11 straight weeks of rising wholesale vehicle prices in Canada
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
MARKHAM, Ontario –
Like the 1970s Canadiens or 1980s Islanders, the wholesale vehicle market in Canada is on a streak.
Wholesale prices have now climbed 11 straight weeks, according to Canadian Black Book, which said in a market update that values were up in 21 of 22 segments for the week ending Friday.
Specifically, there was a 0.60% increase in overall wholesale values last week, CBB said. That follows a 0.64% uptick for the week ending Oct. 15.
For the same week of 2017 through 2019, the average change was a decline of 0.37%.
There was a 0.69% lift in car segment values, versus a 0.68% increase the week before, with the 2017-2019 average being a decline of 0.44%.
The strongest increase among the car segments was for the near-luxury car segment, which was up 1.80%, according to CBB.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
Truck prices were up 0.51%, compared to a 0.59% hike the prior week and the 0.30% decline for the 2017-2019 average. The most significant hike was for the subcompact luxury crossover, whose prices climbed 1.37%.
Each of the 13 truck segments showed price gains. Overall, the only segment of the 22 in CBB’s data that showed a decrease was the prestige luxury car segment (down 0.16%).
