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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.

July 2018


The ADESA Canada Used Vehicle Price Index has been updated through July 2018.  The index increased after being adjusted for seasonality. Wholesale prices increased on average by 0.60% M-o-M.

 

The sales downturn that began in March has continued into July. With total sales for the month at 175,317 light vehicles, July year-over-year sales were down 3.6%, which marked the largest percentage slide thus far this year. Light truck sales declined 1.1% and passenger cars declined 9.0%. Consequently, year-to-date sales remained negative, down a slight 0.7% over last year with light truck sales increasing 3.3% against a 9.0% decrease in passenger car sales. However, even considering the negative overall market, there was notable strength among many brands.

 

The Genesis brand continued ramping up sales and recorded a 145.5% sales increase in July. Volvo, which has seen sales increase 43.4% year-to-date, has witnessed a 47.5% sales increase in July 2018 as sales of the Volvo XC40 help push the brand forward. Following at a distance, Infiniti garnered 14.6% sales increase in July despite slowdowns earlier in the year. Subaru similarly witnessed a 13.2% sales increase, aided by their new offering of the Subaru Ascent. Mitsubishi, which has been seeing strong sales in 2018, recorded an 11.6% sales increase for July and rounded out the double-digit sales increase for the month.

 

The largest sales decrease for the month was noted by FCA, down 33.3% with a discrepancy of nearly eight thousand units; this decline in volume from one of the three largest automakers was one of the primary contributors to the 3.6% decline in the Canadian market. This decline also solidified General Motors (-2.4%) firmly in the second place position in terms of total volume for the month. Despite the decrease, July 2018 remains the fourth largest July by volume on record.

 

Price movements by segment were mostly positive in July. Mid compact vehicles showed the most drastic increase at 4.2% ($374), followed by Midsize SUVs at 3.4% ($596), Compact SUVs at 1.4% ($187), and Fullsize Pickups at 1.0% ($253). Midsize vehicles showed the most drastic decrease at -3.3% ($333) followed by Minivans at -1.8 ($194).


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Used Car Vehicle Price Index

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