07.02.2026
CBB Used Vehicle Retention Index Decreases Marginally in June
Index Decreased 1.7 points
Canadian Black Book today released its Used Vehicle Retention Index for June 2026, which sits at 128.0 points compared to 129.7 in May. Year-over-year, the Index decreased by 8.0%.
Click here to obtain a copy of the Index.
“With the end of June marking the halfway point of 2026, the car market has declined 4% year-to-date and has recorded wholesale declines in three of the first four months of the year. The market continues its wholesale correction. With the situation surrounding the Strait of Hormuz becoming clearer and a decision—albeit an unfavorable one—on the path forward with CUSMA, the car market can better define its trajectory for the remainder of 2026. Compared to the previous year, the market is expected to experience less value decline over the next six months. However, negative sentiment remains prevalent in the Canadian car market. New vehicle sales continue to slow, incentives continue to rise, and the challenges posed by new market entrants continue to weigh on consumer sentiment toward legacy manufacturers, particularly in the electric vehicle segment. All of this comes as the used vehicle supply is expected to begin increasing in the near future, with some market participants already observing this trend alongside stagnating inventory,” said 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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