RVI: Wholesale Market Maintains Upswing

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STAMFORD, Conn. –
The sequential gains in the wholesale market rolled on during April, according to the latest analysis from RVI Group. Specifically, analysts spotted a 2.4-percent month-over-month gain (seasonally adjusted) and a 16.1-percent year-over-year hike in the month’s wholesale prices.
In light of fuel-cost hikes — national gas prices are now close to $4 a gallon — the market is still seeing smaller segments climb dramatically in price, RVI noted.
For instance, prices for sub-compact vehicles were up 9.2 percent on a month-over-month basis in April, the heaviest gain for any segment.
Compacts were next with a 5.2-percent gain, followed by small sedans, which increased 4.7 percent.
What’s more, the sole decliner from March was the full-size pickup segment, whose values dipped 0.3 percent.
Additionally, larger segments like luxury full-size sedans (up 0.4 percent), only increased marginally compared to the average change in the industry. Other large segments that were well below the industry’s 2.4-percent increase were full-size SUVs (up 0.6 percent) and luxury SUVs (up 1 percent), analysts pointed out.
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Moving on, RVI also shared some data with regards to new-vehicle pricing from March.
The company found that there was a 0.7-percent month-over-month increase in new-vehicle transaction prices during the month and a 1.7-percent year-over-year increase.