MARKHAM, Ontario -

Canadian Black Book vice president of research and analytics Brian Murphy summed up the latest reading of the CBB Retained Value Index with six words.

“What goes up, must come down,” Murphy said in a news release sent to Auto Remarketing Canada this week.

Coming off a record high established in September, the seven-month winning streak of month-over-month gains for the CBB Retained Value Index ended in October. Murphy and the CBB team noted the industry-wide decline was small, only 0.2 index points.

That said, the firm noted the streak ending does follow some of the negative sentiment being heard from Canadian Black Book clients in recent weeks.  As a reminder, the index tracks the actual retained value of 2- to 6-year-old vehicles in the Canadian marketplace.

“We’ve experienced an impressive run of used-vehicle value success over the past seven months,” Murphy continued. “Even though the Index has dropped, it is very slight, and overall retained value is still just below record-high levels.”

CBB highlighted the biggest winners this month include the compact car segment, which is up 10 points from the same time last year and 0.9 points from last month. Subcompact cars had a tiny decline in October, however, they're still up 9 points from last year. 

Compact Luxury CUV/SUV inched up 0.6 points from September but dipped 3 points compared to October of last year.  Analysts added prestige luxury cars, a struggling segment recently, moved up 1 point in October.

On the down side, CBB pointed out the luxury car segment decline 2 points in October and is down 7 points from the same time last year. 

Analysts also mentioned minivans continue to show signs of weakness, as the segment is off by 6 points compared to October of last year.  Small pickups also declined 1 point in October and gave up 6 index points compared to last year.

CBB closed its latest update by noting the Canadian dollar hit a 3-month high at the end of October at 0.765 USD.

“The higher dollar does make exporting used vehicles to the U.S. market less attractive, yet still at a level where profits can be had,” analysts said. “Stay tuned to next month’s index as we track the trends heading into the winter selling months.”