Prices in the Canadian wholesale market were sluggish last month, with monthly used-car value indices from both ADESA Canada and RVI Group declining.

Starting with the ADESA Canada Used Vehicle Price Index report's data — powered by ALG — officials found that the index fell “substantially” on a month-over-month basis when seasonally adjusted, noting that the average sequential decline in wholesale prices was roughly 1.3 percent.

Breaking it down by segment, the sole increase last month was for the compact SUV class, where prices climbed 2.3 percent.

Prices for midsize SUVs fell 18 percent, “though the sample size was small at only 20 vehicles sold,” officials said.

There was a 4.8-percent drop in full-size pickup prices, while mid-compact prices dipped 2.0 percent and minivan values fell 1.2 percent. The decline in midsize car prices came in at 0.2 percent.

Next up, the latest RVI Market Update for Canada indicated a 4.2-percent month-over-month decline in wholesale prices and a 3.6-percent drop versus September 2011.

Among the volume segments, the most significant sequential price decrease was for the minivan segment, where values were off 7.3 percent. Midsize sedan values fell 6.0 percent and small sedans dipped 5.4 percent.

Conversely, midsize SUVs (up 1.2 percent) and subcompacts (up 0.4 percent) were the only two of the eight volume segments to show a month-over-month increase.

“Midsize SUVs led the way with a 1.2-percent increase since August, but it should be noted that most segments saw a decrease in prices from a month ago,” said RVI.