The wholesale used-vehicle market in Canada continued what Canadian Black Book analysts last week called a “steady gradual decline” — only with a bit more volatility among the car segments.

CBB’s Market Insights report for the week ending Aug. 17 showed a 0.28% decrease in overall values, slightly larger than the previous week’s 0.23% drop. But cars sank 0.44%, a large jump from the 0.20% rate of the week before, and four segments lost $100 or more in value during the week.

That fall was led by prestige luxury cars, which dropped $596 (0.89%) and luxury cars, down $361 (0.92%). Compact cars, which had actually gained value the previous week, fell by $113 (0.73%) and full-size cars were down $100 (0.46%).

Trucks/SUVs, meanwhile, fell just 0.14%, though only two segments gained value – full-size pickups ($171, 0.51%) and full-size luxury crossover/SUVs ($7, 0.01%). Minivans, down $135 (0.54%), full-size vans ($112, 0.33%) and compact luxury crossover/SUVs ($104, 0/25%) all lost more than $100.

In all 36% segments had an average value change of $100 or more.

Retail prices again held steady at $34,400.

Monitored auction sale rates stabilized, ranging from 25% to 59%, which CBB said is a result of a continued drop in floor prices, and analysts noted “less supply entering the wholesale market … as upstream channels continue to secure early access.” Even so, they said, demand remains high for more inventory in both Canada and the U.S.

The U.S. wholesale market was down 0.17% overall, with car segments dropping 0.29% and trucks down 0.12%. CBB analysts saw “a mix of adjustments” in a wholesale market three years out from the COVID-induced gap in new vehicle production that is also dealing with high interest rates, significant negative equity and rising new-vehicle incentives.

Last week, the compact car, crossover, minivan and small pickup segments performed well, while full-size luxury crossover/SUVs and other high-dollar segments declined significantly.