REDWOOD CITY, Calif. -
Wholesale prices showed sequential and year-over-year gains during December, according to the latest OPENLANE Market Index report, which indicated that values for all segments in the analysis climbed from November and two of the four showed year-over-year growth.
Specifically, OPENLANE’s index (129) was 4 percentage points stronger than the November level. Compared to December 2009, wholesale prices were up 2 percentage points.
Breaking it down by segment, car prices jumped 6 percentage points sequentially and also showed a year-over-year uptick. Likewise, minivan prices were also up year-over-year and sequentially, as they improved 1 percentage point month-over-month.
Meanwhile, there was a 2-percentage-point sequential upswing in SUV prices. However, this segment’s prices showed a year-over-year dip.
Prices climbed 11 percentage points over November in the truck market, but these values were down from December 2009.
Moving on to discuss dealer interest, OPENLANE said cars showed a month-over-month increase. However, compared to the year-ago level, December showed a 12-percentage-point drop for cars.
Minivans showed a 19-percentage-point gain over December 2009, although they still declined strongly on a sequential basis. SUVs were static compared to November and showed a 10-percentage-point year-over-year drop.
Finally, trucks were down on a year-over-year and sequential basis as far as dealer interest, falling 23 percentage points from the prior-year period.