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Study: Used truck prices rebound

UPDATED: 9/5/08 5:00 pm EDT

Falling gasoline prices helped boost wholesale prices of large used trucks in August, NADA AuctionNet data show.

Average August wholesale prices of used full-sized pickups rose 7.7 percent -- about $900 -- from June 30, when gasoline prices peaked, according to AuctionNet. From Jan. 1 to Aug. 31, prices of big used pickups declined 14.5 percent.

Similarly, August auction prices of large SUVs rose 8.9 percent -- about $1,300-- from June 30, but were down 11.3 percent for the year. By contrast, wholesale prices of intermediate compact cars were up 22.0 percent for the year.

AuctionNet data are based on auction sales by Manheim, ADESA Inc. and independent companies. NADA Used Car Guide compiles the data.

You can reach Arlena Sawyers at asawyers@crain.com

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