Business Wire·Aug 13, 2026, 10:00 AM ET

CARFAX Canada: Used Car Prices Level Off as Inventory Ramps Up in the First Half of 2026

CARFAX Canada released its Mid-Year 2026 Used Vehicle Market Insights Report to assist dealers in refining buying & selling strategies based on current trends.
The market is normalizing with inventory ramping up over the last two months, leading to stable pricing & more consumer options.
Used vehicle sales in June 2026 totaled 277,361 transactions, a 1.3% month-over-month increase but a 2.9% year-over-year decline.
First-half 2026 used vehicle transactions reached approximately 1.49 million units, down 4.2% compared to the same period in 2025.
National average listing prices increased 0.2% month-over-month in June to $31,487 but remain 4.7% below 2025 levels.
Inventory growth accelerated in June by 15.5% month-over-month & 2.5% year-over-year, with the SUV segment reaching a record share of total inventory.
Vancouver remained the most expensive market with average prices at $44,995 (up 10.2% YoY), while Quebec offered the most affordable pricing among major provinces.
Used EV average listing prices rose to $42,834 in June, reversing earlier declines & showing improved consumer interest despite concentration in premium vehicles.
Affordability concerns, high cost of living, & economic uncertainty continue to constrain demand, though stabilizing prices & growing inventory support transaction volumes.
Future market stability depends on whether inventory levels continue to rise while demand potentially declines due to ongoing economic pressures & trade negotiations.