OPENLANE: Trucks See End to Four-Month Wholesale Slide
Wholesale prices bested year-ago totals in July despite dipping 2 percentage points from June, according to OPENLANE. And although three of the four vehicle categories were down in price sequentially, one segment halted a long stretch of month-over-month decreases.
More specifically, OPENLANE’s U.S. Market Index was at 107 in July, compared to 109 in June and up from 104 in July 2010.
On the segment level, trucks ended what had been four straight months of sequential softening as their prices climbed 3 percentage points. Meanwhile, the remaining three segments (cars, minivans, SUVs) were all off from June.
There was a 3-percentage-point dip in both car and minivan values, while SUVs declined 2 percentage points month-over-month.
Breaking it down by dealer interest, there were month-over-month gains for SUVs (up 6 percentage points) and trucks, which were up “sharply,” according to OPENLANE.
SUVs were up 1 percentage point year-over-year and trucks declined 4 percentage points from July 2010.
Dealer interest in minivans dropped year-over-year (11 percentage points) and sequentially (5 percentage points) and cars dipped month-over-month (6 percentage points) while climbing 1 point from July 2010.