The news: Canadian Black Book reported wholesale used-vehicle values fell 0.19% for the week ending September 12, 2026 — steeper than the 0.05% decline the week before. Car values dropped 0.21% (subcompact cars led at −0.83%, mid-size cars at −0.73%, while compact cars were the one segment to gain, up 0.28%). Truck/SUV values fell 0.17%, with minivans down 0.61% and mid-size crossover/SUV — the CR-V's class — down 0.58%. Subcompact luxury crossover/SUV was the standout gainer, up 1.49%. Even with the faster pace, the overall decline stayed milder than the 0.26% average recorded during the same week from 2017 to 2019. Canadian Auto Dealer
What it means: Wholesale is the number a dealer pays at auction to acquire inventory, and it moves ahead of what shows up on a retail sticker — and ahead of what gets offered on your trade-in. Going from a 0.05% weekly decline to 0.19% in a single week is acceleration, not just continuation. It's still a gentler drop than a typical September from a decade ago, so this isn't a market falling out of bed. But the mid-size crossover/SUV segment softening at nearly six-tenths of a percent in one week lines up with the CR-V retail price drop reported the same day in a separate CarGurus release — the same segment is soft at both ends of the transaction right now.
My prediction: Canadian Black Book's mid-size crossover/SUV wholesale index will post at least three more weekly declines before it levels off, keeping CR-V-class trade-in offers soft into November 2026, because off-lease supply in that segment keeps building through Q4 while active new-CR-V incentives pull marginal buyers toward new instead of used. I'll be wrong if that segment posts two straight weekly gains before November 1.
If you're buying right now: If you're planning to trade in a CR-V-class SUV, get it appraised sooner rather than later — the wholesale trend is moving against sellers this month, even if it isn't collapsing. Check where your trade likely lands on what's my trade worth in Ontario before you commit to a timeline.
Quick answers
Are wholesale used vehicle prices falling in Canada right now?
Yes. Canadian Black Book, as reported by Canadian Auto Dealer on September 18, 2026, said wholesale used-vehicle values fell 0.19% for the week ending September 12 — a steeper drop than the 0.05% decline the week before. Cars fell 0.21% and trucks/SUVs fell 0.17%. The decline was still milder than the 0.26% average recorded during the same week from 2017 to 2019.
How does a wholesale price decline affect my trade-in?
Wholesale values are what a dealer pays to acquire used inventory, usually at auction, and they move ahead of retail listing prices — a falling wholesale trend typically shows up in trade-in offers before it shows up in what's posted on a lot. Two straight weeks of steeper wholesale declines is a signal trade-in offers are likely to soften, not a guarantee on any specific vehicle.
Is a CR-V-class SUV trade-in affected by this?
The report's mid-size crossover/SUV segment — the CR-V's class — was down 0.58% for the week, one of the larger segment declines reported. Minivans were down 0.61%. Subcompact luxury crossover/SUV was the standout gainer at +1.49%.
Thinking about trading in a CR-V-class SUV?
Send me the year, trim and mileage and I'll tell you where it likely lands this month — before the wholesale trend moves again.
Henry Chen
Sales and Leasing Executive, Maple Honda
89 Auto Vaughan Dr, Maple, ON L6A 4A1
647-523-6878 · henry@maplehonda.com
Canadian Auto Dealer, September 18, 2026, citing Canadian Black Book weekly market report. Predictions are my personal read, not Honda Canada policy.
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