ADESA Canada Price Index

The ADESA Canada Used Vehicle Price Index

ADESA Canada is the largest provider of wholesale used vehicle auctions in Canada. The Index is calculated from millions of pieces of sales data from ADESA Canada's live open bidding auctions with the addition of used vehicle auction sales data purchased through the National Auto Auction Association [NAAA].

July 2010

The ADESA Canada Used Vehicle Price Index has been updated through July. The index strengthened by approximately 0.8pts from June, seasonally adjusted. True to ALG’s forecast, auction prices continue to show weakness; but, not at the level seasonally expected, causing the Index to climb.

Although auction volume dropped 28% MoM, prices continued to weaken materially in the Fullsize Pick-up Segment, registering a 5% ($607) MoM decline. All other vehicle segments, except Mid-Compact and Compact SUV registered below 2% MoM weakness in resale prices. Mid-Compact Segment saw 29% (767 units) less sales, which helped keep the month-over-month resale prices steady. On the other hand, while the Compact SUV Segment saw 35% (284 units) less sales, resale prices for the Compact SUV Segment increased by 1% ($135) MoM.

New vehicle sales were up over 6% from last July and July YTD remains 8.6% ahead of last year’s pace. This coupled with the new vehicle Fullsize Pick-up Segment continuing to offer substantial price adjustments provides little price support for this off-lease vehicle segment. Although, with the level of Fullsize Pick-up vehicles dropping, an organic price support level is near.