Wholesale vehicle prices in Canada remain calm another week
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MARKHAM, Ontario –
Stability continues in the Canadian wholesale vehicle market, as prices on used cars were up 0.03% last week, following a 0.01% rise the week before, according to the latest weekly update on the market from Canadian Black Book.
These slight gains compare to a 0.28% decline (on average) for the same weeks of 2017 through 2019, CBB said.
After a 0.10% rise the week before, car segment prices climbed 0.17% last, while truck prices continue to soften.
Values in truck/SUV segments were down 0.11% last week, following a 0.08% dip the prior week, according to CBB.
During the 2017-2019 time frame, cars were down an average of 0.22% this same while, while trucks/SUV prices fell an average of 0.33%.
“The Canadian wholesale market has continued to remain stable overall. Newer vehicles tend to be outperforming vehicles aged three years and older,” CBB said in the report.
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“Supply remains low while demand continues to weaken on both sides of the border,” it added.
