It was another week of price slowdowns in the Canadian wholesale market, with overall values dropping 0.27% for the week ending Friday, according to the latest Market Insights report from Canadian Black Book.

That compares to a 0.30% decline the prior week. During the 2017 to 2019 timeframe for the same week, the average movement was a 0.22% decline.

Car segment values were down 0.28% last week, compared to a 0.27% decline the week before, and truck/SUV prices fell 0.26%, against a 0.32% drop the prior week, CBB said.

Of the 22 segments CBB tracks, just seven showed increases in price last week.

“The Canadian wholesale market decreased further last week. The overall decreases were similar to the prior week’s declines,” CBB said in its report. “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 there were was another uptick in conversion rates, which tended to hit the 50% to 60% range, with some climbing to 75%.

“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,” it said.