Canadian wholesale used-vehicle prices declined for the week ending April 18, with the overall market down 0.25 per cent, according to Canadian Black Book.
Car segment values fell 0.26 per cent, while truck and SUV segments were down 0.25 per cent. The declines were steeper than the previous week and remain above historical norms for the same period.
Among car segments, sub-compact cars recorded the largest drop at 0.81 per cent, followed by prestige luxury cars at 0.56 per cent and compact cars at 0.43 per cent. A few segments showed stability or slight gains, including full-size cars, which rose 0.15 per cent.
In the truck and SUV category, full-size vans led declines at 1.10 per cent, with full-size crossovers and SUVs down 0.53 per cent. Some segments posted gains, including full-size pickups, which increased 0.47 per cent.
CBB said downward momentum in the wholesale market strengthened slightly, with more than one-third of segments seeing price changes greater than $100. Auction sale rates ranged from 29.2 per cent to 76.2 per cent, averaging 47.7 per cent, as sellers maintained firm pricing and buyer demand remained focused on higher-quality units.
Retail conditions also showed slight softening, with the average used-vehicle listing price at $37,400 across roughly 199,000 vehicles.
In broader industry developments, zero-emission vehicle sales rose 47.2 per cent year-over-year in February, reaching 10.2 per cent of total sales following the launch of a new federal incentive program. Toyota Canada also announced a $300-million investment in a new head office and parts distribution centres, while ongoing global energy and trade developments continue to influence market conditions.
