The Canadian used wholesale market was down slightly for the period ending on August 5, having declined -0.19% compared to the prior week’s -0.27%. The car segment, according to Canadian Black Book, fell by -0.01% and truck/SUV segment prices were down -0.36%.
In the United States, the overall car and truck segments were down -1.10% during the same period, and -0.37% the prior week. CBB’s Market Insights report also reveals that the U.S. volume-weighted car segments decreased -1.36%, versus the previous period, which was -0.27%.
For Canada, six out of 22 segments’ values are up for the week, including the compact van segment (0.64%) followed by the mid-size car segment (0.32%). On the down side, full-size pickups (-0.58%) and mid-size crossovers/SUVs (-0.57%) experienced the greatest decreases.
In terms of pricing, four of the nine car segments showed an increase, with the largest coming from mid-size cars (+0.32%), luxury cars (+0.04%), and prestige luxury cars (+0.01%). The largest decreases in pricing came from full-size cars (-0.14%) and near-luxury cars(-0.09%).
Eleven of the 13 truck segments experienced declines, including full-size pickups (-0.58%), mid-size crossovers/SUVs (-0.57%), and mid-size luxury crossovers/SUVs (-0.56%). Only one segment experienced an increase: compact vans (+0.64%).
The average listing price for used vehicles, as per the 14-day moving average, was around $38,000. The analysis is based on approximately 187,000 vehicles listed for sale on Canadian dealer lots, according to CBB.
“Many segments saw a change in average value of less than $100 this week as the Truck and SUV segments fell the most,” said CBB in its update. “Conversion rates were quite varied. Some observed sell rates were as low as 18% and as high as 56%, but most were in the 20-40% range.”
You can read the full report here.
