Canadian used vehicle price decline similar to previous week

The Canadian used wholesale market saw a decline in prices for the week ending on July 29, at -0.27%, which is similar to the previous week’s -0.28% decline. In the United States, the overall car and truck segments decreased -0.37% last week, compared to the prior week’s -0.53%. Canadian Black Book’s latest Market Insights report shows that the car segment in Canada fell by -0.05% (versus the prior week’s -0.11%), and truck/SUV segment prices were down -0.48% (not overly far from the previous week’s -0.44% decline). For trucks/SUVs, similar to the prior week all thirteen segments experienced decreases. The compact van segment was down -1.25%, followed by mid-size luxury crossovers/SUVs (-0.73%) and full-size luxury crossovers/SUVs (-0.64%).