06.23.2026

Market Insights – 6/23/26

Wholesale Prices, Week Ending June 20th, 2026

The Canadian used wholesale market saw a decline of -0.35% in pricing for the week. Car segments prices decreased by -0.17% while the Truck/SUV segments decreased by -0.04. Overall, the Compact Van segment saw the biggest increase of +1.54%. The largest declines in the Car segments were seen in Mid-Size Car at –1.45% and Compact Car with -0.61%. The largest declines in the Truck/SUV segments were Mid-Size Luxury Crossover/SUV with –0.77% followed by Mid-Size Crossover/SUV at –0.59%.

Car Segments

• Last week car values decreased, with the overall cars market down 0.42%.
• Those with the largest drops were Mid-Size Car (-1.45%), Sub-Compact Car (-0.84%), Compact Car (-0.61%), and Prestige Luxury Car (-0.59%).
• The smallest declines were noted in Sporty Car (-0.12%), Premium Sporty Car (-0.19%) and Full-Size Car (-0.22%).

Truck / SUV Segments

• Last week truck values softened, with the overall trucks market down 0.29%.
• The largest declines were noted in Mid-Size Luxury Crossover/SUV (-0.77%), Mid-Size Crossover/SUV (-0.59%), and Compact Luxury Crossover/SUV (-0.43%).
• Those with the smallest declines were Minivan (-0.07%) and Sub-Compact Luxury Crossover (-0.08%).
• Increases were noted in Compact Van (+1.54%) and Small Pickup (+0.38%).

Wholesale

The Canadian market’s downward trend continues, with a slightly steeper decline compared to last week. Car segment values experienced a 0.17% change, resulting in an overall decline of -0.42%. Truck segment values presented a 0.04% shift, resulting in a cumulative decline of -0.29%. Approximately 45% of market segments saw average value movements greater than ±$100.Auction sale rates across watched lanes ranged from 10.3% to 76.2%, resulting in an average of 43.2%. Fluctuations in auction performance continues, driven by seasonal changes, political conditions and sellers standing firm on floor prices. A slight spike in auction inventory has been noted; however upstream channels continue to hold priority sale access to inventory. Buyer demand for high-quality vehicles at auctions on both sides of the border persists.

Used Retail Prices & Listing Volume

The average listing price for used vehicles is slightly decreasing, as the 14-day moving average was at $36,900. This analysis is based on approximately 169,000 used vehicles listed for sale on Canadian dealer lots.

Market Insights

Economics & Government

• Statistics Canada reported that the Canadian population declined by about
  55,000 people in Q1 of 2026, its third quarterly drop. The population decline is
  being driven by government efforts to cut the number of temporary foreign
  residents, including students.
• The yield on Canadian 10-year government bonds have increased slightly to
  3.30%.
• The Canadian dollar is around $0.701 this Monday morning, a slight
  decrease from $0.718 a week prior. With the US Federal Reserve signaling that it
  could increase rates later this year, the growing rate differential between US and
  Canadian government bonds are putting downward pressure on the Canadian
  dollar.

U.S. Market

• The wholesale market remained stable but selective last week, as auction conversion rates declined to 58% from 62% the prior week. On a volume-weighted basis, Car values decreased -0.08%, while Truck values declined -0.23%, with select luxury and near-luxury cars continuing to outperform and posting modest gains. Buyer participation remained strong both in-lane and online, but bidding was concentrated on the most desirable inventory, reflecting a disciplined approach that prioritized segment desirability, condition, and retail demand over mileage alone.

Industry News

• More jobs are expected to be cut from the Oshawa assembly plant as the refreshed 2027 Chevrolet Silverado 1500 pickup truck goes into production later in 2026, but the brand has not disclosed which plant will now build it.
• The luxury tax introduced back in 2022 has yielded more than $900 million in tax revenue. Scaled back last Fall to exclude boats and planes, it is now only applied to cars/trucks over $100,000, which has been a larger revenue generator for the program than expected.
• Chevrolet took the wraps off its redesigned 1500 pickup truck, now with a new set of V8’s, the 5.7L and 6.6L engines will sell alongside the carryover 2.7L 4 cylinder and 3.0L Diesel options. Along with revised exterior styling, the new trucks receive a host of new tech and screens.
• Hyundai Canada has announced the appointment of two leadership positions. Coming from Google Canada, Laura Nava will focus on growth initiatives and strategic partnerships as the brands Director of Marketing. Fabio Cappella now moves into the role of Director of Product and Corporate Strategy, replacing Michael Ricciuto, who will be retiring after 15 years with the organization.
• Stellantis is regrouping to build a more robust Ram brand that it intends to unseat Jeep as its top volume make, targeting 825,000 global sales by 2030.It plans to do this bybuilding a product line that reaches far beyond the segments the brand currently serves today.
• Lexus is launching an all-new ES sedan in the lineup. For its 8th generation, the model’s platform has been tasked with playing double duty as both a hybrid and an EV, as well as taking the role of two models as the brands larger LS sedan is scheduled to be discontinued this year. Lexus expects a 50/50 split between sales of the hybrid and EV, totaling 1,000 units.