Monday, Oct. 05, 2020, 11:18 AM
Full-size pickups are built for hauling capability, and these particular vehicles certainly are carrying wholesale prices higher.
Referenced by KAR Global chief economist Tom Kontos, as well, Black Book senior vice president data science Alex Yurchenko described what full-size pickups did to wholesale prices as Black Book shared its Used Vehicle Retention Index for September.
According to the newest reading released on Monday, the index rose 1.8 percentage points from August to September to land at 130.8.
“Overall, the Index increased slightly in September,” Yurchenko said in a news release. “The increase was driven mostly by the strength of the full-size pickup segment in the first part of September as most of the other segments saw a drop in the index.
“We expect the continuation of weakening of most of the segments including full-size