It was another week of falling prices in the Canadian wholesale vehicle market.

The overall market was down 0.30% for the week ending Sept. 23, steady with the 0.29% drop the prior week, according to the latest Market Insights report from Canadian Black Book.

The average change during the same weeks of 2017-2019 was a 0.25% decline, CBB said.

Truck/SUV prices were down 0.32%, compared to a 0.29% drop the week before and a 2017-2019 average decline of 0.16%.

Car segments fell 0.27%, against a 0.29% decline the previous week and a 2017-2019 average dip of 0.33%, the company said.

“Supply remains low with demand for more recent and clean condition vehicles on both sides of the border. Upstream channels continue to tap supply before it can be available to wholesale markets,” CBB said in the report.

“Conversion rates continued to improve last week. Some observed sell rates were as high as 80% but most were in the 50-65% range. Last week we saw less sellers holding floor prices higher than buyers are willing to go, which has been contributing to lanes with improved sell rates.