OPENLANE: Canadian Auction Prices Show Sequential Stability
REDWOOD CITY, Calif. — After a 3-percentage-point month-over-month decline in May, Canadian auction prices were steady in June as compared to the prior month, though they were softer than year-ago levels, according to OPENLANE's latest Canadian Market Index.
Specifically, the average auction pricing for the month was off 8 percentage points compared to June 2009, but remained static versus May.
"Canadian prices held steady in June ending the month even with May levels," officials noted. "Overall YTD trends indicate that Canadian prices have arrested the steep declines in prices they experienced from December 2009 to February 2010."
Looking at individual segments, there was relative steadiness among cars and SUVs, while prices for minivans and trucks dipped.
Breaking it down, car prices, on a month-over-month basis, climbed 1 percentage point.
SUVs were also steady from May.
Meanwhile, minivans showed priced declines over the course of the month, and by the end of June, they were off 6 percentage points compared to the prior month.
Trucks also saw their pricing fall and by month's end, their prices were 2 percentage points softer than the May level.
Moving on to discuss dealer interest, cars climbed 24 percentage points from their year-ago levels despite being static from May.
For minivans, there was a 17-percentage-point dip from May but a 13-percentage-point year-over-year upswing.
SUVs showed a 13-percentage-point monthly gain and a 4-percentage-point year-over-year increase.
Compared to the prior month, trucks were down 2 percentage points in dealer interest. Versus June 2009, they dipped roughly 48 percentage points.