OPENLANE: Prices, Dealer Interest See Uptick in Wholesale Market
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
REDWOOD CITY, Calif. –
Wholesale prices gained some ground in August, climbing on both a year-over-year and sequential basis, according to OPENLANE, which also noticed month-over-month increases in dealer interest for three out of four segments.
More specifically, the company’s U.S. Market Index came in at 107 for August, up from 105 in July and 103 in August 2010.
Breaking it down by segment, car values showed a 3-percentage-point sequential gain, while minivans were up 1 percentage point.
There was no movement in SUV prices and a 6-percentage-point drop for trucks.
As far as dealer interest, cars were down 2 percentage points sequentially and 1 percentage point year-over-year.
Minivan interest jumped 2 percentage points over July and climbed 15 percentage points over August 2010.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
There was a 2-percentage-point hike in SUV interest from July. However, interest for this segment dipped 2 percentage points year-over-year.
Lastly, trucks moved ahead “sharply” on a month-over-month basis. Compared to August 2010, they were up 4 percentage points.
