Used vehicle prices down -0.16%, four segment values increase

This week, Canadian Black Book’s data shows that the Canadian used wholesale market experienced a slightly less intense decline of -0.16% compared to the prior week’s -0.26% in prices, for the period ending on September 9.

According to CBB’s latest market insights report, the car segment fell by -0.06% (compared to -0.09% the prior week) and truck/SUV prices were down -0.25% (compared to -0.42% a week earlier). Four out of 22 segments’ values increased during the current reporting period.

In the United States, the overall car and truck segments declined -0.75% last week, and -1.40% the prior week. The volume-weighted car segments were down -0.89%, compared to the previous reporting period, when the decrease was more pronounced, at -1.44%.

As for Canada, seven of the nine car segments experienced a decline in pricing, with the largest decline coming from compact cars (-0.16%), full-size cars (-0.14%), and near luxury cars (-0.10%). On the up side, two segments managed an increase: sub-compact cars (+0.07) and mid-size cars (+0.06%).

For trucks/SUVs, 11 of the 13 segments showed a decline. Full-size crossover/SUVs, for example, had the largest drop (-0.64%), followed by full-size luxury crossovers/SUVs (-0.61%) and mid-size crossovers/SUVs (-0.57%). At the same time, small pickups (+1.30%) and compact vans (+0.01%) increased in value.

The average listing price for used vehicles, based on the 14-day moving average, was approximately $38,250. The analysis is based on around 189,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

You can read the full report here.

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