Canadian wholesale used-vehicle values declined just 0.05% last week, showing a slower pace of depreciation. Car values increased 0.01%, marking their first weekly gain since early May, while Truck and SUV values fell 0.09%. Sub-Compact Crossovers/SUVs led the market with a 1.01% increase, while Full-Size Vans posted one of the largest declines at 0.54%.

Demand for clean, high-quality used vehicles remains strong, although buyers continue to be selective. Auction sale rates averaged 36%, and used retail asking prices edged higher to approximately $38,500 based on about 160,000 dealer listings.

For fleets, the slower decline in wholesale values is encouraging for near-term remarketing. The broader Canadian vehicle market is also showing improvement, with August new-vehicle sales up 5.4% year over year, marking the third consecutive month of growth. However, performance continues to vary significantly by vehicle segment, making vehicle type and remarketing timing important considerations.