The Canadian used wholesale market saw prices dip even lower for the week ending on July 15, now at -0.38%. For the prior week, prices dipped -0.32% and the 2017-2019 average for the current period is -0.21%, according to Canadian Black Book’s latest Market Insights report.
The overall car segment was down -0.19% during this period, while trucks/SUVs saw prices decline -0.57%. For the United States, the car and truck segments decreased -0.73% last week; the prior week saw the situation decline -0.47%. Specifically, the volume-weighted car segments were down -0.73%, versus the prior week’s -0.52% decrease.
As for the Canadian car segments, seven out of nine categories revealed a decrease in pricing — the largest coming from full-size cars (-0.72%), followed by sports cars (-0.28%) and prestige luxury cars (-0.27%). On the up side, one segment managed an increase in pricing: mid-size cars (+0.11%), while sub-compact cars experienced no change at all for the week.
For trucks/SUVs, 13 segments saw decreases. These include full-size luxury crossovers/SUVs (-1.51%) and compact vans (-1.10%). Mid-size luxury crossovers/SUVs (-0.73%), compact luxury crossovers/SUVs (-0.72%), and full-size vans (-0.71%) also had sizable declines. The one segment that experienced an increase was small pickups (+0.15%).
The average listing price for used vehicles when considering the 14-day moving average was approximately $37,000. This analysis is based on approximately 184,000 vehicles listed for sale on Canadian dealer lots, according to CBB.
You can read the full report here.
