The Canadian used wholesale market recorded another week of price declines, according to data from Canadian Black Book. For the week ending November 1, overall wholesale prices dropped 0.41 per cent, reflecting continued softening across both car and truck segments. Compared with last week’s 0.26 per cent market drop, the latest results mark a sharper decline and are slightly steeper than the 2017–2019 average for the same week.
Car segment values fell 0.40 per cent when last week the decline was -0.21 per cent. And truck and SUV segments dropped 0.41 per cent, with the prior week’s decrease being -0.30 per cent. No segment recorded positive movement. The largest declines among passenger cars were seen in full-size models, down 0.85 per cent, and sporty cars, down 0.67 per cent. In the truck and SUV category, minivans recorded the sharpest decrease at 0.97 per cent, followed by full-size pickups at 0.94 per cent.
Auction sales rates ranged from 13.5 to 61.3 per cent, averaging 23.5 per cent. Analysts said sellers continue to maintain firm floor prices amid economic and political uncertainty. Supply levels have stabilized, but upstream channels still hold priority access to inventory. Demand for high-quality vehicles remains steady in both domestic and export lanes.
The average retail listing price for used vehicles slipped slightly, with a 14-day moving average of $37,260 based on roughly 220,000 vehicles listed nationwide.
In industry developments, Kia confirmed its EV5 and EV4 models will be sold in Canada but not in the United States, while Ram announced plans for its first SUV, due in 2028. Semiconductor maker Nexperia reported supply disruptions that could affect some OEMs, though Toyota said its operations remain unaffected.
