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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 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 median price of a new vehicle in Canada fell for the fourth month in a row. Prices fell 2.9 per cent month-over-month and 7.2 per cent year-over-year to $36,470. Meanwhile, the median price of used vehicles also dropped to to $17,488, which accounts for a 1.8 per cent decrease month-over-month and a 5.5 per cent decrease year-over-year.

The price drop is also notable in the face of a surge of first-time auto buyers who are eschewing vehicle-sharing in the wake of the COIVD-19 pandemic. This suggests a mismatch between price and demand, but also presents a compelling opportunity to buy.

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The provincial picture

Vehicle prices continue their downward trend in every province consumers benefit from dealers trying to move inventory and low interest rates, according to autoTrader.ca. Atlantic Canada experienced the largest pricing decline of 5.3 per cent month-over-month followed by British Columbia with a 2.6 per cent decline, and Manitoba and Saskatchewan with a 1.9 per cent decline. Alberta currently has the highest median new vehicle price at $43,006 compared to Atlantic Canada, with the lowest median price of $32,130.

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

$32,130-5.3% MoM

$17,3662.2%MoM

Alberta

$43,006-2.1% MoM

$19,995-0.02% MoM

British Columbia

$39,370-2.6% MoM

$17,888-0.6% MoM

Manitoba & Saskatchewan

$41,309-1.9% MoM

$20,999-4.1% MoM

Ontario

$35,332-3% MoM

$16,999-2.9% MoM

Quebec

$32,628-2% MoM

$15,995-1.8% 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: $52,814(Down from $53,944 previous month)

Median price used: $24,000 (Down from $28,995 previous month)

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: $44,080 (Down from $44,653 previous month)

Median price used: $25,500 (Down from $27,144 previous month)

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: $58,169 (Down from $59,301 previous month)

Median price used: $17,900 (Down from $18,889 previous month)

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: $60,681 (Down from $61,018 previous month)

Median price used: $28,500 (Down from $28,900 previous month)

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: $31,070 (Down from $31,945 previous month)

Median price used: $8,784 (Down from $9,500 previous month)

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: $164,687 (Down as $167,444 previous month)

Median price used: $109,888 (Up from $99,900 previous month)

Read the review

Explore live listings in your area on autoTrader.ca.

7. Chevrolet Corvette

Median price new: $88,368 (Down from $96,030 previous month)

Median price used: $47,500 (Down from $49,750 previous month)

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. Toyota RAV4

Median price new: $32,683 (Down from $32,956 last month)

Median price used: $21,495 (Down from $22,888 last month)

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. BMW M

Median price new: $100,754 (Down from $109,288 previous month)

Median price used: $54,999 Down from $55,000 previous month)

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. Jeep Wrangler

Median price new: $54,042 (Up from $52,285 previous month)

Median price used: $30,815 (Down from $33,000 previous month)

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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