The Canadian used wholesale market was down -0.23% in pricing for the week ending on September 13. That’s in comparison to the -0.29% experienced a week earlier, according to Canadian Black Book, and a 2017-2019 average for the same period of -0.26%.
In its update, CBB said the market continues to trend downwards, with a trajectory showing a decline less steep than the previous week. Car segment prices slipped -0.23% from -0.19% the prior week, while truck/SUV segments decreased by -0.22% from -0.37%. The only positive segment this time around was minivans at +0.03%.
“Just under 23% of market segments recorded an average value change exceeding ±$100,” said CBB in its Market Insights report. “The week’s monitored auction sale rates ranged from 18.8% to 53.3%, averaging 39.3%. Sales rates across auction lanes have shown ongoing fluctuations, influenced by economic uncertainty, political factors, and sellers maintaining firm floor prices.”
In the car category the most notable declines came from full-size cars (-1.62%), prestige luxury cars (-0.41%), and sports cars (-0.31%). The smallest depreciations came from premium sports cars (-0.08%), luxury cars (-0.11%), and near-luxury cars (-0.14%).
For trucks/SUVs, the largest declines were seen coming from full-size luxury crossovers/SUVs (-0.61%), compact vans (-0.44%), full-size pickups (-0.31%), and full-size vans (-0.29%). The smallest depreciations were small pickups (-0.08%), compact crossovers/SUVs, and mid-size luxury crossovers/SUVs (-0.09%).
In the U.S., wholesale prices declined again last week. Cars decreased -0.28% (from -0.11% a week earlier) and trucks/SUVs were down -0.35% (from -0.25%). CBB said market softness was broad, though some premium and crossover segments showed resilience.
“In contrast, smaller cars and entry-level luxury crossovers led declines, reflecting ongoing seasonal pressure and selective buyer demand. Auction conversion rates eased post-Labor Day, but remained over 60%, while retail conditions remained steady, with days-to-turn in the mid-30s,” said CBB.
