No matter which way the analysts at RVI Group looked at October wholesale prices, they noticed increases versus September’s readings as well as from year-ago figures.
The RVI Used Vehicle Price Index (Real) increased from September to October by 2.0 percent. When compared to October of last year, prices rose by 1.1 percent.
The firm’s Used Vehicle Price Index (Nominal) climbed by 2.1 percent in October versus September. That index also increased by 3.0 percent year-over-year.
Analysts pointed out that used-vehicle prices also are up on a year-over-year basis for more than half of vehicle segments, with full-size pickups leading the way at 3.9 percent.
Also making notable upward year-over-year movements in October were full-size vans (up 3.2 percent), sports cars (up 2.3 percent) and midsize SUVs (up 1.7 percent)
Conversely, small pickups paced the declines in October as prices for these units softened by 3.5 percent. Only one other segment sustained a year-over-year decline greater than 1 percent in October; subcompacts at 1.1 percent.