The Canadian wholesale market for the week ending Aug. 3 broke a pattern.

While Canadian Black Book’s Market Insights report found the market declined by 0.26% — slightly less than the previous week — trucks showed surprising power, with six of the 13 truck/SUV segments gaining value or breaking even.

Overall, trucks were down 0.18%, a marked improvement over the last week’s 0.34% loss, while car prices fell 0.35%, compared to 0.21% a week earlier.

Five truck segments (minivans, sub-compact luxury crossovers, full-size pickups, small pickups and compact vans) showed gains, with minivans leading the way at 0.45%, while full-size crossovers/SUVs held steady. Compact luxury crossovers/SUVs had the largest drop among truck segments at 0.42%.

Subcompact cars took the biggest loss on any segment, plummeting 0.81% for the week. All nine car segments were down, with prestige luxury cars and premium sporty cars both dropping by more than $300 in value.

CBB analysts noted while the overall market continued its steady downward trend, the week showed some unusual volatility, with 8 of the 22 segments (36%) showing an average value change of more than $100.

Monitored auction sale rates ranged from 20% to 64%, down from the previous week, and analysts said a continued drop in floor prices highlights the variations in sale rates across different lanes.

The 14-day moving average retail listing price for used vehicles rose to $34,400 based on approximately 220,000 used vehicles listed for sale on Canadian dealer lots.

The U.S. market for the week was opposite of Canada’s, with trucks losing 0.38% while cars were down 0.19%, as the overall market dropped 0.33%.

Black Book analysts said the U.S. market is beginning to stabilize following early summer volatility attributed to the CDK Global outage in June, and depreciation is returning to typical seasonal patterns.

Desjardins joins CBB as sales director

Industry veteran Julie Desjardins has joined Canadian Black Book as its new sales director.

In her new role, Desjardins will be responsible for driving revenue growth and customer satisfaction.

Julie Desjardins

Desjardins, a Montreal resident, spent 15 years with Cox Automotive where she “honed her skills in selling a wide range of APIs and software solutions,” CBB said in a news release. The company cited her “goal-driven mindset” and track record of customer service and sales achievements.

“Julie’s expertise and commitment to excellence make her an exceptional fit for our company,” CBB president Yolanda Biswah said. “We are confident that her leadership and innovative approach will significantly contribute to our ongoing success and expansion.”