Some segments, including midsize cars and pickups, posted a bigger-than-usual drop in prices for the month, Yurchenko said. "That led to a small increase in the overall monthly seasonally adjusted retention index," Yurchenko said in a news release.īlack Book reported that prices for vans of all sizes stayed strong in January. The January index number rose 53 percent from January 2021 and increased 72 percent from January 2020.īlack Book reported wholesale price declined in most vehicle segments but at a slower rate than in previous years, according to Alex Yurchenko, chief data science officer at Black Book. If they can obtain the vehicle you want at an auction, and at The Black Book value, most dealerships and used car lots will expect to make between 1,800 and. Black Book is typically more conservative than other book values. Dealerships will undoubtedly use Black Book to determine how much your trade-in is worth. The index reached 197 points in January, just 1.3 points higher than its December level, Black Book reported Wednesday. Since Black Book valuations are largely based on the selling price of used cars at a wholesale auction, Black Book tends to be accurate in its evaluations. Prices for midsize cars, sports cars and SUVs rose in January compared with December, while prices for compact cars, luxury cars and pickups decreased.īlack Book's Used Vehicle Retention Index grew just 0.6 percent in January from December, its lowest monthly rate of increase since July. Month to month, it was a different story. Pickups and luxury cars lagged the overall market. Van prices grew by nearly 60 percent, the biggest such change, followed by compact car prices, which rose 52 percent from January 2021.
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January price patterns varied by vehicle age and segment, with older vehicles likely to see stabilizing prices and younger vehicles likely to see larger declines, according to Manheim.Īverage wholesale prices for 3-year-old vehicles fell 2.9 percent for the full month, Cox reported.Īll major market segments saw seasonally adjusted year-over-year price gains in January, according to Manheim. Total used-vehicle sales fell 0.8 percent in January compared with the year-earlier period, Cox Automotive estimated. Black Book, the national guide that provides the values, uses an average wholesale used vehicle value based on Texas sales data. On a nonadjusted basis, the Manheim index fell 0.9 percent from its December level but rose nearly 41 percent year over year, according to Manheim. Those numbers were adjusted for mix, mileage and seasonality. The January number, however, was 45 percent higher than a year earlier. auctions, rose just 0.04 percent in January compared with December. used-vehicle prices has begun to level out.Ĭox Automotive said Monday that its Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim's U.S. Wholesale used-vehicle prices in January were largely unchanged from December though far higher than year-earlier numbers in another signal that the surge in U.S.
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