OPENLANE: Canadian Wholesale Prices Drop from April, Year-Ago Levels
REDWOOD CITY, Calif. — There was some softening in wholesale prices in Canada during May, with some segments showing declines from April and others remaining static, according to the latest Canadian Market Index from OPENLANE.
Specifically, month-average prices were down 3 percentage points month-over-month and showed a 6-percentage-point drop from May 2009.
"Canadian prices showed downward trend in May ending the month 3 percentage points below April levels," officials noted. "Overall YTD trends indicate that Canadian prices have arrested the steep declines experienced from December 2009 to February 2010."
Looking at various segments, May prices for cars and SUVs were down from April, while minivans and trucks finished on par with April levels.
Car prices continually fell as they finished 2 percentage points softer than their April comparisons.
The decline in minivan prices was only "slight," as they wound being up 1 percentage point off from the previous period.
When the month closed, the decline in SUV prices against April was 2 percentage points.
There was stability in truck prices, as they closed the month at the same level as April's prices.
As far as dealer interest, there was a 2-percentage-point drop for cars compared to April. However, interest in the segment was up 20 percentage points from the year-ago level.
For minivans, dealer interest was steady from April, but sank 10 percentage points compared to a year ago.
Meanwhile, SUVs saw no change in dealer interest from the previous month, but interest in the segment climbed 16 percentage points year-over-year.
Finally, trucks showed a 2-percentage-point gain in dealer interest month-over-month, but this level was off 40 percentage points compared to where it stood a year ago.