
The declines are continuing to close out the second week of 2022 with majority of segments reporting drops in valuations.
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The year is starting off with declines in many segments, but it remains to be seen if we reached the peak of increases before the holidays or if we will return to increasing values as the market prepares for spring.
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Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.
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The seasonally adjusted Retention Index increased to 195.7 points.
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2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking increases.
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Winter and Christmas sales events make for a busy end of year for dealers, but the last two weeks of the year are traditionally slow for the auctions and that held true this year.
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As calendar year 2021 comes to a close, wholesale prices continue to rise, and noticeable differences can be seen compared to prior calendar years.
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The J.D. Power Valuation Services Used Vehicle Price Index reached an all-time high in November.
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As we head into the last month of the year, used retail listings have stabilized around 16% below where we started the year.
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The seasonally adjusted Retention Index increased to 189.9 points, reaching another record.
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