The Canadian wholesale used-car market’s downward slide continued in the week ending Jan. 17.

Canadian Black Book’s Market Insights report showed values down 0.55% for the week, the fifth time in six weeks the market has sunk by 0.50% or more.

Just as the previous week, all 22 vehicle segments lost value, and 16 of them were down by more than $100. That even includes subcompact cars, which dropped $106 and was among three segments posting a decrease of more than 1% — the others were compact vans (1.46%, $264) and prestige luxury cars (0.78%), which had the largest dollar fall at $482.

Full-size pickups ($381, 1.13%) and midsize luxury crossovers/SUVs ($306, 0.80%) joined prestige luxury cars in losing more than $300.

Canadian auctions backed last week’s encouraging sale rate with an average of 51.6%, the highest since a 54.3% mark the week of April 19.

CBB analysts reported a rise in wholesale supply to start 2026, but noted upstream channels continue get first pick of the inventory. Buyer demand for high-quality vehicles at auctions remains high in both Canada and the U.S.

Used-vehicle retail prices remained steady during the week, with a 14-day moving average listing price of $36,700.

The U.S. market is gaining momentum, analysts said, with depreciation slowing and auction conversion rates topping 60%, indicating stronger demand and even an early spring market in the making.