Executive Vice President, Customer Strategies & Analytics
ADESA Analytical Services
OPENLANE US Market Index has returned after months of hiatus, and now part of the ongoing integration with ADESA. OPENLANE’s US auction prices in May declined 3 percentage points versus prior month and ended 8 percentage points below May 2011.
ADESA’s View Reinforced that Prices Have Probably Seen Cyclical and Seasonal Peaks:
Fullsize vans and fullsize SUVs were only segments that showed month-over-month rises, aided by easing gas prices.
Tight Supplies May Be Easing, As Dealers Take More Trades on Rising New Vehicle Sales:
Used vehicle prices may be approaching a ceiling relative to new vehicle prices.
Wholesale Used Vehicle Prices Down 2.9% from April and Down 1.8% relative to May 2011:
OPENLANE market index reinforces wholesale price trends seen in ADESA Analytical Services data.