The late-September slide in Canadian used wholesale prices continued last week, but at a slower pace — and with several vehicle segments bucking the broader decline.
Canadian Black Book’s Market Insights report for the week ending Sept. 26 showed the overall market falling 0.14 per cent, compared with a 0.18-per-cent decline the previous week. The latest movement was also milder than the 0.25-per-cent average decline for the same week between 2017 and 2019.
Car values fell just 0.07 per cent, compared with 0.03 per cent a week earlier and the historical average decline of 0.33 per cent.
Mid-size cars recorded the largest car-segment decline at 0.36 per cent, followed by subcompact cars at 0.34 per cent. Compact cars gained 0.14 per cent, sporty cars rose 0.08 per cent and premium sporty cars increased 0.04 per cent.
Truck and SUV values remained under greater pressure, falling 0.20 per cent. That was an improvement from the previous week’s 0.30-per-cent decline, although slightly steeper than the historical average of 0.16 per cent.
Compact vans posted the week’s largest truck/SUV decline at 1.44 per cent, followed by minivans at 1.06 per cent. Small pickups moved in the opposite direction, leading all segments with a 0.26-per-cent gain, while subcompact crossovers increased 0.13 per cent.
CBB said auction inventory has returned to regular-high levels, while upstream channels continue to receive priority access. Demand for high-quality vehicles remains strong on both sides of the border.
Meanwhile, the 14-day moving average listing price for used vehicles edged down to $38,250, based on approximately 170,000 vehicles on Canadian dealer lots.
In other news, Nissan is preparing to introduce its e-Power hybrid technology in Canada with the redesigned 2027 Rogue, while several larger manufacturing developments are unfolding across North America.
Honda is reportedly considering another U.S. assembly plant, Toyota is investing in robotics for vehicle production, and Volkswagen Group’s PowerCo has delayed completion of its St. Thomas, Ont., battery cell plant. CBB also noted data showing the Canadian share of U.S.-built vehicle sales declined during the first half of 2026.
