April 2011 Issue
OPENLANE Canadian Market Index

The OPENLANE Market Index represents pricing and dealer vehicle interest trends across all vehicle segments in our online marketplace.

The OPENLANE Price Index by Body Style measures pricing trends by vehicle segment. 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 a rolling 25-month pricing.

The OPENLANE Vehicle Interest Index by Body Style 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 and buyers 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.

Chart 1: Canadian Market Index - During March, overall Canadian auction prices remained even with the prior month and arrested a downward trend in pricing that began in December 2010. Moreover, prices ended 7 percentage points above March 2010 levels.



Chart 2: Canadian Price Trend by Body Style – Car, Minivan and SUV prices gained in March while Truck prices dropped month-over-month.


  • Car prices increased slightly in March, ending 1 percentage point higher than February levels.
  • Minivan prices rose 2 percentage points from February.
  • SUV prices grew by 1 percentage point versus the prior month.
  • Truck prices fell 2 percentage points from February levels.
 

Chart 3: Canadian Dealer Interest Trend by Body Style – Car and Minivan interest rose in March while SUV and Truck interest declined.


  • Dealer interest in Cars increased in March and exceeded 2010 levels by 19 percentage points.
  • Dealer interest in Minivans rose 7 percentage points and ended below March 2010 levels by 56 percentage points.
  • SUV interest decreased by 7 percentage points last month but ended 10 percentage points above prior-year levels.
  • Dealer interest in Trucks decreased 3 percentage points in March, and ended 15 percentage points below 2010 levels.

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