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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.

January 2019

 

The ADESA Canada Used Vehicle Price Index has been updated through January 2019.  The index increased after being adjusted for seasonality. Wholesale prices decreased on average by 0.4% M-o-M.

 

2018 marked the first time in eight years that the Canadian new vehicle sales market experienced declining sales. Expectations for the market are relatively dampened going into 2019 and a less-than-enthusiastic January continued the trend seen in recent months. Total new light vehicle sales dropped 7.3% with 108,774 units sold, placing last month as the fourth highest January on record, with sales falling back in line with 2016 figures; this month remained below 2018, 2017, and 2002 respectively. Light truck sales, which have been offsetting passenger car losses for some time, noted a decrease in January 2019 with sales down 4.9% while passenger car sales declined 13.7%.

 

Of the 26 brands represented in the snapshot, only eight reported a year-over-year increase while the rest reported declines. Twelve brands reported double digit declines compared to their January 2018 results.

  • Toyota, the fourth highest brand by volume for the month, recorded a 14.4% sales increase and as a result contributed an additional 1,610 units to the Canadian sales total which was the largest volume growth across the industry
  • Genesis, at a lower volume, maintained much of their momentum from previous months and recorded a 70.0% sales increase in January
  • Hyundai and Volvo outperformed the market by a wide margin and noted sales increases at 22.4% and 20.3% respectively
  • Mitsubishi (+15.9%) and Kia (+9.1%) also reported strong sales increases and outpaced much of the competition
  • The largest volume decrease for the month was recorded by FCA which witnessed a 20.1% sales decrease, falling 3,500 units below January 2018
  • Another significant volume decrease was recorded by General Motors, down nearly 2,500 units over January 2018 with a 14.8% sales decrease
  • Despite a 1.9% sales decrease, Ford claimed pole position in volume sales for January 2019

As always, the high volume spring selling season will prove key in determining the overall market outlook in 2019.

 

Price movements by segment were neutral in January. Midsize SUVs showed the most drastic decrease at -9.4% ($1,668), followed by Compact SUVs at -3.5% ($477), and Fullsize Pickups at -1.6% ($403). Minivans showed the highest increase at 9.5% ($1,130), followed by Midsize vehicles at 3.6% ($406), and Mid Compact vehicles at 2.5% ($230).


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Used Car Vehicle Price Index

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