TORONTO -

The used-vehicle price trend for the Canadian market in September? They are maintaining their increased price levels set earlier in the year, according to the autoTRADER.ca Price Index. September showed a 10.6% year-over-year increase, but compared to August showed a 1.6% month-over-month increase.

The autoTRADER.ca Price Index, which analyzes vehicle pricing data associated with more than 400,000 new- and used-vehicle listings, offers a monthly view of the Canadian automotive market.

One trend shown in the study is that used Asian-manufactured vehicles continue to retain year-over-year value. The average price of used Asian-manufactured vehicles has remained steady since February, currently at $16,588.

Overall, Canadian automotive price growth is stabilizing for new and used vehicles.

The September index showed a 1.1% median decrease for new vehicles in September compared to the previous month. Canadian automotive prices for new vehicles are still up by 1.6% year-over-year, but they have begun to show signs of leveling off.

As for used vehicles, since February, their median price has remained somewhat stable.

The 10.6% increase in year-over-year used-vehicle prices occurred mainly because of weak used-vehicle prices in market between August 2018 and October 2018, according to autoTRADER.ca. That situation, according to autoTRADER.ca’s analysis, is not reflective this year.

The average price of used sedans is up year-over-year. But it was virtually unchanged between July and September. That reflects a pattern autoTRADER.ca saw during the same period last year.

Meanwhile, used truck prices have remained flat for six of the past seven months. That is different than the 2018 situation, which showed median used truck prices fluctuating by plus or minus 6% over the course of the year.

Used SUV prices have seen consistency so far this year, with an approximate $22,000 average price. That compares to the average September 2018 price of approximately $21,000.

More on used Asian vehicles: They have shown the highest year-over-year increase in median price, at 10.6%, over last year’s prices, which were flat from July to October.

Additional trends: The study breaks down median price by body type. The national used car median price is $14,998, up 7.2% year over year. The median used SUV price of $21,999 is up 4.8% year over year, and the used truck median price of $29,995 is up 5.3% year over year.

The national top searched vehicles on autoTRADER.ca from late August 2018 to late September 2019 were:

1. Ford F-150
2. Ford Mustang
3. BMW 3-Series
4. Mercedes-Benz C-Class
5. Honda Civic
6. Porsche 911
7. BMW M
8. Jeep Wrangler
9. Mercedes-Benz E-Class
10. Chevrolet Corvette