Canadian auction sales looking up in new year
Image courtesy of Canadian Black Book.
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Things are looking up at Canadian auto auctions. Especially the sale rates.
According to Canadian Black Book’s latest Market Insights report, the average auction conversion rate for the week ending Jan. 10 was 50.8%, varying between 23.7% and 95%. It marked the first time the average peeked its head over 50% since Sept. 20, when it reached 50.4%.
Auction sales were alarmingly low for much of 2025, including a streak of five consecutive weeks under 30% in October and November. The average rate was as low as 32.8% during the last week in November and remained under 40% for the first two weeks of December before rallying to 49.5% just before the new year.
Wholesale prices dropped 0.41% during the past week, with no vehicle segments gaining value and 13 of the 22 losing more than $100 in value.
Full-size crossovers/SUVs took the biggest dive, dropping $466 (1.20%), followed by full-size luxury crossovers/SUVs ($346, 0.55%), full-size cars ($294, 1.54%), mid-size luxury crossovers/SUVs ($216, 0.56%) and sub-compact crossovers ($207, 1.37%).
The 14-day moving average retail listing price inched up from the previous week to $36,700.
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The U.S. wholesale market held steady with a 0.37% depreciation rate almost identical to the previous week’s 0.38% and well below the pre-pandemic average of 0.54%. The auction conversion rate rose to 64%, which CBB said indicates “firmer demand for clean, front-line units.”
