09.11.2024

CBB Increases Marginally in August 

Index increased 0.6 points 

Canadian Black Book today released its Used Vehicle Retention Index for August 2024, which sits at 136.0 points (compared to 135.4 in July). Year-over-year, the Index decreased –13.5.  

Click here to obtain a copy of the Index. 

“Decreasing used car supply as well as a strengthening export market has continued to stabilize the Canadian wholesale market as we head into the fall market ,” says David Robins, Senior Manager and Head of Canadian Vehicle Valuations at Canadian Black Book.  

The Index peaked in March of 2022 at 165 Index points. Preceding the March peak was a run of unprecedented growth in used values beginning in the late summer of 2020, when the Index was as low as 100.5 points. 

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, where the Canadian Black Book published a benchmark index value of 100.0 for the market.  

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