In the first half of 2019, there were 5.2% more vehicles 5 years old or younger running through the auction lanes than there was a year ago, according to J.D. Power Valuation Services.
The company’s latest Guidelines report showed a slight uptick (0.3%) in auction volume for this group of vehicles in the final month of the half, despite a 13.7% slide from May.
“In 2019, the largest volume increases are still being observed among SUV segments,” J.D. Power said in its report. “This is a trend that will continue as more of these models are sold on the new side of the market.”
For instance, there has been a year-to-date increase of 25.6% in compact SUV volume and a 14% increase for midsize SUV volume.
Comparing new-car volume to wholesale used
In a separate report, Cox Automotive looked at wholesale market volumes and compared them to how segment share of new-vehicle sales is trending.
According to the company’s Wholesale Market Insights report, 48% of Manheim sales this year have been cars, 36% have been SUVs, 11% have been pickups and 5% have been vans.
While the respective shares for pickups and vans have largely been relatively steady in recent years, cars have been on the decline since 2015 and SUVs have been on the upswing.
Turning to the new-car sales market, the share for SUVs is at 48%, steady with year-ago figures, but consistently rising since 2012. Cars, meanwhile, have been on the decline since 2012 and are at 30% share this year.
Pickups are at 17% and vans are at 5%.