MARKHAM, Ontario -

While wholesale vehicle prices in Canada were still up last week, the rate of increase eased, according to the Canadian Auto Market Update released Tuesday by Canadian Black Book.

Specifically, they were up 0.05% last week, compared to a 0.08% rise the prior week. That said, the 2017-2019 average for the same week was a dip of 0.19%, the CBB data shows.

Car segments were up 0.04%, versus a 0.26% hike the week before and an average decline of 0.14% for the 2017-2019 time frame.

Trucks and SUVs, however, improved from the week before. They were up 0.06%, compared to a decline of 0.10% the prior week and a decline of 0.24% for the 2017-2019 average.

“The Canadian wholesale market has leveled off with only a slight modest increase this week,” CBB said in the report. “Supply remains low with high demand on both sides of the border. Upstream channels continue to tap supply before it can be available to wholesale markets.”

There was quite a range in sell rates at the auction,  which was reported anywhere from 29% to 79%, the company said.

Part of what has led to lower sell rates is sellers setting floors at levels higher than what the market will demand, CBB said.

“Quality of vehicles at auction remains somewhat below average as the supply of better quality vehicles continues to be bought upstream,” it said.

On the retail side, there continues to be gains in average used listing prices. CBB estimated the 14-day moving average to be approximately $26,800 and the 28-day average at around $26,700