Canada’s used wholesale market saw prices drop -0.30% for the week ending on Sept. 30, as the month wrapped up. This decline was more than the previous data period, as was the car segment’s decrease of -0.23% and trucks/SUVs decline of -0.37%.
According to Canadian Black Book’s latest Market Insights update, only one out of 22 segments’ values increased for the week. In the United States, the overall car and truck segments declined -0.08% last week and -0.22% the prior week. In particular, the volume-weighted car segments were down -0.15%, compared to -0.29% a week before that.
In terms of Canadian pricing, all but one of the nine segments experienced a decrease; the most significant coming from sports cars (-0.61%), followed by near-luxury cars (-0.39%) and compact cars (-0.38%). The one segment that saw an increase was sub-compact cars (+0.24%).
As for trucks/SUVs, 11 of the 13 segments experienced a decline. Full-size vans dropped a notable -1.45%, while compact vans were down -0.70% and full-size pickups decreased -0.59%. Another segment with a notable depreciation is compact crossovers/SUVs (-0.49%), along with compact luxury crossovers/SUVs (-0.38%).
The average listing price for used vehicles, based on the 14-day moving average, was approximately $38,350. The analysis is based on around 191,000 vehicles listed for sale on Canadian dealer lots, according to CBB.
You can read the full report here.