Residual Value Insights

Black Book’s Q4 2025 Residual Value Forecast remains steady despite late-quarter volatility in the used wholesale market. While values adjusted more sharply in October and November, conditions stabilized by December, reinforcing expectations for a gradual normalization rather than a structural decline. Three-year residual values continue to hold in the low 50% range, remaining roughly five percentage points above pre-2020 levels, supported by higher new-vehicle prices and constrained used supply. Overall, Black Book expects historically strong used vehicle values to persist through at least 2028.