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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 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 broke through the $40,000 barrier for the first time across Canada in 2019, settling at $40,490. This accounts for a 1.5 per cent increase month-over-month and a 2.3 per cent increase year-over-year. Meanwhile, used vehicle prices remain stable month-over-month at $18,888, and have increased 7.4 per cent year-over-year.

New sedans, trucks, and SUVs are all up month-over-month, which is in large part due to manufacturers releasing their new 2020 models in the fourth quarter as well as a change in the composition of the market. At the beginning of 2019, the sedan to truck to SUV ratio in the marketplace was 34/25/41. As of November 2019, this ratio has adjusted to 30/31/39, an indication that Canadian appetite for sedans is waning compared to the truck category.

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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

$36,2907.3% YOY

$17,9950.6% YOY

Alberta

$47,4271.9% YOY

$22,8867.0% YOY

British Columbia

$41,9751.2% YOY

$19,9951.0% YOY

Manitoba & Saskatchewan

$45,7433.0% YOY

$23,58812.4% YOY

Ontario

$38,6754.0% YOY

$18,93510.1% YOY

Quebec

$34,060-0.2% YOY

$16,2805.7% YOY

Every region tracked across Canada saw increases in average prices for new vehicles, with a notable 7.3 year-over-year increase in prices in the Atlantic region.

Of note is Alberta, where new and used prices have continued to gradually rise despite souring economic outlook 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 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: $54,374

Median price used: $30,909

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: $59,470

Median price used: $19,883

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: $61,352

Median price used: $28,495

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.

4. Honda Civic

Median price new: $30,848

Median price used: $9,999

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.

5. Ford Mustang

Median price new: $41,032

Median price used: $25,900

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.

6. Toyota RAV4

Median price new: $35,784

Median price used: $22,875

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. Porsche 911

Median price new: $166,889

Median price used: $100,988

Read the review

Explore live listings in your area on autoTrader.ca.

8. BMW M

Median price new: $117,100

Median price used: $54,910

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. Mercedes-Benz E-Class

Median price new: $87,238

Median price used: $28,900

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: $36,964

Median price used: $20,994

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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