Wednesday, May. 17, 2017, 04:38 PM UPDATED 4:46 PMBy Joe Overby
McLEAN, Va. -
Late-model auction sales volume in the first third of the year is still up 7 percent, but it slowed last month.
According to the Used-Car Light Truck Guidelines report from J.D. Power Valuation Services, there were 244,381 auction sales of late-model vehicles in April.
That’s down 7 percent month-over-month and off 1 percent year-over-year.
That said, there have been 955,447 late-model auction sales year-to-date through April, which is up 7 percent, J.D. Power said.
Leading that crowd is the midsize car segment. Its late-model volume is at 179,500 units year-to-date, an 8-percent increase.
Compact utilities (141,800), compact cars (131,600) and midsize utilities (103,400) are also above the 100,000-unit auction sales threshold for the year.
The biggest increase through four months has been the luxury compact utility vehicle, whose late-model auction sales volume is up 51 percent at 12,600 units, according to J.D. Power.
Midsize pickups are also a high-riser in the late-model sector, with auction sales (8,800) up 43 percent through four months.
Luxury midsize cars (down 27 percent) have shown the highest decrease in year-to-date auction sales volume of late-model vehicles, followed by subcompact cars (12 percent), luxury compact cars (11 percent), large cars (10 percent) and compact cars (4 percent).
All other segments are up.
Late-model units are those 3 years or younger.
As far as auction sales volume of vehicles up to 8 years in age (for the month of April alone), that figure was relatively steady year-over-year at and down 8 percent month-over-month at 366,909 units, J.D. Power said.