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.

“Supply remains low while demand continues to weaken on both sides of the border,” it added.