Toyota Fleet Update – Limited 25MY Availability
Toyota’s 2025 model year (25MY) inventory is nearly sold out, with only two models still available for ordering. The Crown Signia and Tacoma remain open for orders, both with estimated delivery timelines in August 2025.
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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.
Canada's Automotive Trade Balance with the U.S. in 2024: A Mixed Picture
In 2024, Canada remained a net importer in the automotive sector, with exports totaling $82.21 billion and imports reaching $142.74 billion. While the U.S. accounted for 95% of Canada's automotive exports and 57% of imports, Canada's trade balance with the U.S. showed a surplus in light vehicles, exporting $43.82 billion and importing $35.49 billion, resulting in an $8.33 billion surplus for light vehicles. However, Canada faced a significant trade deficit with the U.S. in medium and heavy-duty trucks, engines, and automotive parts, contributing to an overall negative automotive trade balance of over $3 billion in 2024.