The Canadian used wholesale vehicle market continued to slide last week, according to the latest Market Insights report from Canadian Black Book.

For the week ending September 6th, overall wholesale prices fell by 0.29%. Cars dropped 0.19%, while Trucks and SUVs recorded a sharper decline of 0.37%.

Among the hardest-hit categories were Full-Size Cars (-0.93%) and Sporty Cars (-0.32%). On the truck and SUV side, minivans fell by 0.87%, mid-size luxury crossovers by 0.67%, and compact crossovers/SUVs by 0.60%. The only segment posting gains was Full-Size Crossover/SUVs, which inched up by 0.15%.

Average retail listing prices at dealerships also softened. The 14-day moving average currently sits at around CAD $37,700, based on nearly 220,000 active listings nationwide.

Weak economic signals

The price declines come as broader Canadian economic indicators remain mixed. The country’s trade deficit narrowed to $4.9 billion in July, down from $6.0 billion in June. The Manufacturing PMI edged up to 48.3 in August but remains below the 50 threshold, pointing to continued contraction.

Meanwhile, 10-year government bond yields held steady near 3.18%, and the Canadian dollar weakened slightly to USD $0.724.

Industry developments

Automakers also made headlines with new product launches. BMW unveiled its iX3 electric crossover, built on an 800-volt platform with ultra-fast charging capability. Honda announced the revival of the Prelude nameplate as a hybrid sport coupe set for 2026. And Mercedes-Benz previewed its next-generation electric GLC, boasting a projected range of nearly 713 kilometres and charging speeds of up to 360 kW.