Pricing in the Canadian used wholesale market was down -0.32% for the week ending on June 28, according to Canadian Black Book. Its data report shows prices slipped lower from the prior reporting period, when pricing was -0.19%.
Both car segment prices and trucks/SUVs segment prices decreased by the same amount: -0.32%. Cars were down -0.06% the prior week, while trucks/SUVs were down -0.29%. The only positive segments overall were minivans at +0.26% and sub-compact luxury crossovers/SUVs at +0.11%.
“The Canadian market’s decrease in pricing continues with a decline more pronounced than in its previous week,” said CBB in its Market Insights report. “Just under 41% of the market segments experienced an average value change of more than ±$100.”
In the car category, the segments with the most notable declines were sub-compact cars (-0.69%), sports cars (-0.63%), and full-size cars (-0.58%). Segments with the least amount of depreciation were near-luxury cars (-0.05%) and compact cars (-0.09%).
For trucks/SUVs, the categories with the biggest decline in values were full-size luxury crossovers/SUVs (-1.20%), full-size crossovers/SUVs (-0.69%), and compact vans (-0.46%). As mentioned earlier, minivan (+0.26%) and sub-compact luxury crossovers (+0.11) were on the upside.
The average listing price for used vehicles, following the 14-day moving average, was $37,500 — based on around 220,000 used vehicles listed for sale on Canadian dealer lots.
“There has been a continuous fluctuation in sale rates across various auction lanes that can be attributed to several factors including ongoing political variances and the gradual change in floor prices,” said CBB. On supply, it said this has remained high in comparison to prior weeks; “however upstream channels continue to gain early access. There continues to be a high demand on both sides of the border for an increase in inventory and vehicles at auctions.”
Kelly, A.-M., Canadian Auto Dealer, Phillips, T., dealer, C. auto, Phillips, T., & Canadian Auto Dealer. (2025, July 2). Canadian used wholesale market prices slip -0.32%. Canadian Auto Dealer. https://canadianautodealer.ca/2025/07/canadian-used-wholesale-market-pricing-slips-to-0-32/