MARKHAM, Ontario -

Wholesale vehicle prices have increased for 15 consecutive weeks in Canada, according to the Canadian Auto Market Update released Tuesday by Canadian Black Book.

Last week, used prices were up 0.35% overall, with trucks/SUVs up 0.36% and cars were up 0.34%, CBB said.

The gain in car segments was particularly steeper, as the prior week they were up 0.16%. Trucks/SUVs were up 0.48% the week ending June 4, while the overall movement was 0.32%, according to the CBB data.

Last week also compared favorably to recent historical averages.

The average movement for same week during the 2017-2019 timeframe was a decrease of 0.12% overall, a drop of 0.11% and a 0.12% decline for cars, CBB said.

Looking at some individual segments, the strongest gain in the car segments last week was for the sporty cars (up 0.70%). The two car segments whose values fell were compact cars (down 0.30%) and subcompact cars (down 0.03%). The rest climbed.

The top truck and overall segment was the full-size pickup, which was up 1.00%. The two truck/SUV segments whose values dipped were minivans (0.12%) and subcompacts crossovers (0.06%). The rest were up. 

Used-car prices also showed continued gains on the retail side, CBB said. The report indicates that the 14-day moving average climbed to approximately $26,600 last week. The 28-day moving average was also up.

There was a slight uptick in active used-vehicle retail listing volume, which came in a hair above 140,700 units last week, according to the report.

“Active listing volume began showing positive movement in early April and we are now seeing a continuation of that trend,” CBB said.