The news: Canadian Black Book reported wholesale used-vehicle values fell 0.18% for the week ending September 19, 2026, almost the same pace as the 0.19% drop the week before. The weakness sat in the bigger vehicles. Trucks and SUVs fell 0.30% while cars were nearly flat at minus 0.03%. Full-size crossover/SUV posted the largest decline at 1.21%, and compact vans (the minivan segment) fell 0.89%, following a 0.61% drop the week ending September 12. At the small end, subcompact crossovers gained 0.38% and subcompact luxury crossovers gained 0.76%. Canadian Auto Dealer
What it means: Wholesale is what a dealer pays to buy a vehicle at auction, and trade-in offers follow it. One bad week can be noise. Two in a row, the second steeper than the first, looks like the segment has turned. Put together, minivans gave up about one and a half percent of wholesale value in two weeks, while car values as a group barely moved last week. On the floor that tracks with the calendar. Families shop for vans before summer road trips and before school starts, and by late September most of that demand has been served. The buyers still looking now have more choice and less urgency, and auction prices reflect that.
My prediction: Canadian Black Book's compact-van (minivan) wholesale segment will post more weekly declines than gains in its reports covering the weeks from September 26 through November 28, 2026, because the post-summer drop in family-hauler demand usually runs into winter and the segment has already turned. I'll be wrong if the gains match or outnumber the declines over that stretch.
If you're buying right now: If you're replacing a minivan this fall, get the van appraised now rather than in November. The trend is working against sellers week by week, even though it isn't collapsing. If you're the one shopping for a used Odyssey or a three-row SUV, the same trend works in your favour. Start with what your trade is likely worth in Ontario, then see today's best pre-owned Hondas for what's on the lot this week.
Quick answers
Are minivan trade-in values dropping in Canada right now?
Wholesale values are. Canadian Black Book, as reported by Canadian Auto Dealer on September 23, 2026, said the compact-van (minivan) segment fell 0.89% for the week ending September 19, after a 0.61% decline the week ending September 12. Trade-in offers usually follow the wholesale trend, so two straight weekly declines point to softer minivan appraisals this fall, not a guarantee on any one vehicle.
Which vehicle segments fell the most in the latest Canadian Black Book report?
For the week ending September 19, 2026, full-size crossover/SUV had the largest decline at 1.21%, followed by compact vans (minivans) at 0.89%. Overall values fell 0.18%, trucks and SUVs fell 0.30%, and cars were nearly flat at minus 0.03%. Subcompact crossovers gained 0.38% and subcompact luxury crossovers gained 0.76%.
Should I trade in my Odyssey now or wait until spring?
If you are already planning to replace a minivan this fall, an appraisal now captures today's number before more weekly declines stack up. Waiting only pays off if you can keep the van through winter and trade it in the spring demand season instead. Either way, get a written number first so you are comparing real offers.
Thinking about trading in a minivan?
Send me the year, trim and kilometres and I'll tell you where it likely lands this month, before the next weekly report moves it 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 23 and September 18, 2026, citing Canadian Black Book weekly market reports. Predictions are my personal read, not Honda Canada policy.
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