Skip to main content

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

According to the data, the overall median listing price of new vehicles continued to stay above the $40,000 barrier in Canada, settling at $40,386. This accounts for a 0.3 per cent decline month-over-month and a 1.5 per cent increase year-over-year. Meanwhile, used vehicle prices remain stable at $18,900, translating to a modest increase of 0.1 per cent from last month. Compared to the same period last year, we see an increase of 5 per cent.

New sedans, trucks, and SUVs are all up month-over-month, as manufacturers continue to replace 2019 models withan updated 2020 lineup. New trucks experiences the greatest year-over-year growth of 5.7 per cent, followed by sedans, up 4.9 per cent. New SUV prices did not follow suit, however, experiencing a decline of 0.2 per cent.

Story continues below advertisement

The provincial picture

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

$35,2684.4% YOY

$17,9900.5% YOY

Alberta

$47,5171.1% YOY

$22,8804.0% YOY

British Columbia

$43,3755.5% YOY

$19,9980.5% YOY

Manitoba & Saskatchewan

$44,390-2.1% YOY

$23,6207.9% YOY

Ontario

$38,6903.8% YOY

$18,9876.1% YOY

Quebec

$34,1040.0% YOY

$16,4954.1% YOY

Quebec ended off the year as the most economical region in Canada to purchase new and used vehicles. This was largely due to a greater inventory of sedans, which accounted for 51 per cent of the vehicle composition in the region compared to 42 per cent across Canada.

New vehicle growth was strongest in B.C., up 3.3 per cent from last month, ending the year at $43,375. Additionally, B.C. was the only market to have a notable price increase in Canada month-over-month

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 F-150

Median price new: $55,519

Median price used: $30,800

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.

2. BMW 3-Series

Median price new: $59,608

Median price used: $19,933

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.

3. Mercedes-Benz C-Class

Median price new: $63,272

Median price used: $28,898

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 Mustang

Median price new: $42,525

Median price used: $26,995

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.

5. Honda Civic

Median price new: $31,109

Median price used: $9,988

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. Mercedes-Benz E-Class

Median price new: $87,290

Median price used: $28,995

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. Porsche 911

Median price new: $168,678

Median price used: $114,900

Read the review

Explore live listings in your area on autoTrader.ca.

8. BMW M

Median price new: $117,100

Median price used: $55,445

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.

9. Toyota RAV4

Median price new: $36,014

Median price used: $22,995

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.

10. Honda CR-V

Median price new: $37,790

Median price used: $20,900

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.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Comments are closed

We have closed comments on this story for legal reasons or for abuse. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies