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.
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, rising slightly to $40,055. This is largely driven by growth in sedans, which rose 6 per cent year-over-year to $28,328. Meanwhile, truck prices have remained stable at $55,203 and SUV prices have decreased slightly, falling 2.1 per cent year-over-year to $37,500. Regionally, B.C. and Quebec stand out as having experienced consistent growth since the fall.
In the used vehicle market, the current median price is $18,990 with relatively little change in the latter half of 2019. Since July 2019, the median price of used sedans and trucks have been stable. Manitoba and Saskatchewan continued to see the highest average used vehicle prices in Canada, a trend that’s been consistent since the beginning of 2018. Average used vehicle prices in Alberta were flat in December after significant price declines in early 2019, a signal that economic challenges from the energy sector may have begun to stabilize.
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.
Manitoba & Saskatchewan
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.