Canadian wholesale vehicle values declined for a seventh consecutive week during the period ending July 18, with truck and SUV segments continuing to face the greatest pressure, according to Canadian Black Book.
Overall values fell 0.42 per cent, while truck and SUV segments declined 0.62 per cent. Car segments were comparatively stable, slipping 0.17 per cent.
CBB said the pace of depreciation moderated slightly from the previous week but remained above typical seasonal levels.
Full-size luxury SUVs and subcompact cars recorded the largest weekly declines, both falling 1.70 per cent. Compact vans followed with a 1.34 per cent decrease.
Near luxury cars were the strongest-performing segment, increasing 0.26 per cent.
Approximately 45 per cent of vehicle segments recorded weekly value movements greater than $100 in either direction, reflecting continued variability across the market.
Auction conversion rates remained mixed, while demand for high-quality inventory continued to support stronger pricing. CBB said upstream remarketing channels are retaining many premium vehicles, limiting supply at physical auctions and supporting values for better-condition units.
The average advertised price of a used vehicle on Canadian dealer lots remained close to $36,900, based on approximately 169,000 listings.
Wholesale prices also continued to soften in the United States, with the overall market down 0.48 per cent. Car values declined 0.39 per cent, while trucks and SUVs fell 0.51 per cent.
