REDWOOD CITY, Calif. -
Despite being softer than September levels, wholesale prices showed a year-over-year gain of 2 percentage points, according to the latest OPENLANE Market Index report, which pointed to mixed sequential results across its various segments.
Specifically, the index was at 119, which was down from 120 in September, officials shared. However, this was up 2 percentage points from the level reached a year ago (117).
Breaking it down by segment, car prices in October showed a gain of 2 percentage points from the month-ago level. Minivan prices softened from October 2009 and showed a 9-percentage-point decline on a month-over-month basis.
There was a 4-percentage-point month-over-month dip in SUV prices. Meanwhile, truck prices dipped on a year-over-year basis and were off 2 percentage points on a month-over-month basis.
Moving on to discuss dealer interest, cars showed a month-over-month decline. However, interest in this segment gained 9 percentage points from the year-ago level.
Next up were minivans, which climbed in dealer interest on a sequential basis. Moreover, they improved 32 percentage points from October 2009.
Meanwhile, interest in SUVs dropped on a month-over-month basis (down 2 percentage points) and a year-over-year basis (down 10 percentage points).
Finally, trucks showed a month-over-month gain when it came to dealer interest. Compared to a year ago, though, dealer interest was off 20 percentage points.