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Canadian Used Wholesale Market Shows Mixed Trends Amid Price Softening

The Canadian used wholesale market has recently experienced modest price fluctuations, with weekly changes ranging from -0.19% to 0% overall. Car segments generally declined between -0.03% and -0.20%, with Full-Size Cars leading the drop at -0.67%, though some segments like Sub-Compact and Sporty Cars saw minor gains. Truck and SUV segments showed mixed trends, from a -0.22% decrease to a +0.04% increase, with Full-Size Pickups consistently gaining (up to +0.64%) and Full-Size Vans seeing the steepest decline at -1.37%. Wholesale inventory trends reflect a gradual softening in prices, with occasional resilience in select categories. Auction sale rates averaged between 47.9% and 56.8%, influenced by pricing strategies and political factors, while cross-border demand and slow wholesale supply growth continue to impact inventory levels. Used vehicle listing prices remained relatively stable in March, hovering between $34,000 and $35,000 based on data from around 220,000 vehicles across Canadian dealer lots.