McLEAN, Va. -

According to the latest Guidelines report from J.D. Power Valuation Services, auction sales volume of models up to 8 years old rose just 1 percent over the four-week period ending Feb. 27 compared to the previous four-week period. The volume rise included 379,700 units.

Analysts determined volume for the cohort was also essentially unchanged from levels recorded over the same period last year. They added that late-model vehicle volume (units up to 3 years old) increased “substantially” in February, rising 6 percent to nearly 222,000 units.

Volume for this age group was also 5 percent above February 2016 levels.

The report mentioned more significant monthly increases occurred for subcompact and compact cars (up 12 percent) and large cars (up 13 percent). At the opposite end of the spectrum, luxury midsize car sales volume fell 4 percent while luxury midsize utility volume was off by 15 percent versus January.

In share terms, J.D. Power indicated cars represented 55 percent of late-model auction sales volume over the period, up from 54 percent in January.

“It’s worth noting that car share of new-vehicle sales was just 37 percent in February,” analysts said via Guidelines.

J.D. Power closed by noting sales volume of models up to 8 years old was up nearly 5 percent over the first two months of the year versus the same span in 2016, while late-model volume was 10 percent higher.