July 2009 Issue
OPENLANE Market Index

The OPENLANE Price Index measures pricing trends by segment in our online 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 sometime 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 continued to show price stability in June 2009; Dropping dealer interest in Trucks.

  • Car pricing continued to remain unchanged for three consecutive months and slightly below June 2008 levels.
  • Minivan pricing continued to be at its highest level since the January 2008 baseline exceeding June 2008 levels by 27 percentage points.
  • SUV pricing is also at its highest level since the baseline and continued to strengthen last month surpassing June 2008 levels by 18 percentage points.
  • Truck segment remained flat last month and exceeded June 2008 levels by 23 percentage points.

US Dealer Interest Trend: SUVs and Minivans showed more dealer interest while interest in Trucks decline significantly.

  • The Car segment experienced a slight decline in dealer interest last month and fell 5 percentage points below June 2008 levels.
  • Dealer interest in Minivans is at its highest level since the January 2008 baseline climbing 19 percentage points last month and surpassed June 2008 levels by 47 percentage points.
  • SUVs experienced an increase in dealer interest of 5 percentage points last month and topped June 2008 levels by 15 percentage points.
  • Dealer interest in Trucks fell 14 percentage points in June 2009 and 34 percentage points in June 2008 levels.
OPENLANE Canadian Market Index

Canadian Price Trend: All vehicle segments showed stronger pricing compared to June 2008.

  • Car pricing showed an increase of 4 percentage points last month and exceeded June 2008 levels by 14 percentage points.
  • The Minivan segment also experienced an increase of 4 percentage points last month and surpassed June 2008 levels by 13 percentage points.
  • SUV pricing remained flat last month and showed a small decrease of 2 percentage points below June 2008 levels.
  • Truck pricing showed a slight decrease of 3 percentage points last month but exceeded June 2008 levels by 24 percentage points.

Canadian Dealer Interest Trend: Trucks and Minivans showed more dealer interest while interest in Cars and SUVs decline.

  • The Car segment experienced a slight dip in dealer interest last month but exceeded June 2008 levels by 3 percentage points.
  • Dealer interest in Minivans showed an increase of 8 percentage points last month but declined 18 percentage points below June 2008 levels.
  • The SUV segment showed a small decrease in dealer interest last month but still slightly above June 2008 levels.
  • Dealer interest in Trucks increased 4 percentage points in June 2009 and remained unchanged from June 2008 levels.

NEWS and updates

OPENLANE recently promoted Mike Briggs to vice president of transportation. Briggs has been instrumental to the success of OPENLANE's transportation services and is responsible for continually improving upon the transport process for consignors and dealers across North America. Read More

OPENLANE expands relationship with Ford Motor Credit Company making its off-lease inventory available on the open auction. This provides dealers across the US with additional Ford, Lincoln, Mercury, Mazda, Land Rover, Jaguar and Volvo brand vehicles. Read More

Contact Us

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Phone: 866-969-0321
Fax: 480-393-2960
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