Used Car Market Beginning to Show Dings and Dents Posted by AVCU on 9:38 AM

The strength of the used car market is wavering, according to Black Book.

The company’s Used Vehicle Retention Index for September (115.9), shows a -0.6% change from August (116.6).

“The used market held up pretty well during summer, when traditionally the values have declined,” said Anil Goyal, executive vice president of operations at Black Book. “However, we are now starting to see that the market strength is waning. We expect the Index to continue to drop in the remaining months of the year.”

The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically-equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition.