Openlane: Auction Prices Up 4% Year over Year
In its February Market Index report, Openlane reports that car prices decreased in January but remained above January 2010 levels. Minivan prices and interest spike.
Results from the latest edition of the OPENLANE Market Index report show that U.S. auction prices decreased 5 percentage points in January compared to December 2010 prices, but ended 4 percentage points above levels one year ago in January 2010.
Highlights from the February Market Index report include:
Car prices decreased 7 points in January, but remained above January 2010 levels
Minivan prices increased, up 5 points from December
SUV and Truck prices both dropped in January, down 3 percentage points and 4 percentage points, respectively
Interest in Cars and Minivans increased, with Car interest rising 7 points and Minivan interest spiking to exceed January 2010 levels by 11 points
SUV interest was slightly down last month and Truck interest remained flat
For more details on the highlights above, click here to view Market Index Report in its entirety.
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