The Canadian Black Book Used Vehicle Retention Index for September 2021 reached a new high of 132.6 points—up 4.8 points (3.8%) over August.
According to CBB, the index experienced growth for 14 out of the past 15 months, with September representing the second largest month-over-month increase ever, behind March of 2021 at +4.1%.
“Continued supply disruptions are causing havoc for OEMs and retail channels alike. Delays, coupled with strong demand, have sent retained values skywards with no immediate end in sight,” said Yolanda Biswah, Senior Vice President and General Manager at Canadian Black Book.
CBB said the index in September was 21.7% higher compared to the same time last year, when it sat at 109 index points. For September 2021, the segments with the highest value increase were near-luxury cars (+7.3%), full-size cars (+5.3%), and sports cars (+5.8%).
“This month saw increases across all segments measured, with no segment experiencing any value decrease,” said CBB.
