Canadian Black Book recently released its Used Vehicle Retention Index for February 2025, which saw the index sitting at 138.9 points compared to 138.0 in January. Year-over-year, CBB said the index is down -3.3%.
“Wholesale vehicle values in Canada are under upward price pressure in February with volumes decreasing and demand staying strong,” said David Robins, Senior Manager and Head of Canadian Vehicle Valuations at Canadian Black Book, in a statement.
“As U.S. tariffs have been implemented on March 4 and a Canadian retaliatory response phased in over the following 21 days, we expect increased instability while markets adjust to these major changes,” he said.
CBB reports show the index peaked in March of 2022 at 165 Index points. Prior to this, the index experienced unprecedented growth in used values beginning in the late summer of 2020, when the Index was as low as 100.5 points.
The company calculates its index using its published Wholesale Average value on two to six-year-old used vehicles, as a percent of original typically equipped MSRP.
