The Canadian used wholesale market was down -0.30% in pricing for the week ending on October 11, according to Canadian Black Book. Its report shows the decline is steeper than the previous week’s -0.15%.
“The Canadian market maintained its downward trend, showing a slightly sharper pace of decline than in its prior week,” said CBB in its Market Insights report. They said car segment prices slipped -0.21% from the prior week’s -0.18%, while truck/SUV segments were down -0.37% from last report’s -0.12%.
“Just under 41% of market segments recorded an average value change exceeding ±$100,” said CBB. “The week’s monitored auction sale rates ranged from 9.2% to 78.8%, averaging at 29.5%.”
The largest decrease in the car segment came from prestige luxury cars (-0.30%), compact cars (-0.29%), and premium sports cars (-0.25%). On the up side were full-size cars at +0.03%.
For trucks/SUVs, the largest declines came from compact vans (-1.64%), full-size crossovers/SUVs (-0.70%), and full-size pickups (-0.62%). Full-size luxury crossovers/SUVs were positive, up 0.42%.
The average listing price for used vehicles, based on the 14-day moving average, was at $37,590.
In other news, Canada’s trade deficit has grown to $6.3 billion in August 2025, up from a downwardly revised $3.8 billion in July. According to CBB, that’s well above market expectations of $5.6 billion, which they said marks the second-largest trade shortfall on record.
As for the U.S., CBB said the fourth quarter typically represents the period of greatest market depreciation. Current trends point to a return to this seasonal norm.
“Depreciation levels last week were consistent with the prior week and aligned with pre-pandemic patterns for this time of year,” said CBB. “Additionally, sales rates showed modest improvement; however, purchasing activity remains measured, with buyers exhibiting continued selectivity.”
