Used vehicle prices down -0.17% from prior week’s -0.33%

Vehicle prices in the Canadian used wholesale market declined -0.17% for the week ending on Sept. 23 — somewhat notably from the -0.33% the prior week.

The data was pulled from Canadian Black Book’s latest Market Insights report, which shows that the car segment fell by -0.13% (compared to -0.18% for the previously noted period), while truck/SUV segment prices were down -0.21% (versus -0.47% the prior week). Two out of 22 segments’ values were up for the week.

In the United States, the overall car and truck segments decreased -0.22%, while the prior week saw a decline of -0.73%. The volume-weighted car segments in particular experienced a -0.29% decrease, compared to the prior week’s -0.59%.

Specific to the Canadian market, CBB said it saw a drop across all nine segments. “In the lead with the most significant decline was full-size car(s) at -0.50%, followed by compact car(s) -0.39%, and sub-compact car(s) with -0.31%,” they said. Three segments — luxury cars, premium sports cars, and  prestige luxury cars — showed the least decline at -0.06% each.

For trucks/SUVs, 11 of the 13 segments experienced a decrease, with compact vans showing the largest decline (-1.34%), followed by compact luxury crossovers/SUVs (-0.49%), and compact crossovers/SUVs (-0.36%). However, two segments also experienced an increase in value: small pickups (+0.38%) and sub-compact luxury crossovers (+0.03%).

The average listing price for used vehicles, as per the 14-day moving average, was approximately $38,375. The analysis is based on around 191,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

You can read the full report here.

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