June 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 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 continued to exceed May 2008 levels except Cars.

  • Car pricing leveled off last month falling 2 percentage points below May 2008 levels.
  • Minivan pricing continued to be at its highest level surpassing May 2008 levels by 21 percentage points.
  • SUVs continued their upward trend since December 2008 with a price increase of 3 percentage points last month exceeding May 2008 levels by 7 percentage points.
  • Truck segment showed a slight decrease last month (the only segment to see a drop) but topped May 2008 levels by 16 percentage points.

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

  • Dealer interest in the Car segment showed an increase of 5 percentage points in May 2009 but fell 6 percentage points below May 2008 levels. Recall that interest in the car segment back in May 2008 was driven largely due to high oil prices
  • Minivans experienced an increase in dealer interest of 5 percentage points last month and exceeded May 2008 levels by 16 percentage points.
  • Dealer interest in SUVs dropped 3 percentage points last month but surpassed May 2008 levels by 9 percentage points.
  • Trucks showed a drop in dealer interest of 13 percentage points in May 2009 and 5 percentage points in May 2008 levels.
OPENLANE Canadian Market Index

Canadian Price Trend: Car pricing showed a slight increase while other vehicle segments declined.

  • The Car segment experienced a small increase in price last month and exceeded May 2008 levels by 11 percentage points.
  • Minivan pricing showed a decrease of 5 percentage points in May 2009 but continued to be above May 2008 levels by 4 percentage points.
  • SUV pricing declined 3 percentage points last month but remained flat compared to May 2008 levels.
  • The Truck segment experienced a small decrease in May 2009 but exceeded May 2008 levels by 5 percentage points.

Canadian Dealer Interest Trend: Interest in all vehicle segments continued to increase except Trucks.

  • Dealer interest in Cars continued its upward trend since January 2009 and exceeded May 2008 levels by 8 percentage points.
  • Minivans experienced a small increase of 3 percentage points last month falling 18 percentage points below May 2008 levels.
  • Dealer interest in SUVs showed a slight increase of 2 percentage points in May 2009 but surpassed May 2008 levels by 5 percentage points.
  • Trucks had a decline in dealer interest of 9 percentage points last month falling 6 percentage points below May 2008 levels.
NEWS and updates

Chase Auto Finance has remarketed vehicles via OPENLANE's online auction for over four years and recently announced its use of online remarketing programs was accelerated by 300 percent since February 2008. OPENLANE has a long-standing relationship with Chase Auto Finance, which has continued to grow every year. Chase now remarkets nearly 60 percent of all its off-lease vehicles through OPENLANE's online automotive auction site OPENLANE.com. OPENLANE works closely with Chase to refine the remarketing process and develop programs and sales initiatives to increase the percentage of used vehicles they can remarket and sell online. Read More

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