08.05.2026
CBB Used Vehicle Retention Index Decreases Marginally in July
Index Decreased 0.1 point
Canadian Black Book today released its Used Vehicle Retention Index for July 2026, which sits at 127.9 points compared to 128.0 in June. Year-over-year, the Index decreased by 7.7%.
Click here to obtain a copy of the Index.
“Depreciation is beginning to settle as the midpoint of 2026 marks a turning point for the automotive market. Wholesale values are returning to more traditional weekly rates of decline as the economic landscape and its effect on consumer sentiment begin to stabilize. We are not necessarily seeing a positive outlook, but rather one that signals less volatility than in previous months.
“Although uncertainty surrounding CUSMA remains, the anticipated opening of the Gordie Howe International Bridge trade corridor and relative stability in certain macroeconomic factors, including interest rates and unemployment, are helping provide the market with greater clarity. When conditions become more stable, depreciation tends to be more uniform, as evidenced by the similar week-over-week changes in average passenger-car and light-truck values.
“With the new-vehicle market slowing and incentive levels increasing to help offset that pace, the overall automotive market is the most normal it has been in months. We’ll take that as a positive,” 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, where the Canadian Black Book published a benchmark index value of 100.0 for the market.
ABOUT CANADIAN BLACK BOOK
For 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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