Canadian Black Book updated its Used Vehicle Retention Index for March 2025 to show the index sitting at 139.8 points, a difference of 0.9 points compared to February, when the index was 138.9. Year-over-year, the index decreased 2.4%.
“Canadian Black Book’s used vehicle retention index continues its upward trajectory in March as vehicle exporters increased their demand, while the threat of current and future tariffs persists on both sides of the border,” said David Robins, Senior Manager and Head of Canadian Vehicle Valuations at Canadian Black Book, in a statement.
As a reminder, the index peaked in March of 2022 at 165 points. It then enjoyed unprecedented growth in used values starting in the late summer of 2020, when the index was as low as 100.5 points.
CBB calculates its Used Vehicle Retention Index using its own published data on Wholesale Average value for two to six-year-old used vehicles, as a percent of original typically equipped MSRP. CBB said It is weighted based on “registration volume and adjusted for seasonality, vehicle age, mileage, and condition.:
“The Index offers an accurate, representative, and unbiased view of the strength of today’s used vehicle market values,” they said.
