REDWOOD CITY, Calif. -
Though they showed a year-over-year softening of 6 percentage points in October, Canada’s wholesale prices moved ahead of the September level, as three of four segments showed month-over-month gains, according to OPENLANE’S latest Canadian Market Index.
Specifically, the Canadian Market Index was 102 in October, down from 108 in the year-ago period and up from 96 in September, OPENLANE data indicated.
“Canadian prices increased in October ending the month four percentage points above September levels,” officials shared. “Overall YTD trends indicate that Canadian prices have arrested the steep declines in prices they experienced from December 2009 to February 2010.”
Looking at individual segments, car values moved up 7 percentage points on a month-over-month basis while SUV and trucks each saw 4-percentage-point gains.
Minivans were off 5 percentage points on a month-over-month basis.
As far as dealer interest, cars were off from the prior month. They showed a 20-percentage-point year-over-year upswing in dealer interest, though.
Next up, minivans experienced a 21-percentage-point month-over-month gain and an 11-percentage-point year-over-year hike.
SUVs were static on a year-over-year basis and were down 1 percentage point versus September.
Finally, dealer interest in trucks was steady from the prior month but dipped 26 percentage points year-over-year.