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.

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.

• US Market Index
• Canadian Market Index

The OPENLANE US Market Index is a new feature we have added to our monthly indices. This index represents pricing trends across all vehicle segments. We continue to present price indices by vehicle segment in subsequent sections of this monthly report.

Used vehicle wholesale prices in the US began to show recovery in January 2009. Prices experienced a rapid increase through Q1 2009. Since March 2009, overall pricing has continued to increase although at a much slower rate compared to Q1 2009.

• Car pricing showed a slight increase last month and 4 percentage points below August 2008 levels. Car pricing is at its highest level since October 2008.
• Minivan pricing leveled off last month and surpassed August 2008 levels by 32 percentage points.
• SUV pricing continued to be at its highest level exceeding August 2008 levels by 22 percentage points.
• Truck pricing also continued to be at its highest level exceeding August 2008 levels by 25 percentage points.

US Dealer Interest Trend: Dealer interest in Cars and Trucks increased while interest in SUVs and Minivans declined.

• The Car segment showed a slight increase in dealer interest last month and exceeded August 2008 levels by 13 percentage points. Dealer interest in Cars remained stable in the last 6 months.
• Dealer interest in Minivans dropped 10 percentage points last month but continued to exceed August 2008 levels by 53 percentage points.
• SUVs experienced a small drop in dealer interest last month declining 11 percentage points below August 2008 levels.
• The Truck segment showed a slight increase in dealer interest last month but fell 38 percentage points below August 2008 levels.

Canadian Price Trend: Canadian used car values declined slightly.

Canadian wholesale prices showed strength in Q1 2009 as well, however, unlike the US, Canadian used vehicle wholesale prices have showed a decline relative to Q1 2009.

• Car pricing showed a downward trend last month dropping 5 percentage points below August 2008 levels.
• The Minivan segment increased 7 percentage points last month and surpassed August 2008 levels by 20 percentage points.
• SUV pricing leveled off last month and exceeded August 2008 levels by 14 percentage points.
• Truck pricing is at its highest level increasing 5 percentage points last month and surpassed August 2008 levels by 34 percentage points.

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

• The Car segment is at its highest level showing a significant increase in dealer interest last month and exceeding August 2008 levels by 55 percentage points.
• Dealer interest in Minivans is at its lowest level declining 32 percentage points last month and falling 37 percentage points below August 2008 levels.
• The SUV segment showed an upward trend in dealer interest last month but down 3 percentage points from August 2008 levels.
• Dealer interest in Trucks is at its lowest declining 20 percentage points last month and falling 51 percentage points below August 2008 levels.