REDWOOD CITY, Calif. -

Although they climbed on a year-over-year basis in February, Canadian wholesale prices dropped 2 percentage points compared to the prior month, according to OPENLANE, which said that three of the four segments it tracks showed sequential declines.

Specifically, OPENLANE’s Canadian Market Index was at 113 in February, down from 115 in January.

“Canadian prices decreased in February ending the month 2 percentage points below January levels, continuing a downward trend in pricing,” officials indicated.

Breaking it down by segment, there was flatness in car pricing on a month-over-over month level, but the three other body types (minivans, SUVs and trucks) showed declines.

Minivans were off 8 percentage points sequentially and there was a 7-percentage-point softening in SUV values. Meanwhile, trucks saw their prices soften 1 percentage point month-over-month.

Looking at dealer interest, SUVs were the only segment to show a month-over-month softening. The other three climbed from January.

Specifically, cars improved from January and jumped 23 percentage points from February 2010. There was a 1-percentage-point sequential hike in minivan prices, which fell 53 percentage points year-over-year.

SUVs experienced a 4-percentage-point sequential softening and climbed 8 percentage points year-over-year.

Finally, trucks notched a 1-percentage-point month-over-month gain. Compared to February 2010, they were off 16 percentage points.