How Canadian used-car prices fared last week
Wholesale vehicle prices were up in Canada last week, but only slightly, according to the latest weekly report from Canadian Black Book.
Overall, prices climbed 0.08%, compared to a gain of 0.35% the prior week. The average for the same week during 2017-2019 was a dip of 0.19%, CBB said.
Car segments were ahead of the game, with prices up 0.26%. The prior week, car segment prices were up 0.34%. The 2017-2019 average was a decrease of 0.10%.
Next up, truck and SUV prices were up 0.10% for the week, according to CBB. That compares to a 0.36% hike the week before and a decrease of 0.28% for the 2017-2019 average.
On the retail side of the market, Canadian Black Book said of price trends: “Used vehicle average listing prices continued their upward trend this past week when looking at both the 14-day moving average (now at ~$26,700) and the 28-day moving average. Analysis is based on approximately 140,000 vehicles listed for sale on Canadian dealer lots.”
CBB said there was a modest decline in active listing volume. It pinpointed the 14-day moving average at a little more than 140,800,