OPENLANE: Canadian Wholesale Values Show September Gains
October 09, 2009
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MENLO PARK, Calif. — Following downward movement in July and August, Canadian wholesale prices climbed extensively throughout September before leveling off during the final two weeks of the month, according to the latest OPENLANE Market Index report.
Specifically, after the Canadian Market Index dipped down to the 108 range during in August, it rose to 122 by the fourth week of September and remained steady, officials noted.
Breaking down Canadian used-vehicle price trends by segment, car values trended upward during the first two weeks of September and the reached a plateau during the final two weeks.
Minivan prices declined at the start of the month, but rose to an apex during the last few weeks.
Meanwhile, SUV prices showed a slight dip in the second week of September, and peaked late in the month. Prices in the truck segment were quite volatile, and finished September moderately ahead of the prior month.
Moving on to discuss dealer interest, cars showed a narrow dip from the prior month but were up 40 percentage points year-over-year, officials noted.
Dealer interest for SUVs was up 1 percentage point from a year ago, and leveled off from its August level.
The truck segment had a 4-percentage point increase in dealer interest from August, but was down 48 percentage points from last year.
Finally, dealer interest in vans was off 4 percentage points from the previous month and 11 percentage points from September 2008
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