May 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: Car pricing slightly trailing behind while all vehicle segments exceeded April 2008 levels.

  • Car pricing is the only segment that has not achieved April 2008 levels yet and is 4 percentage points below April 2008 levels. We should recall that pricing in the Spring/Summer of 2008 was driven up greatly by oil prices.
  • Minivan pricing leveled off but remains at its highest level surpassing April 2008 levels by 7 percentage points.
  • SUVs experienced 3 percentage points increase in April 2009 and 2 percentage points above April 2008 levels.
  • The Truck segment showed a slight decrease last month but topped April 2008 levels by 8 percentage points.

US Dealer Interest Trend: Trucks show more dealer interest while other vehicle segments decline.

  • Dealer interest in cars remained flat relative to March 2009 and 4 percentage points below April 2008 levels.
  • Dealer interest in Minivans declined by 2 percentage points in April 2009 but exceeded April 2008 levels by 5 percentage points.
  • Interest in SUVs remained flat as well with a 1 percentage point drop in dealer interest but still 7 percentage points above April 2008 levels.
  • Trucks are the only vehicle segment that showed an increase in dealer interest in April 2009. Interest increased by 8 percentage points and slightly below April 2008 levels.
OPENLANE Canadian Market Index

Canadian Price Trend: All vehicle segments continue to show stronger prices in April 2008 and April 2009 levels.

  • The Car segment experienced a small increase in April 2009 and is 15 percentage points above April 2008 levels.
  • Minivan pricing was up 20 percentage points last month and topped April 2008 levels by 14 percentage points.
  • SUV pricing surpassed April 2008 and April 2009 levels by 2 percentage points.
  • The Truck segment showed an increase of 9 percentage points in April 2009 exceeding April 2008 levels by 3 percentage points.

Canadian Dealer Interest Trend: Higher dealer interest in cars while interest in other vehicle segments decline significantly.

  • Dealer interest in Cars continued to increase significantly in April 2009 and is 29 percentage points above April 2008 levels.
  • Minivans experienced a 14 percentage point decrease last month falling 41 percentage points below April 2008 levels.
  • Dealer interest in SUVs declined in April 2009 but exceeded April 2008 levels by 4 percentage points.
  • Trucks had a 12 percentage point drop last month declining 21 percentage points below April 2008 levels.

NEWS and updates

OPENLANE is excited to announce a record-breaking first quarter of 2009 including a new record of over 100,000 vehicles sold on OPENLANE's online wholesale vehicle auction in a single quarter. OPENLANE also set new monthly, weekly, and daily sales highs during the first quarter. Read More
OPENLANE recently launched a new customer service portal to enable faster communication and enhance convenience to our dealer community. The new portal allows dealers to create cases, track status of cases, and share documentation online with OPENLANE anytime, any day. Read More

Contact Us

OPENLANE
Phone: 866-969-0321
Fax: 480-393-2960
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For questions or comments about this newsletter, send an email to news@openlane.com.






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