is within a tenth of a point of the all-time record. As the Canadian market (finally!) enters the spring selling season demand is expected to pick up across the board, with some seasonal strength in the sporty fair-weather car segments.
The largest gains since March of last year were the Compact Luxury SUV/CUVs with a remarkable 23 point jump in value, although they were down almost a point from last month. Subcompact Cars grew in value by 7.4 points and Midsize Cars posted a strong result with a 3.6 point increase
Compared to February Subcompact Cars rose a respectable 1.4 points. Both Premium Sports Cars and Full-Size Vans rose by 1.5 points.
On the downside of the curve are larger expensive and high end cars which showed weaker performance, year over year. Luxury Cars fell 6.6 points in that time and its more expensive brother the Prestige Luxury Cars fell 5.9 points. The Full Size Car segment posted a loss of 4.8 points over the past twelve months.
Compared to last month there was very little noteworthy downward activity. The $0.75 Canadian dollar helps to keep the opportunities open for vehicle exports to the U.S. to continue with strength.
Happy spring selling (and buying) season, we hope to see you in the lanes!