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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 450,000 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 450,000 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 450,000 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 450,000 new and used vehicle listings, bringing you the latest in pricing shifts and trends over time.

The national picture

According to the data, the median price of a new vehicle in Canada rose sharply again in October, though it didn’t match pre-pandemic highs. Prices rose 2.9 per cent month-over-month to $38,494. Meanwhile, October also saw both a month-over-month and year-over-year increase in median used car prices, with October’s prices overtaking pre-pandemic figures. Used prices rose 5.7 per cent month-over-month to $19,495.

According to autoTrader.ca, “a sustained groundswell in consumer demand contrasted with a shortage of vehicle availability in the market is showing signs of price inflation.” The company also said it expects market uncertainty caused by the ongoing global pandemic to continue playing a notable role in the evolution of economic trends and, in turn, influence the trajectory of Canadian vehicle prices throughout the last quarter of 2020.

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The provincial picture

Unsurprisingly, every province saw new and used vehicle prices increase month-over-month in October. Manitoba and Saskatchewan recorded the highest month-over-month increase for new vehicles at 6.5 per cent, followed by Alberta at 4.1 per cent and Ontario at 3.9 per cent. Alberta remains the region where consumers can expect to see the highest average price for new vehicles. According to autoTrader.ca, this could also be related to the above-average popularity of trucks in the province combined with the countrywide increase in truck prices this month.

For used vehicles, month-over-month prices have increased across the country, with British Columbia, Alberta and Ontario leading the curve. Quebec remains the region with the lowest average price for used vehicles.

According to autoTrader.ca, “it is possible that automotive dealers in Quebec anticipated an impact to consumer demand due to the increasingly pervasive COVID-19 presence across the province. As a result, dealers in that market may have taken a more conservative approach to the adjustment of vehicle inventory prices.”

The map below displays the median listing price and percentage change month-over-month 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

$32,5050.5% MoM

$18,8281.8%MoM

Alberta

$45,985 4.1% MoM

$23,9959.1% MoM

British Columbia

$40,7951.7% MoM

$21,89312.9% MoM

Manitoba & Saskatchewan

$44,0586.5% MoM

$23,4882.6% MoM

Ontario

$37,9983.9% MoM

$19,8887.6% MoM

Quebec

$33,7300.8% MoM

$16,4953.1% 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 F-150

Median price new: $53,469

Median price used: $33,995

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.

2. Ford Mustang

Median price new: $44,565

Median price used: $29,490

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. BMW 3-Series

Median price new: $57,710

Median price used: $22,980

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. Mercedes-Benz C-Class

Median price new: $59,975

Median price used: $31,899

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. Porsche 911

Median price new: $163,675

Median price used: $119,973

Read the review

Explore live listings in your area on autoTrader.ca.

6. Honda Civic

Median price new: $31,945

Median price used: $9,995

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.

7. BMW M

Median price new: $104,712

Median price used: $64,888

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: $101,536

Median price used: $59,995

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. Mercedes-Benz E-Class

Median price new: $86,001

Median price used: $33,880

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: $32,877

Median price used: $$22,998

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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