The decline in Canadian wholesale vehicle values steepened a bit last week, according to Canadian Black Book, which said nearly half of the segments showed changes of more than $100.

The overall market showed a 0.35% decline in wholesale values for the week ending Saturday, compared to a 0.29% drop the week before. The average change for the 2017-2019 time frame was a decline of 0.19%, CBB said in its latest Market Insights report.

Car segment prices fell 0.42% for the week, compared to 0.25% the week before, while truck/SUV price declines narrowed from 0.33% to 0.29%, the report indicated.

Midsize cars showed the sharpest drop (1.45% or $266), while compact vans showed the biggest increase (up 1.54% or $266).

Four truck segments increased, with the remainder declining, while all car segments decreased in price.

CBB said about 45% of segments had price changes (up or down) of more than $100. The average sale rate at auction was 43.2%, with rates ranging from 10.3% to 76.2%.

“The Canadian market’s downward trend continues, with a slightly steeper decline compared to last week,” CBB said. “Fluctuations in auction performance continues, driven by seasonal changes, political conditions and sellers standing firm on floor prices.

“A slight spike in auction inventory has been noted; however upstream channels continue to hold priority sale access to inventory. Buyer demand for high-quality vehicles at auctions on both sides of the border persists.”