A deeper dive for used vehicle prices, now at -0.33%

Dealers may be interested to note that this week’s update from Canadian Black Book shows Canadian used wholesale market prices declined -0.33% for the period ending on Sept. 19, compared to the prior week’s -0.16%.  

CBB’s Market Insights report found the car segment was down by -0.18% (-0.6% the previous period), while truck/SUV segment prices declined -0.47% (-0.26% the prior week). In total, four out of 22 segments’ values increased for the week. In comparison, the overall volume-weighted car segments in the United States decreased -0.59% and trucks were down -0.79%. 

In Canada, six of the nine car segments experienced a drop in pricing. The largest decline came from compact cars (-0.87%), followed by prestige luxury cars (-0.46%) and near luxury cars (-0.16%). On the up side, full-size cars (+0.15%) and luxury cars (+0.09%) experienced the greatest increases. 

For trucks/SUVs, all except one of the 13 segments experienced a decline — including compact vans (-1.95%), full-size vans (-1.21%), full-size luxury crossovers/SUVs (-0.75%). The one slight increase in value came from small pickups (+0.02%).

As for the average listing price for used vehicles, as per the 14-day moving average, it hovered around $38,400. The analysis is based on approximately 185,000 vehicles listed for sale on Canadian dealer lots, according to CBB. 

You can read the full report here.

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