Dealer interest in used SUVs and minivans is increasing, putting prices for those vehicles at their highest level since January 2008, according to OPENLANE's Market Index report.
SUV prices exceeded June 2008 levels by 18 percentage points and minivan prices exceeded June 2008 levels by 27 percentage points. Car prices remain slightly below June 2008 levels.
Minivan interest climbed 19 points in June, surpassing June 2008 levels by 47 points.
The index tracks trends on online pricing and dealer vehicle interest based on
OPENLANE's wholesale online auction activities.
The index indicates dealer interest in trucks has fallen significantly. Truck interest fell 14 percentage points this June, and is currently 34 percentage points below June 2008 levels.
Dealer interest in cars declined slightly in June falling 5 percentage points.