MISSISSAUGA, Ontario –

Wholesale prices dipped across the board during November, as values were off by more than 5 percent month-over-month on average and all segments fell from their October levels, according to the latest analysis of the ADESA Canada Used Vehicle Price Index.

Specifically, ADESA’s data — powered by ALG Canada — indicates that the November index fell about 0.24 percentage points month-over-month on a seasonally adjusted basis. The average wholesale price drop from October was around 5.5 percent, officials noted.

Breaking it down by segment, midsize SUVs were off 9 percent, while there was a 7-percent decline for mid-compacts, the midsize segment and compact SUVs. Minivans were down 4 percent, and full-size pickups fell 1 percent.

Sharing some overall economic analysis, officials noted: “The Canadian economy continued on its roller coaster ride in November: Consumer confidence rose 4.7 points to 76.4, after dropping to its lowest level in more than two years in October; the unemployment rate increased 0.1 percentage points to 7.4 percent and national gasoline prices declined by approximately $0.04 per liter.”

Meanwhile, there was a 4.4-percent year-over-year hike in new-vehicle sales during the month. Through 11 months, Canada’s new sales have climbed 1.8 percent. Breaking new sales down, trucks were up 6.7 year-over-year in November, and their year-to-date sales have climbed 4.7 percent. Cars were up 1.5 percent last month, however, year-to-date sales have dropped 1.8 percent.