The Canadian Black Book Used Vehicle Retention Index for March 2018 reached the same all-time high of 103.0 that was set in December 2017, according to a CBB news release.
The report also reveals that the industry-wide wholesale value index increased by 3.2 per cent from the same period a year earlier, and is up 0.5 per cent from February 2018. CBB also notes that the weaker Canadian dollar, which was just under 78 cent at the beginning of March before it fell to 76.5 cents, has helped ensure that Canadian vehicles remain affordable for export for part of the month.
In terms of segment gains, the biggest value winners from last year are compact cars with a 7.8 per cent increase and mid-size cars with a 6.5 per cent increase. The compact crossover/SUV and full-size car group experienced the most significant percentage gains from last month, with both segments up 1.8 per cent from February 2018.
Full-size pickups declined 1.9 per cent and minivans took a 4.7 per cent dive compared to March 2016. The full-size crossover, luxury car and full-size van segments all decreased by 0.6 per cent from last month’s index.
