ADESA Canada Price Index
The ADESA Canada Used Vehicle Price Index
The ADESA Canada Used Vehicle Price Index has been updated through March 2018. The index increased after being adjusted for seasonality. Wholesale prices increased on average by 0.10% M-o-M.
The Canadian Consumer Confidence saw a slight recovery in March after two months of decline. Despite the improvement, Canadians overall are less optimistic about making purchases than they were last year and have become less optimistic about future job prospects.
Sales of light vehicles in Canada dipped 0.6% in March amid signs that the economy was on track for a weaker-than-expected first quarter.
The total number of vehicles sold in March was 186,447, the second highest for the month since at least 2011, but down from 187,540 in March 2017.
Sales of passenger cars were down 12.4% to 53,932, from 61,557 a year earlier, more than off-setting an increase in light truck sales. Light truck sales were up 5.2% to 132,515 last month, from 125,993 in March 2017.
The first-quarter total was 429,258 vehicles light trucks and cars sold, up 1.8% from the comparable period last year.
Light trucks accounted for nearly three-quarters of the vehicles sold during the three-month period, rising 6.4% from a year ago to 308,072. Car sales were down 8.2% to 121,186.
General Motors saw a slight increase of 0.1% from March 2017, while Ford sales were down 1.6% to 26,050 and Fiat Chrysler's were down 7.7% to 24,490.
Sales of Toyota-branded vehicles was up 9.7% to 18,954, and sales of European brands Volvo, Volkswagen and its luxury affiliate Audi were up by double-digits.
Price movements by segment were mostly positive in March. Mid Compact vehicles showed the most drastic decrease at -5.0% ($444), followed by Midsize SUVs at -2.5% ($438). Minivans showed the highest increase at 9.0% ($1,001), followed by Compact SUVs at 2.9% ($408), Fullsize Pickups at 2.8% ($694), and Midsize vehicles at .1% ($14).