11.10.2026

Market Insights – 11/10/26

 Wholesale Prices, Week Ending November 7th, 2026

 The Canadian used wholesale market saw a decline of -0.36% in pricing for the week. Car segment prices decreased by -0.39% while the Truck/SUV segment decreased by -0.35%. The largest declines in the Car segments were seen in Sub-Compact Car at -1.16% and Mid-Size Car with -0.94%. The largest declines in Truck/SUV segments were Minivan with -1.17% followed by Mid-size Crossover/SUV at-0.95%.

Car Segments 

• The overall car segment declined 0.39% this week, with the largest declines in Sub-Compact Cars at 1.16% and Mid-Size Cars at 0.94%.
• All reporting Car segments showed negative movement last week.

Truck / SUV Segments 

• Last week truck values continued to decline with the overall Truck/SUV Market down -0.35%. The largest declines were Minivan –1.17%, followed by Mid-Size Crossover/SUV -0.95%.
• Full-Size Van increased 0.20%, making it the only segment to post a gain.

Wholesale Market Commentary 

• The Canadian market’s downward trend moderated last week, with values showing minimal change. Truck segment values experienced a 0.04% shift, resulting in an overall decrease of –0.35%. Car segment values presented a 0.06% change, resulting in a –0.39% decrease. Slightly less than 64% of market segments saw average value movements greater than ±$100.
• Auction inventory continues to hold at high levels, though upstream channels continue to receive priority access. Demand for high -quality vehicles remains strong on both sides of the border.

Used Retail Prices & Listing Volume 

The average listing price for used vehicles has decreased slightly, as the 14-day moving average is at $37,300. This analysis is based on approximately 175,000 used vehicles listed for sale on Canadian dealer lots.

Market Insights

Economics & Government

• Statistics Canada reported that the Trade Surplus reached $5.4 billion in September, its highest level since May 2022. Exports to the US rose above 70% of the total volume for the first time since August 2025 led by energy products.
• The yield on Canadian 10-year government bonds decreased slightly to 3.57%. The Canadian dollar is around $0.714 this Monday morning, down slightly from $0.715 last week.

U.S. Market

Wholesale values continued to decline last week, with depreciation accelerating for Cars but easing for Trucks and SUVs. Auction results reflected selective demand: some newer sedans remained firm, while late-model SUV pricing varied, even among low-mileage vehicles. Overall, market conditions remained soft but varied by vehicle type.

Industry News

• Canadian Black Book hosted the industry atTalkAuto 2026 – in Vaughan, ON roughly 300 industry executives once again took in a full day of insights, conversations and networking as TalkAuto 2026 took place last week with the theme, “The Next 5 Years Will Define the Next 50”.
• 2026 Federal Budget slots in $587 million in funding for EV chargers – the Government has extended funding for its flagship charging program, as the recently released federal budget earmarked almost $600 million for public EV charging developments. The program was originally set to end in 2027.
• GM plans to invest $750 million toward the production of hybrids – producing hybrids at its Lansing, Mich. assembly plant, GM looks to add hybrid variants to its Chevrolet Traverse, GMC Acadia and Buick Enclave Mid-size crossovers. Originally targeting 2027 for these additions, the manufacturer has not confirmed arrival timing and instead will provide information “closer to launch”.
• U.S. Federal Midterm Election brings Democratic control of the House and Senate – the actions of President Trump have echoed throughout theU.S. and could result in the Canadian Auto Industry finding renewed optimism around a redirection on tariffs.
• Toyota names Mark Templin as new head of North American operations – succeeding Ted Ogawa, who moves on as a Senior Executive Adviser before returning to Japan to become a Senior Fellow to the Toyota Motor Corporation later next year. Templin was previouslythe brand’s COO and has been with Toyota since 1990.