According to ADESA data, auction prices were up slightly in April. However, analysts say there is more to the story.

In the latest edition of Kontos Kommentary, executive vice president of ADESA Analytical Services Tom Kontos said the bump in auction prices — a 0.07-percent increase from March — is due in part to the type of models flowing through the lanes.

“Average wholesale used-vehicle prices were up on both a month-over-month and year-over-year basis again in April, but again this was mostly due to a significant proportion of sales of higher priced, late-model, off-rental, manufacturer program vehicles, which elevated average prices,” said Kontos. “Drilling down into these averages reveals softness in institutional sales prices that reflects growth in supply.”

According to ADESA Analytical Services monthly data, vehicles in the lanes in April went for an average of $10,711, which is up 2.2 percent year-over-year.

And much like trends seen in late spring and summer of last year, the SUVs and truck segments are faring well, while cars and crossovers are seeing a bit of a decline after tax-season highs.

Car segment prices were up a meager 0.1 percent from March and year-over-year, while the trucks saw prices rise by 2.1 percent on a monthly basis, and 9.3 percent from April 2014.

Midsize and compact car prices were on the way down in April, falling by 3.8 percent and 1.4 percent, respectively, from March levels. This trend is common for this time of year, as these segments represent the majority of tax-season buys.

The luxury car segment saw the biggest price increase among the cars, with an increase of 0.9 percent from March.

On the truck side of the market, the largest price spikes were seen among the luxury SUV and midsize SUV segments, which rose by 4.7 percent and 3.3 percent, respectively.

The pickups are performing strongly, as well, as compact pickups rose by 3 percent and fullsize pickup prices were up by 2.1 percent.

Taking a look at seller performance last month, Kontos pointed out dealer consignors saw the biggest monthly increase in price for vehicle remarketed, with rates rising by 1.8 percent month-over-month and 2.2 percent year-over-year.

Next up was the manufacturers, whose remarketing prices were up 1.7 percent from March, but down 7.6 percent from April 2014. Lastly, prices for fleet/lease consignors were down 0.2 percent sequentially and down 1.4 percent annually.