May 2009 issue
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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.
OPENLANE US Market Index
US Price Trend: Car pricing slightly trailing behind while all vehicle segments exceeded April 2008 levels.
US Dealer Interest Trend: Trucks show more dealer interest while other vehicle segments decline.
OPENLANE Canadian Market Index
Canadian Price Trend: All vehicle segments continue to show stronger prices in April 2008 and April 2009 levels.
Canadian Dealer Interest Trend: Higher dealer interest in cars while interest in other vehicle segments decline significantly.
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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
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