The real view of the RVI Used Vehicle Price Index showed an increase in wholesale vehicle prices of 0.6 percent in April when compared to March. When compared to April of last year, the index fell by 5.5 percent.
When looking at the nominal view of the Used Vehicle Price Index, the reading ticked up by 0.5 percent in April as compared to March. However, prices fell by 3.9 percent from last year.
RVI Group noted when it released its most recent market update on Wednesday that most vehicle segments saw small upticks in residual values on a month-over-month basis in April.
Sporty coupes and full-size sedans saw the greatest month-over-month increase in April at 1.9 percent and 2.2 percent, respectively.
Meanwhile, luxury full-size sedans and compacts saw the greatest declines, both at 1.1 percent.