According to Canadian Black Book, this past week, Canadian wholesale vehicle prices continued to show stability in the market.
This trend has been prevalent for a month, a great departure from the market volatility since the spring.
Car segments decreased in wholesale value last week by -0.03%, and trucks also decreased by an identical -0.03%. This is the second week in a row that both segment groups have shown small declines.
U.S. wholesale used vehicle prices declined again for both car and truck segments. Car wholesale prices fell significantly by -0.74% and trucks were down by -0.39%.
The average days to turn for used car inventory listed for sale increased this past week to a 14-day moving average of 46 days. Generally, days to turn have been trending lower since June.
Consumer confidence trends continue to show weakness. This past week, the Bloomberg-Nanos Index showed its third-straight decline to its lowest level since mid-August.
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