REDWOOD CITY, Calif. -
Though wholesale prices in Canada climbed month-over-month and all segments either made gains or were steady from August, values were down on a year-over-year basis, according to the latest Canadian Market Index from OPENLANE.
Specifically, the Canadian Market Index for September was 102, compared to 96 in August. Against the September 2009 level, it was off 7 percentage points, officials noted.
Looking at various segments, the value of cars and minivans climbed month-over-month. SUVs and trucks, however, were static.
There was an 8-percentage-point rise in car values and the gain in minivan values was 5 percentage points.
With regards to dealer interest, there was modest sequential softening for cars and trucks, according to OPENLANE. Minivans, though, showed a heavy uptick from August and SUVs moved ahead moderately.
Breaking it down, despite the narrow decrease in dealer interest for cars from August, the segment showed a 23-percentage-point year-over-year gain.
For minivans, they were up 9 percentage points sequentially, but showed a 2-percentage-point year-over-year dip.
There was a 3-percentage-point month-over-month rise in dealer interest for SUVs. Compared to a year ago, this segment fell one 1 percentage point.
Finally, trucks declined 2 percentage points sequentially and 29 percentage points year-over-year.