MISSISSAUGA, Ontario -

August marked the first increase in wholesale values for the Canadian market in five months, according to the ADESA Canada Used Vehicle Price Index report.

Specifically, ADESA’s data — powered by ALG Canada — indicates that the index showed a 0.15-percentage-point sequential hike, seasonally adjusted.

Wholesale prices climbed 1.1 percent month-over-month, officials indicated, noting that the last time there was a hike was back in March.

Breaking it down further, officials noted: “Auction prices have remained relatively steady since July.” By segment, mid-compacts were off 0.1 percent, while compact SUVs dipped 0.5 percent.

Full-size pickups showed a 2.5-percent uptick, and midsize SUVs were up 2 percent. Minivans climbed 0.8 percent, and there was a 0.5-percent jump for the midsize segment.

Offering some more commentary, officials stated: “The Canadian economy struggled in August with escalating gasoline prices, declining consumer confidence and a 0.1-percent increase in the jobless rate.

“However, new-vehicle sales for August rebounded 3.2 percent from year-earlier levels, an increase attributed to the Japan-based automakers beginning to overcome their supply issues and the continued generous incentive programs offered by all the manufacturers,” they added.

Sales through August have climbed 1.7 percent. Interestingly enough, truck sales showed a 5.8-percent year-over-year hike in August, and the year-to-date climb was at 4.6 percent. This growth has occurred even though fuel costs hit the $1.35/liter mark at the end of the month, officials pointed out.