Plummeting sale rates at Canadian auctions point to ‘tough 6 months ahead’
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Wholesale vehicle values remain steady in Canada
There was “minimal change” in pricing activity for the Canadian wholesale vehicle market last week, as the market continued to show moderate movement, according to Canadian Black Book. The company’s Market Insights report for the first week of November showed the overall wholesale market depreciating 0.36%, compared to a 0.32% decline the prior week. The […]
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Canadian wholesale car market shows signs of ‘more traditional year’
Typically, the early innings of the fourth quarter show modest sequential increases in used-vehicle value depreciation in Canada. And in the latest wholesale car market data, “we’re noticing exactly that,” says Daniel Ross, director of strategic market insights at Canadian Black. On Wednesday, CBB released its latest monthly Used Vehicle Retention Index, which came in […]
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EBlock launches LiveLanes at Montreal auction
EBlock has launched LiveLanes in Quebec, meaning all vehicles sold in the physical lanes at the EBlock Montreal auction location will also be available through a unified digital marketplace. EBlock Montreal had been selling inventory separately through a third-party simulcast system. That system is being replaced by LiveLanes, starting Tuesday. Vehicles at EBlock Montreal will […]
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