10.05.2026

Canadian Black Book’s Used Vehicle Retention Index Remained Flat in September 

Index Remained Unchanged

Canadian Black Book today released its Used Vehicle Retention Index for September 2026. The Index stood at 127.5 points, unchanged from August. Year-over-year, the Index decreased by 7.6%.

Click here to obtain a copy of the Index. 

“With another minor movement in the Retention Index, September marks the third consecutive month of relative stability. With a negative swing of only 0.4% since June, the last 90 days highlight the stability of the Canadian used-vehicle market, especially compared with the U.S., where values have declined by more than 5% over the same period. Contributing factors to the stability of our market include noteworthy demand for both new and used vehicles. The new-vehicle market has seen incentives increase, while electrified vehicles have received a surge of interest. At the same time, affordability continues to weigh on most buyers, who are seeking value in the used-vehicle market. This is reflected in the 14-day rolling average used-vehicle retail price, which increased by nearly 4%, or $1,350, during this period,” says Daniel Ross, Director of Strategic Market Insights at Canadian Black Book.

The Canadian Black Book Used Vehicle Retention Index is calculated using CBB’s published Wholesale Average value on two to six-year-old used vehicles, as a percent of original typically equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values.  The Index dates to January 2005, when Canadian Black Book published a benchmark index value of 100.0 for the market.  
 
ABOUT CANADIAN BLACK BOOK 

For more than 60 years, Canadian Black Book has been the trusted and unbiased Canadian automotive industry source for vehicle values. Today the company has grown into a leading data provider of vehicle valuations, residual value forecast solutions, and VIN decoding. Canadian Black Book tools and information are considered ‘The Authority’ for vehicle values not only by car dealers and manufacturers but also the leasing, finance, insurance, and wholesale sectors. In 2020 Canadian Black Book brought to market its Enhance Vehicle Matching (EVM) solution, which will allow the industry to decode more consistently 17 digits VINs down to a specific trim package allowing a more precise vehicle valuation. 

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