MISSISSAUGA, Ontario -

Canadian wholesale prices had been sluggish for five straight months, but in August, that "finally" changed, thanks mostly to resale levels, according to analysis of the latest ADESA Canada Used Vehicle Price Index.

More specifically, ADESA's data — powered by ALG Canada — indicated that the index showed a 0.6 percentage-point month-over-month hike in August. This was on a seasonally adjusted basis, officials noted.

"After five consecutive months of price softening, price support finally came in August," officials explained. "The main factor behind this month's support: resale levels."

They continued: "Volume going through auction has dropped materially; approximately 35 percent since June, including a 10 percent drop month-over-month for August."

Breaking it down by vehicle category, all segments showed gains. The compact SUV category enjoyed the heftiest uptick in price at 5 percent (or a $501 increase). Prices for both full-size pickups and midsize SUVs – which tied for the second-highest increase — moved ahead 2 percent, according to officials.

"This supports the growing trend of Canadian consumers' interest in the light-truck market, which is up 12.2 percent year-over-year," officials shared.

Some segments were not as robust, though.

"Despite midsize and minivan resale volume dropping 4 percent/24 percent, respectively, resale prices showed no sign of improvement," officials noted.