Dealers may be interested to note that the Canadian used wholesale market experienced a decline in prices of -0.43% for the week ending on Dec. 23, which is the latest market update from Canadian Black Book.
The decline is slightly more than the 2017-2019 average of the same week, and less than the prior week’s -0.74%. The car segment was down -0.41%, compared to the previous reporting period’s -0.51%. And the truck/SUV segment prices declined -0.45%, compared to the prior week’s -0.97%. Not a single segments’ values increased for the week.
In comparison, the overall car and truck segments in the United States were down -0.70% last week and -1.05% the prior week. The volume-weighted car segments decreased -0.51%, versus the previous period’s -1.03%. And the volume-weighted truck segments declined -0.78%, compared to the prior week’s decrease of -1.06%.
For the Canadian market, only one of the nine car segments did not experience a decrease; premium sports cars did not see a change in pricing. But compact cars, (-0.91%), sub-compact cars (-0.84%), and full-size cars (-0.71%) all experience significant declines.
For trucks/SUVs, the largest decrease came from sub-compact luxury crossovers (-1.20%), sub-compact crossovers (-1.08%), and mid-size luxury crossovers/SUVs (-1.00%). Another segment with a notable depreciation was minivans (-0.81%).
The average listing price for used vehicles, as per the 14-day moving average, was approximately $37,650. The analysis is based on around 210,000 vehicles listed for sale on Canadian dealer lots, according to CBB.
The full report is available here.
