April 2009 issue
OPENLANE Market Index

The OPENLANE Price Index measures pricing trends by segment in our marketplace. It represents the most recent prices obtained at auction and provides for a high level trend of pricing in the just concluded month relative to monthly pricing since January 2008. Given the market volatility of 2008 in general, we have continued to show trends with January 2008 as a baseline. We intend to change the index to show a rolling 13 months at some point in the future.
The OPENLANE Vehicle Interest trend is unique to OPENLANE and represents a leading indicator of what dealers are interested in acquiring for their used vehicle inventory. The index should help consignors get an early indicator for vehicle demand and provide high level insight on what they can expect in the marketplace over the next 30-60 days.

OPENLANE US Market Index

US Price Trend: All vehicle segments continue to show healthy strengthening in price in March 2009.

  • Used vehicle wholesale pricing has seen an upward trend in all segments. Minivans, Trucks and SUVs have continued their upward trend since December 2008 while the car segment continued its upward trend since February 2009.
  • The Minivan segment is now at its highest level and 9 percentage points above March 2008 levels.
  • Trucks have also surpassed March 2008 levels by 9 percentage points.
  • SUV pricing is 1 percentage point above March 2008 levels.
  • Car pricing has not achieved March 2008 levels yet and is 4 percentage points below March 2008 levels.

US Dealer Interest Trend: All vehicle segments show increased dealer interest except SUVs.

  • Dealer interest continued its upward trend in Cars, Minivans, and to a lesser extent with Trucks.
  • The Car segment experienced an increase in March 2009 and is 1 percentage point above March 2008 levels.
  • Minivans had an upward trend in dealer interest since September 2008 but are 11 percentage points below March 2008 levels.
  • The Truck segment experienced a slight increase in dealer interest but is 20 percentage points below March 2008 levels reflecting the broader demand for trucks driven by the lagging home construction sector.
  • SUVs had a drop in dealer interest but still 8 percentage points above March 2008 levels.
OPENLANE Canadian Market Index

Canadian Price Trend: All vehicle segments show price increase in March 2009.

  • Used vehicle wholesale pricing in Canada has seen an upward trend in all segments.
  • Overall, SUV and Minivan pricing are slightly above March 2008 levels.
  • Car pricing has been above the March 2008 levels for 12 consecutive months and is 15 percentage points above March 2008 levels.
  • Truck pricing has not achieved March 2008 levels yet and is 11 percentage points below March 2008 levels.

Canadian Dealer Interest Trend: All vehicle segments show increased dealer interest except Minivans.

  • The Car segment experienced a significant increase in March 2009 and is 17 percentage points above March 2008 levels.
  • SUVs had a slight increase in dealer interest and are 5 percentage points above March 2008 levels.
  • The Truck segment experienced a 15 percentage point decrease in March 2009 but is at the same level as March 2008.
  • Minivans had a slight increase in dealer interest but falls 57 percentage points below March 2008 levels.

NEWS and updates

OPENLANE.com is excited to announce two new programs to the Open Auction! Dealers now have 24/7 access to a wider variety of makes and models, and a range of mileages to meet all buyers' needs.
Ford Credit vehicles are now available to all registered franchise and independent dealers on the Open Auction. Ford Credit has a large selection of Ford, Lincoln, and Mercury vehicles available today.
Avis Budget Group - one of the leading provider of vehicle rental services - now has fully inspected vehicles available on OPENLANE.com for purchase today. ABG has a great selection of 2008 domestic and import rental vehicles.

Contact Us

OPENLANE
Phone: 866-969-0321
Fax: 480-393-2960
Email Us

For questions or comments about this newsletter, send an email to news@openlane.com.






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