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Mobility In the market for a car? New and used prices were up across the country in August

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 as of August 2019 has grown by 3.4 per cent year-over-year. While new prices are fairly level, used vehicle prices have seen a marked increase at 8.8 per cent year-over-year. Both figures outpace the Bank of Canada’s targeted annual inflation rate of 2 per cent.

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.

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Atlantic Region

$36,2457.8% YOY

$17,9903.1% YOY

Alberta

$46,5963.1% YOY

$21,9880.4% YOY

British Columbia

$40,9613.6% YOY

$19,8005.5% YOY

Manitoba & Saskatchewan

$44,9007.1% YOY

$23,80013.4% YOY

Ontario

$37,0883.6% YOY

$18,4959.4% YOY

Quebec

$33,3280.7% YOY

$16,4759.9% YOY

In August 2019, all regions across the country experienced a year-over-year increase in both new and used vehicle pricing. This is the first time this year that all regions experienced year-over-year growth in both new and used prices.

In Manitoba and Saskatchewan, a jump in both new and used sedan prices led the charge. Prices in Manitoba and Saskatchewan were at their lowest point over the summer months of 2018, which caused the large jump in year-over-year prices. In Ontario, new and used prices for trucks, sedans and SUVs are up year-over-year, but month-to-month all three segments saw slight declines. In Quebec, a jump in used sedan prices has contributed the most to an increase in used prices in the province.

The picture in search

Looking to see what other potential car buyers are searching for? These were the top 10 most searched vehicles in August 2019 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: $39,237

Median price used: $33,894

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: $57,232

Median price used: $26,500

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. Ford F-150

Median price new: $52,979

Median price used: $35,000

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. Honda Civic

Median price new: $30,607

Median price used: $14,495

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: $60,600

Median price used: $36,799

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. Porsche 911

Median price new: $166,884

Median price used: $159,829

Read the review

Explore live listings in your area on autoTrader.ca.

7. BMW M

Median price new: $121,794

Median price used: $65,000

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. Chevrolet Corvette

Median price new: $83,295

Median price used: $69,995

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.

9. Jeep Wrangler

Median price new: $50,959

Median price used: $34,999

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. Toyota RAV4

Median price new: $35,185

Median price used: $24,995

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.

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