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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.

August 2018


The ADESA Canada Used Vehicle Price Index has been updated through August 2018.  The index increased after being adjusted for seasonality. Wholesale prices increased on average by 0.46% M-o-M.

 

For the sixth consecutive month, Canadian new light vehicle sales have decreased after a strong start to the year in January and February. Down 1.6% over August 2017, sales last month settled at 180,942 units, a difference of nearly three thousand units. Despite the minor decrease, last month’s sales still hold the second strongest August sales on record, roughly five thousand units above August 2015, holding third place. Year-to-date sales remain just 0.8% shy of 2017’s record but approximately 4.4% above 2016 figures.

 

Passenger car sales declined 10.6% in August while light trucks increased 2.6% with sales settling at 52,842 and 128,100 units respectively. Year-to-date passenger car sales slipped 9.2% while year-to-date light truck sales grew 3.2%.

Even with the ongoing slowdown in the new light vehicle market, several brands reported impressive results. Some highlights include:

  • Genesis sales continued to ramp up and increased 236.4% in August and 169.8% year-to-date
  • Volvo maintained a strong 43.5% sales increase year-to-date with a 44.6% sales increase for August 2018
  • Mitsubishi (+17.8%) and Acura (+13.1%) outperformed the market and secured double digit percentage sales increases
  • Ford, with a 7.1% sales increase, took pole position as the volume leader for August, overtaking General Motors which held the position in August of last year


Price movements by segment were mostly positive in August. Minivans showed the most drastic increase at 4.9% ($561), followed by Fullsize Pickups at 3.8% ($980), Compact SUVs at 3.3% ($452), and Midsize vehicles at 1.4% ($149). Mid Compact vehicles showed the most drastic decrease at -4.2% ($361) followed by Midsize SUVs at -3.2 ($546).


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Used Car Vehicle Price Index

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