The slowdown in Canadian wholesale vehicle values last week wasn’t quite as steep as the week before, thanks largely to a course reversal among car segments.

That’s according to the latest Market Insights report from Canadian Black Book, which showed the decline in wholesale prices narrowing from 0.20% the week ending Aug. 29 to 0.05% the week ending Sept. 5.

The average change for the same week in 2017-2019 was a decrease of 0.24%, CBB said.

After 0.24% the week prior, car segment prices climbed 0.01% last week. Truck segment prices dipped 0.09%, following a 0.16% drop the prior week.

This was the first time car segments showed price growth in about four months, CBB said.

Compact cars (up 0.47%) showed the most growth, followed by premium sporty cars (up 0.16%), near-luxury cars (up 0.07%) and luxury cars (up 0.02%), with the remainder of car segments dropping in value.

Five truck segments increased in value, led by the subcompact crossovers (up 1.01%). Subcompact luxury crossover rose 0.55$, with compact vans up 0.47% and full-size pickups up 0.26%). Full-size crossover/SUV prices inched up 0.05%, with the remainder showing declines.

The changes in value were mostly tame across the board, with slightly more than 27% of segments increasing or decreasing by more than $100, CBB said.

The range in auction sale rates was not as tame, ranging from 17.7% to 72.7%,  reaching an average of 36% for the week, the report noted.

Those numbers were impacted by, “seasonal trends, political conditions, and firm seller floor prices,” CBB said.

“Auction inventory has slightly decreased, though upstream channels continue to receive priority access. Demand for high-quality vehicles remains strong on both sides of the border,” CBB noted.