Returning from the long weekend, dealers may be interested to note that the Canadian used wholesale market saw a decline in prices of -0.17% for the week ending on March 30, according to Canadian Black Book. That is right in-line with the 2017-2019 average of the same period (in this case -0.18%), and not too far from the prior week’s -0.23%.
The case is not quite the same for the car and truck/SUV segments: the car category was down -0.19%, closer to the previous week’s -0.35% than the 2017-2019 average of -0.09%. And truck/SUVs segment prices declined -0.16%, also closer to the prior week’s -0.11% than the 2017-2019 average of -0.27%. Five out of 22 segments’ values increased for the week.
In the car category, compact cars experienced the most significant decline at -0.80%, followed by sub-compact cars at -0.70%. However, full-size cars were up +0.17% and sports cars +0.09%.
For trucks/SUVs, the largest declines came from full-size crossovers/SUVs (-0.94%), minivans (-0.60%), and full-size vans (-0.43%). The three segments that showed an increase are small pickups (+0.56%), sub-compacts luxury crossovers (+0.36%), and compact luxury crossovers/SUVs (+0.13%).
The average listing price for used vehicles, as the 14-day moving average, was approximately $35,500. The analysis is based on around 220,000 used vehicles listed for sale on Canadian dealer lots, according to CBB.
“The Canadian market continued to decrease, with declines that were slightly less than the prior week,” said CBB in its Market Insights update, adding that market momentum in the United States is “accelerating, evidenced by a +0.39% increase in values from last week.”
The full report is available here.
