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How much would it cost to buy a vehicle if you were in the market for one right now? This auto price report is updated monthly and offers a view of the Canadian automotive market by analyzing pricing data associated with over 400,000 new and used vehicle listings.

This data was provided by the autoTrader.ca Price Index. To download a full pdf version of this report, click here.


Read the methodology

Click below to learn more about each of the data points for the index.

National Median Price - Marketplace Index:

Based on median Canadian automotive pricing data (CAD $) collected from more than 400,000 listings monthly on autoTRADER.ca. Data is collected every month, and monthly and yearly comparisons are calculated on the 25th of each month. This chart focuses on the median price of a vehicle, which is defined as the middle price; half of the cars sold in Canada are priced below the median and half are priced above. In addition to median pricing, year-over-year (YOY) price changes have been identified in blue. Median price has been charted, rather than average, in order to ensure that high or low price outliers do not skew results. Any changes under 0.1% have been denoted as 0.0%.

National Median Price by Region:

Based on median Canadian automotive pricing data (CAD $) collected from more than 400,000 listings monthly on autoTRADER.ca. Data is collected every month, and monthly and yearly comparisons are calculated on the 25th of each month. The Atlantic region is defined as: Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland & Labrador. Due to limited population size, the territories are excluded, and Manitoba and Saskatchewan have been combined. This chart focuses on the median price of a vehicle, which is defined as the middle price; half of the cars sold in Canada are priced below the median and half are priced above. In addition to median pricing, year-over-year (YOY) price changes have been identified in blue. Median price has been charted, rather than average, in order to ensure that high or low price outliers do not skew results. Any changes under 0.1% have been denoted as 0.0%.

National Top Searched Vehicles:

Based on the top ten most commonly searched vehicles for new and used listings, on autoTRADER.ca. Data is collected every month, and monthly and yearly comparisons are calculated on the 25th of each month. Prices indicated refer to the median new and median used price for each vehicle, averaged across all trim levels.

About the autoTRADER.ca Index:

The autoTRADER.ca Price Index offers a monthly view of the Canadian automotive market by analyzing vehicle pricing data associated with over 400,000 new and used vehicle listings, bringing you the latest in pricing shifts and trends over time.

The national picture

Despite a 75 per cent drop in car sales in the month of April, the same fall has not been reflected so far in auto prices. According to the data, the median price of a new vehicle in Canada is $40,115, a marginal increase of 0.8 per cent year-over-year and 0.2 per cent month-over-month. The median used vehicle price also remained relatively stable at $18,995, a 0.1 per cent increase both year-over-year and month-over-month.

Analysts are also hopeful that the industry has already seen the bottom, with sales and consumer sentiment expected to rise. According to a survey from autoTrader.ca, 18 per cent of Canadians surveyed indicated that they intend to purchase a vehicle within the next six months. That figure has stayed steady for the past three weeks, and is only a slight drop from pre-COVID-19 levels, when 23 per cent said they intended to purchase a vehicle.

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The provincial picture

New vehicle prices are up across the country. New vehicle prices in British Columbia experienced the largest lift across the country, up 0.7 per cent month-over-month. This is followed by Ontario and Québec, which also saw increases of 0.5 per cent and 0.1 per cent respectively.

Alberta experienced the largest month-over-month drop with a 1.1 per cent decline compared to March. Additionally, Atlantic Canada and Manitoba and Saskatchewan also experienced declines of 1 per cent and 0.1 per cent month-over-month.

The figures suggest some of the other regions in Canada are only just starting to see early signs of the modest declines reported in B.C., Québec and Ontario last month.

The map below displays the median listing price and percentage change year-over-year for new and used vehicles by region. Due to limited population size, the territories have been excluded, while Manitoba and Saskatchewan have been combined. Purple indicates new vehicles, while blue indicates used.

Atlantic Region

$34,490-0.97% MoM

$18,500-2.05%MoM

Alberta

$46,444-1.09% MoM

$22,9950.41% MoM

British Columbia

$43,6390.71% MoM

$19,9950% MoM

Manitoba & Saskatchewan

$43,555-0.06% MoM

$23,000-2.08% MoM

Ontario

$38,3790.48% MoM

$18,9500.82% MoM

Quebec

$34,8900.09% MoM

$16,9950.01% MoM

The picture in search

Looking to see what other potential car buyers are searching for? These were the top 10 most searched vehicles last month on autoTrader.ca, along with their median listing prices. Click through the links to read Globe Drive’s review of the model, view listings in your area and find the the latest discounts, rebates and rates for your selected model through our build and price tool.

1. Ford Mustang

Median price new: $47,328

Median price used: $27,688

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

2. Porsche 911

Median price new: $165,706

Median price used: $112,993

Read the review

Explore live listings in your area on autoTrader.ca.

3. BMW 3-Series

Median price new: $59,421

Median price used: $18,995

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

4. Ford F-150

Median price new: $53,568

Median price used: $29,900

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

5. Mercedes-Benz C-Class

Median price new: $61,910

Median price used: $28,900

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

6. Chevrolet Corvette

Median price new: $84,312

Median price used: $52,995

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

7. BMW M

Median price new: $109,750

Median price used: $55,911

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

8. Mercedes-Benz E-Class

Median price new: $86,350

Median price used: $27,900

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

9. Chevrolet Camaro

Median price new: $43,389

Median price used: $26,900

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

10. Honda Civic

Median price new: $31,945

Median price used: $9,800

Read the review

Get exclusive savings on a new model through the Globe Drive Build and Price Tool or explore live listings in your area on autoTrader.ca.

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