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REDWOOD CITY, Calif. — Average wholesale prices in Canada softened a bit during July, according to OPENLANE's Canadian Market Index, which came in at 103 for the month, compared with 105 in June.

In addition to the 2-percentage-point month-over-month decline in auction prices, July was 3 percentage points weaker on a year-over-year basis.

"Canadian prices decreased in July ending the month 2 percentage points below June levels," OPENLANE noted. "Overall year-to-date trends indicate that Canadian prices have arrested the steep declines they experienced from December 2009 to February 2010."

Looking at individual segments, car prices in July showed a sequential dip of 2 percentage points, while values of minivans, SUVs and trucks were relatively static. SUV and trucks were each down only 1 percentage point.

As far as dealer interest, cars showed a 38-percentage-point year-over-year upswing and made strong month-over-month gains as well.

There was a 21-percentage-point softening for the minivan segment from June and a 34-percentage-point year-over-year slide.

Dealer interest for SUVs during July was down 1 percentage point year-over-year and showed a 3-percentage-point sequential decline.

Finally, trucks were off 4 percentage points from June and fell 41 percentage points year-over-year