Summary: Canadian Used Wholesale Market – October 2025
In October, Canada’s used wholesale market saw steady week-over-week declines, with prices falling -0.15% to -0.30% overall.
- Cars: Values dropped -0.18% to -0.23%, led by declines in Full-Size, Luxury, Sporty, and Compact Cars. Smaller segments showed milder drops, with only a brief +0.03% uptick in Full-Size Cars.
- Trucks/SUVs: Prices fell -0.12% to -0.37%, with Full-Size SUV, Compact Van, and Pickup categories leading the declines. Minor early-month gains in Minivans and Luxury SUVs were short-lived.
- Market Activity: Around 20–40% of segments saw price changes over ±$100. Auction sale rates averaged 30–40% amid firm seller pricing and economic uncertainty. The average retail listing price dipped from $37,650 to $37,360, reflecting softer demand.
- Economic Context: Canada’s Composite PMI fell to 46.3, signaling continued contraction, though employment rose by 60,400. The trade deficit widened to $6.3B, and housing prices slipped 0.2%.
Overall: October brought gradual, widespread price erosion across the used vehicle market, with economic softness weighing on demand.
Economic Uncertainty and Rising Rates Signal Cooling Auto Market
The federal government shutdown has stretched into its fifth week, delaying key economic updates such as GDP and jobless claims. Limited data shows pending home sales held steady in September, while consumer confidence slipped again in October.
Global Oil Prices Set to Fall as Supply Rises and Demand Growth Slows Through 2026
Global oil markets are expected to ease through 2026 as inventories build and production rises, leading to lower prices. The U.S. Energy Information Administration forecasts Brent crude to average $62 per barrel in late 2025 and $52 in 2026, reflecting a sharp drop from recent highs. Production growth will be driven mainly by non-OPEC+ countries, while OPEC+ gradually lifts earlier output cuts. U.S. crude production is projected to remain near record highs at 13.5 million barrels per day, sustained by steady Gulf of Mexico output.