Wholesale price slide narrows in Canada, with trucks & SUVs increasing
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Things are much calmer in the Canadian wholesale vehicle market. Or at least the price drops aren’t as steep.
According to the weekly Market Insights report from Canadian Black Book released Tuesday, the decline in wholesale values slowed from 0.20% to 0.07% last week.
There was a 0.19% drop in car segment values for the week ending Saturday, compared to a 0.41% drop the week before. Truck and SUV segment prices actually climbed 0.02% after a 0.02 dip the week ending March 14, CBB said.
Despite the overall decline, there was some positive momentum for car prices: three segments increased in value. Subcompacts were up 0.13%, full-size cars increased 0.51% and sporty cars were up 0.18%, the CBB data shows.
Six of the 13 truck segments increase in value: full-size crossovers/SUVs (up 0.75%), full-size pickups (up 0.38%), midsize luxury crossovers/SUVs (0.34%), minivans (0.34%) full-size luxury crossovers/SUVs (up 0.31%) and midsize crossovers/SUVs (up 0.27%).