OPENLANE: Wholesale Prices Up 4 Percent
Though static on a year-over-year basis, wholesale prices climbed 4 percentage points from March, according to OPENLANE. The company said Wednesday that it saw sequential growth in three of its four segments.
Specifically, the company’s U.S. Market Index in April was at 109, compared to 105 during March.
There were gains in the car, minivan and SUV segments, while average truck values dropped on a month-over-month basis. Car prices improved 6 percentage points from March, and minivans climbed 2 percentage points.
The SUV segment notched a 1-percentage-point gain. There was a 5-percentage-point dip in truck prices
Moving over to the dealer interest side of OPENLANE’s analysis, the company found noticeable gains for minivans, with cars and trucks staying fairly steady month-over-month. SUV interest faded, OPENLANE noted.
Breaking it down, cars were static month-over-month in terms of dealer interest and gained 13 percentage points over the year-ago period. Minivans were not only up from March, but improved 38 percentage points from April 2010. SUVs showed a month-over-month drop, while dipping 15 percentage points year-over-year.
Lastly, trucks were static month-over-month, dipping 28 percentage points from the year-ago period.