LAWRENCEVILLE, Ga.—Used vehicle values were flat in August, Black Book reported.
The company’s Used Vehicle Retention Index for the month increased +0.01%, which is 0.3% above where it was at the same time in 2024.
“The overall market depreciation rate eased in August compared with July, with most segments stabilizing in the second half of the month. Full-Size and Small Pickups even recorded gains on 2- to 6-year-old units, though newer 0- to 2-year-olds continued to face pressure from rising incentives,” said Laura Wehunt, vice president of data and analytics at Black Book. “While last year saw a brief increase in values around Labor Day, this year the overall market continued to decline. Still, the stability in values and strong auction conversion rates point to the emergence of a new seasonal pattern in the back half of the year.”
The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition.
To obtain a copy of the latest Black Book Wholesale Value Index, click here.