This week Canadian Black Book’s Market Insights report reveals the used wholesale market experienced a decline in prices of -0.36% for the week ending on April 6. That is compared to -0.17% from the prior week.
The car segment was down -0.28% compared to -0.19% for the previous reporting report. And truck/SUV segment prices slipped -0.43% compared to the prior week’s -0.16%. Two out of 22 segments’ values increased for the week.
“The Canadian market continued to decrease, with declines that were slightly more than the prior week,” said CBB in its report, later adding that “Most segments saw a change in average value of less than $120 this week as the truck segments fell the most, which flips the recent trend.”
In the car segment, compact cars experienced the most significant decline at -0.76%, followed by sub-compact cars at -0.39% and mid-size cars at -0.37%. The least decreases came from premium sports cars at (-0.14%) and prestige luxury cars at -0.24%.
For trucks/SUVs, the largest decreases stemmed from sub-compact crossovers (-1.64%), full-size cans (-1.20%), and minivans (-0.95%). However, two segments had an increase: small pickups (+0.43%) and compact luxury crossovers (+0.01%).
The average listing price for used vehicles, as per the 14-day moving average, was approximately $34,700. The analysis is based on around 220,000 used vehicles listed for sale on Canadian dealer lots, according to CBB.
