The Canadian used wholesale market saw a decline of 0.22% in pricing for the week ending on Feb. 22, 2025, while the market a week earlier was down -0.18%, according to Canadian Black Book’s latest update.
Its Market Insights report showed car segment prices decreased by -0.23% from -0.20% a week earlier, while the truck/SUV segments were down -0.21% from CBB’s last reported -0.16%. The largest increases were seen in mid-size crossovers/SUVs and compact crossovers/SUVs.
“The Canadian market remains on a downward trend, similar to the decline in its previous week. Just under 32% of the market segments experienced an average value change of more than ±$100,” said CBB in its update. “The decrease in the truck segments rose to -0.21%, while the decline of the car segments increased by 0.03%, bringing its change to -0.23%.”
In the car category, the segments with the smallest declines were near luxury cars (-0.02%) and mid-size cars (-0.14%). The largest decreases came from full-size cars (-0.66%), sub-compact cars (-0.55%), and compact cars (-0.42%).
In the truck/SUV department, two of the thirteen segments reflected an increase in values: mid-size crossovers/SUVs (+0.29%) and compact crossovers/SUVs (-0.11%). On the other end of the spectrum, 11 segments saw values depreciate — the largest coming from compact vans (-0.95%), mid-size luxury crossovers/SUVs (-0.60%), and small pickups (-0.49%).
The average listing price for used vehicles is slipping, as the 14-day moving average was $34,000. The analysis is based on around 220,000 used vehicles listed for sale on Canadian dealer lots, according to CBB.
The full report is available here.
