Although news of new vehicle sales units are in for December 2023, it is also worth keeping an eye on the Canadian used wholesale market — which saw a decline in prices of -0.54% for the week ending on Dec. 30, compared to the prior week’s -0.43%.

Based on Canadian Black Book’s market insights report, the car segment decreased by -0.53% (it was -0.41% the week before), while truck/SUV segment prices were down -0.55% (versus -0.45% the prior week). None of the 22 segments’ values increased for the week.

“The Canadian market continued to decrease, and the overall decrease slowed during the holidays with declines closer to the historical average,” said CBB in its update. “Supply is building with decreasing demand for vehicles at auction on both sides of the border. Upstream channels continue to tap supply before it can be available to wholesale markets.”

In comparison, the United States used vehicle market saw its overall car and truck segments decrease -0.68% last week and -0.70% the week before that. The volume-weighted car segments were down -0.51%, and the volume-weighted truck segments decreased by -0.80%.

As for the Canadian market, the car category saw a decrease across all of its nine segments, with the most significant decline coming from compact cars (-1.20%). This was followed by sub-compact cars (-0.72%) and mid-size cars (-0.70%). Segments experiencing the least decreases were full-size cars (-0.11%) and sports cars (-0.14%).

For trucks/SUVs, the segments with the largest declines were minivans (-1.59%), full-size crossovers/SUVs (-1.36%), sub-compact luxury crossovers/SUVs (-1.16%), and sub-compact crossovers (-1.03%). Other segments with notable depreciations were full-size pickups (-0.64%), mid-size crossovers/SUVs (-0.62%), and full-size vans (-0.61%).

You can read the full report here.

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With a decline less steep than the prior week’s -1.56%, the Canadian used wholesale market saw prices drop -0.96% for the period ending on Dec. 9, according to Canadian Black Book’s latest Market Insights report.

This time the car segment fell by -0.46% compared to -0.88% the prior week, and truck/SUV segment prices were down –1.46% compared to the last reporting period’s -2.23%. All declines are still more than the 2017-2019 average of the same week, including for the overall market. Two out of 22 segments’ values increased for the week.

“The Canadian market continued to decrease, and the overall decrease continues the high level of declines more than the historical average,” said CBB in its update. “Supply is building with decreasing demand for vehicles at auction on both sides of the border. Upstream channels continue to tap supply before it can be available to wholesale markets.”

All but one of the nine car segments experienced a decrease. Full-size cars managed an increase in pricing of +0.02%, whereas compact cars showed the most significant decrease with a -0.97% drop in pricing. That was followed by sub-compact cars (-0.91%) and mid-size cars (-0.68%).

Like cars, all segments but one under trucks/SUVs experienced a decrease in pricing during this reporting period. The segments with the largest depreciation were full-size luxury crossovers/SUVs (-2.95%), compact crossovers/SUVs (-2.56%) and compact luxury crossovers/SUVs (-2.33%). The single increase came from full-size crossovers/SUVs (+0.81%).

The average listing price for used vehicles, as per the 14-day moving average, was approximately $37,875. The analysis is based on around 210,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

The full report is available here.

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The Canadian used wholesale market saw its largest decline in prices yet, at –1.56%, for the period ending on Dec. 2. The prior week’s decline was only -0.38%, and Canadian Black Book’s Market Insights data indicates that the 2017-2019 average of the same week, a mere -0.31% in comparison, was significantly less steep.

Segment-specific, cars fell by -0.88% (compared to -0.23% the prior week), and truck/SUV segment prices declined –2.23% (compared to -0.53% the previous period). Not a single segment’s value increased for the week. In its report, CBB said the Canadian market “continued to decrease, and the overall decrease was the largest seen this year and more than six times the historical average.”

In the cars category, mid-size cars experienced the most significant decline in pricing (-3.11%), followed by near-luxury cars (-1.20%) and sports cars at (-1.13%). For trucks/SUVs, four segments had a 3% or greater depreciation: compact luxury crossovers/SUVs (-3.57%), compact crossovers/SUVs (-3.56%), full-size luxury crossovers/SUVs (-3.42%) and mid-size crossovers/SUVs (-3.00%).

CBB said supply remains low and demand for vehicles at auction on both sides of the border is decreasing. They also noted that upstream channels continue to tap into that supply before it can be made available to wholesale market.

“Most segments saw a change in average value of more than $100 this week as the truck and SUV segments fell the most,” said CBB. “We see that smaller vehicles have been outperforming their larger alternatives, as possibly both Canadian consumer budgets tighten and arbitrage risk to exporters continues to rise.”

They also noted that conversion rates were “quite low” during this reporting period, with some observed sell rates as low as 9% or as high as 49%. However, most were less than 30%. “Last week we saw less sellers dropping floors, which has been contributing to lanes with lower sell rates.”

You can read the full CBB report here.

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The Canadian used wholesale market experienced a steeper drop in prices of -1.11% for the week ending on November 18, according to Canadian Black Book’s Market Insights report.

The decline is notable as the prior week showed a decrease in prices of -0.66%, while the 2017-2019 average of the same week for this period was -0.27%. The car segment fell by -0.89% and truck/SUV segment prices were down 1.33%. Not a single segment’s values increased for the week.

“The Canadian market continued to decrease, and the overall decrease was much larger than the historical average. Supply remains low with decreasing demand for vehicles at auction on both sides of the border,” said CBB in its update.

In comparison, the overall car and truck segments in the United States decreased -1.55% last week and -1.48% the prior week. The volume-weighted car segments were down -1.35%, compared to -1.13% the prior week. And the volume-weighted truck segments decreased by -1.53%, compared to -1.73% the previous week.

In the car category, sub-compact cars (-0.16%), luxury cars (-0.31%), and prestige luxury cars (-0.39%) experienced the least declines. Full-size cars had the most significant decrease with (-1.89%), followed by near luxury cars (-1.82%) and sports cars (-1.18%).

For trucks/SUVs, all segments showed a decline. The one with the highest decrease was full-size luxury crossovers/SUVs (-3.17%), which was followed by mid-size luxury crossovers/SUVs (-1.91%) and compact luxury crossovers/SUVs (-1.69%). Compact crossovers/SUVs also experienced a noteworthy decline (-1.34%), while mid-size crossovers/SUVs and minivans had the same decrease (-1.24%).

The average listing price for used vehicles, as per the 14-day moving average, was approximately $37,950. The analysis is based on around 206,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

The full report is available here.

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The Canadian used wholesale market saw prices slip -0.66% for the period ending on Nov. 11, down further from last week’s -0.52% and the 2017-2019 average of -0.36% for the same week.

As Canadian Black Book noted in its Market Insights update, the market continues to decrease and the overall decrease for this period is larger than the historical average. The car segment saw a decrease of -0.43% and truck/SUV segment prices declined -0.89%. No segment values increased for the week.

“Supply remains low with decreasing demand for vehicles at auction on both sides of the border,” said CBB in its report. “Upstream channels continue to tap supply before it can be available to wholesale markets. Many segments saw a change in average value of more than $100 this week as the truck and SUV segments fell the most.”

In the United States, the car and truck segments decreased -1.55% overall last week compared to -0.95% the prior week. The volume-weighted car segments dropped -1.13% compared to the prior week’s decrease of -0.57%. And the volume-weighted truck segments were down -1.73%, versus the -1.12% a week earlier.

For the Canadian market sports cars showed the least decline (-0.07%), followed by compact cars (-0.19%) and sub-compact cars (-0.21%). The most significant decreases came from near-luxury cars (-0.73%) and mid-size cars (-0.72%).

As for trucks/SUVs, all segments showed a downturn — with the most significant decline coming from compact vans (-1.97%). This was followed by mid-size crossovers/SUVs (-1.73%) and compact crossovers/SUVs (-1.67%). Other notable segment declines include minivans (-1.43%), small pickups (-1.18%), and sub-compact luxury crossovers (-1.13%).

The average listing price for used vehicles, as per the 14-day moving average, was approximately $37,900. The analysis is based on around 206,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

You can read the full report here.

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This week dealers will see that the Canadian used wholesale market experienced a decline in prices of -0.52% for the period ending on Nov. 4, which is notably more than the prior week’s -0.27% decrease.

That is according to Canadian Black Book’s latest Market Insights report, which found that the car segment was down -0.40% this period versus the prior week’s -0.30%. Truck and SUV segment prices dropped to -0.63% from the previous period’s -0.25%. No segment values increased this week.

“The Canadian market continued to decrease, and the overall decrease was larger than the historical average,” said CBB in its update. “Supply remains low with high demand for more recent and clean condition vehicles on both sides of the border.”

In the United States, overall the car and truck segments decreased -0.95%, which is steeper than the prior week’s -0.60% decline. The volume-weighted car segments were down -0.57% (versus the previous -0.53% decrease), while the volume-weighted truck segments decreased by -1.12%. That is compared to the previous week’s decrease of -0.63%.

For the Canadian car segments, the least declines were seen in premium sports cars (-0.16%) and luxury cars (-0.20%). In contrast, the most significant decrease came from full-size cars (-0.95%), followed by mid-size cars (-0.85%). Prestige luxury cars and near-luxury cars both saw the same decreases (-0.47%).

In the truck/SUV category all segments showed a downturn, with the most significant decline coming from minivans (-2.10%). That was followed by full-size luxury crossovers/SUVs (-1.85%) and sub-compact crossovers (-1.33%). Also worth mentioning is the decline experienced by sub-compact luxury crossovers (-0.86%) and full-size crossovers/SUVs (-0.68%).

The average listing price for used vehicles, as per the 14-day moving average, was approximately $38,000. The analysis is based on approximately 206,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

You can read the full report here.

The post Used vehicle market sees steeper decline in prices appeared first on Canadian Auto Dealer.

This week, for the period ending on Oct. 28, the Canadian used wholesale market experienced a decline in prices of -0.27%. That is compared to the previous reporting period of -0.47% and a 2017-2019 average (for the same week) of -0.37%.

According to Canadian Black Book’s latest Market Insights report, the car segment fell by -0.30% (versus the prior week’s -0.45%), while trucks/SUVs segment prices declined -0.25% (versus the prior week’s -0.49%). One out of 22 segments’ values increased during this reporting period.

In the United States, the overall car and truck segments decreased -0.60%, with the prior week showing a decline of -0.28%. The volume-weighted car segments were down -0.53% (versus the previous period’s -0.46%). And the volume-weighted truck segments fell by -0.63% (versus the prior week’s -0.20%).

In Canada, the most significant decline in the car segment was seen in the mid-size car category (-0.84%), followed by near-luxury cars (-0.51%). Sports cars experienced the least decline (-0.05%), along with sub-compact cars (-0.18%).

For trucks/SUVs, the segment with the most significant decline was compact vans (-1.41%). This was followed by compact crossovers/SUVs (-0.67%) and mid-size crossovers/SUVs (-0.61%). On the flip side, small pickups managed a small increase, of +0.04%.

The average listing price for used vehicles, as per the 14-day moving average, was approximately $38,175. The analysis is based on around 201,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

The full report is available here.

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Looking at the Canadian used wholesale market for the period ending on Oct. 14, dealers will notice a decline in prices of -0.22%, which is similar to the previous week’s update from Canadian Black Book of -0.24%.

The car segment fell by -0.15% (versus the prior week’s -0.17%), while truck/SUV segment prices were down -0.28% (compared to the previous week’s -0.30%). Three out of 22 segments’ values increased for the week.

In the United States, the overall car and truck segments experienced a decreased of -0.36% last week, compared to the prior week’s -0.32%. The volume-weighted car segments were down -0.47% (versus the prior week’s -0.34%), and trucks saw a decline of -0.32% (compared to the previous week’s -0.28%).

“Supply remains low with high demand for more recent and clean condition vehicles on both sides of the border,” said CBB in its Market Insights report. “Upstream channels continue to tap supply before it can be available to wholesale markets.”

On the Canadian side, the car category saw two of its nine segments increase in pricing: premium sports cars (+0.06%) and luxury cars (+0.01%). The biggest decline came from full-size cars (-0.51%), followed by near luxury cars (-0.42%) and compact cars (-0.33%).

On the flip side, trucks/SUVs saw 12 of its 13 segments experience a decline. Compact vans again had the largest drop (-0.81%), while mid-size crossovers/SUVs and mid-size luxury crossovers/SUVs had the next largest depreciation (-0.35%). The small pickup segment was the only segment to experience an increase (+0.07%).

As for used retail price and listing volumes, CBB found the average listing price for used vehicles, as per the 14-day moving average, to be approximately $38,300. The analysis is based on around 195,000 vehicles listed for sale on Canadian dealer lots.

Dealers can view the full report here.

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Dealers across the country will find the Canadian used wholesale market has experienced a decline in prices of -0.24% for the week ending on Oct. 7 — slightly less than the prior week’s -0.30%, and not overly far from the 2017-2019 average of -0.19% for the same period.

According to Canadian Black Book’s latest Market Insights report, the car segment fell by -0.17% and truck/SUV segment prices were down -0.30%. Two out of 22 segments’ values increased for the week.

In comparison, the overall car and truck segments in the United States declined -0.32% last week and -0.08% the prior week. The volume-weighted car segments in particular decreased -0.34% (versus -0.15% the prior week), while truck segments were down by -0.31% (versus -0.05% for the previous recorded period).

In Canada, seven out of nine segments revealed a decrease in pricing, with the most significant coming from compact cars (-0.62%). That was followed by both near luxury cars and prestige luxury cars (-0.23%). However, two segments did experience an increase: premium sports cars and sports cars (+0.01%).

As for trucks/SUVs, 12 of the 13 segments experienced a decline, with compact vans observing the largest decrease (-1.93%), followed by full-size vans (-0.53%). Others with a notable depreciation include full-size luxury crossovers/SUVs and sub-compact crossovers, both at -0.36%.

The average listing price for used vehicles, as per the 14-day moving average, was approximately $38,300. The analysis is based on around 195,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

Dealers can read the full report here.

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Canada’s used wholesale market saw prices drop -0.30% for the week ending on Sept. 30, as the month wrapped up. This decline was more than the previous data period, as was the car segment’s decrease of -0.23% and trucks/SUVs decline of -0.37%.

According to Canadian Black Book’s latest Market Insights update, only one out of 22 segments’ values increased for the week. In the United States, the overall car and truck segments declined -0.08% last week and -0.22% the prior week. In particular, the volume-weighted car segments were down -0.15%, compared to -0.29% a week before that.

In terms of Canadian pricing, all but one of the nine segments experienced a decrease; the most significant coming from sports cars (-0.61%), followed by near-luxury cars (-0.39%) and compact cars (-0.38%). The one segment that saw an increase was sub-compact cars (+0.24%).

As for trucks/SUVs, 11 of the 13 segments experienced a decline. Full-size vans dropped a notable -1.45%, while compact vans were down -0.70% and full-size pickups decreased -0.59%. Another segment with a notable depreciation is compact crossovers/SUVs (-0.49%), along with compact luxury crossovers/SUVs (-0.38%).

The average listing price for used vehicles, based on the 14-day moving average, was approximately $38,350. 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.

The post Canadian used vehicle prices down -0.30%; U.S. prices down -0.08% appeared first on Canadian Auto Dealer.

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.

The post Used vehicle prices down -0.17% from prior week’s -0.33% appeared first on Canadian Auto Dealer.

This week, Canadian Black Book’s data shows that the Canadian used wholesale market experienced a slightly less intense decline of -0.16% compared to the prior week’s -0.26% in prices, for the period ending on September 9.

According to CBB’s latest market insights report, the car segment fell by -0.06% (compared to -0.09% the prior week) and truck/SUV prices were down -0.25% (compared to -0.42% a week earlier). Four out of 22 segments’ values increased during the current reporting period.

In the United States, the overall car and truck segments declined -0.75% last week, and -1.40% the prior week. The volume-weighted car segments were down -0.89%, compared to the previous reporting period, when the decrease was more pronounced, at -1.44%.

As for Canada, seven of the nine car segments experienced a decline in pricing, with the largest decline coming from compact cars (-0.16%), full-size cars (-0.14%), and near luxury cars (-0.10%). On the up side, two segments managed an increase: sub-compact cars (+0.07) and mid-size cars (+0.06%).

For trucks/SUVs, 11 of the 13 segments showed a decline. Full-size crossover/SUVs, for example, had the largest drop (-0.64%), followed by full-size luxury crossovers/SUVs (-0.61%) and mid-size crossovers/SUVs (-0.57%). At the same time, small pickups (+1.30%) and compact vans (+0.01%) increased in value.

The average listing price for used vehicles, based on the 14-day moving average, was approximately $38,250. The analysis is based on around 189,000 vehicles listed for sale on Canadian dealer lots, according to CBB.

You can read the full report here.

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