MISSISSAUGA, Ontario -

Wholesale values in Canada dropped more than 2 percent in July as the market saw declines in the prices of almost every segment, according to the latest ADESA Canada Used Vehicle Price Index.

Specifically, ADESA’s data — powered by ALG Canada — indicated that the index was off slightly (0.12 percentage points) month-over-month.

Canada experienced a 2.5-percent sequential drop in wholesale prices during the month. Comparatively, in July of 2010 there was a 0.6-percent gain in values.

Breaking it down by segment, officials noted that all segments besides compact SUVs saw auction prices fall.

The heftiest drop from June was in the minivan segment (down 11 percent), followed by the midsize segment (down 5 percent) and the midcompact segment (down 4 percent). Prices for midsize SUVs fell 1 percent, and full-size pickups showed the same drop.

Meanwhile, compact SUVs were up 3 percent after being the heaviest decliner in May and June.

Offering some more insight, officials noted: “Consumer confidence dropped for the third straight month in July, this time falling 1.8 points to 81.3. Consumers continue to express uncertainty about future job prospects, despite strong job creation numbers so far this year.

“As a result of this unfounded economic concern, new-vehicle sales in July fell 4.9 percent from year-earlier levels,” they added. “In sharp contrast, July housing starts were up 4.3 percent in comparison to June.”