Canadian wholesale vehicle values were as strong as they’ve been all year in the week ending March 22 — with a couple of notable exceptions.

Canadian Black Book’s weekly Market Insights report showed seven vehicle segments gaining value, the most of any week in 2025. But the overall market was down 0.17%, an acceleration from the previous week’s 0.10% decline, as two segments dropped more than 1%.

Full-size van values plummeted 1.37% ($431) during the week and compact vans fell 1.03% ($195) to offset the gains of six truck/SUV segments, led by full-size pickups (0.22%, $73) and full-size crossover/SUVs (0.20%, $72), pulling the truck/SUV average to an overall loss of 0.22%.

Car segments were down 0.11%, with midsize cars the only gainer at 0.01% ($2), while sub-compacts (0.45%, $44) and compacts (0.32%, $44) topped the decliners.

Auction sale rates rose to 52.3%, ranging from 32.3 to 71.4%, and retail prices dropped slightly, to a 14-day moving average of $34,950.

The U.S. market had what CBB analysts called “another impressive week,” with the average value of 2-to-8-year-old vehicles up by 0.29% more than double the percentage increase of the largest pre-pandemic spring market weekly increase of 0.12%. Analysts noted that’s a month ahead of the typical timing for the biggest jump in the spring market.