The March Retention Index broke another record, reaching 141 points.
The market experienced record-breaking price increases this past week, as the supply and demand imbalance continued to drive up wholesale prices.
The enhanced data provided will allow dealers and consumers to avoid killing a deal over a trade-in value.
The market continues to see consistent week-over-week growth in wholesale values, as the additional round of stimulus spurred retail demand and sent dealers to the auctions.
Black Book released their weekly automotive Market Insights report.
Updates improve dealer engagement and support.
Black Book recently published an update to their weekly Market Update.
February saw another record broken with the Index reaching 130 points for the first time.
February was another record-breaking month, with the Retention Index reaching 130 points for the first time. All segments saw an increase in the Index with Full-Size pickups leading the way – that segment stands 23% higher than it was in February of 2020.
With economic patterns driven by the pandemic, normal seasonal patterns in the wholesale market were not observed for most of the year. We saw a similar picture in 2009, at the end of the Great Recession.
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