Used-car prices averaged $33,752 across Canada in August 2026, a drop of 0.5% from a year ago and the first annual decline since March 2025. That’s according to Clutch, which found that prices declined most in Alberta, but rose highest in Quebec. The survey looks at used vehicles from model-year 2016 and newer, and with fewer than 200,000 km.
Regional price shifts
Alberta’s average used-car price fell the most at $193, followed by British Columbia at $54; Manitoba at $34; Ontario at $22; and Saskatchewan at $21. The lowest average used-car price was $28,702 in Newfoundland and Labrador; while the highest was $37,430 in British Columbia (the survey doesn’t include territories). On the plus side, prices rose by $14 in the Atlantic provinces, and by $117 in Quebec, which the report said is due to a “richer mix of vehicles sold.”
Longer market times
Vehicles also took longer to find new owners. In August and September of 2025, more than one-third of vehicles sold within two weeks of being listed; but in August 2026, fewer than three-in-ten sold that quickly. This was similar across every price category under $70,000 and every body style. In August 2026, 16.8% of sales were model year 2024, the largest shift of any vehicle age as it rose from 13.8% a year ago. But they took longer to sell, and a two-year-old SUV that averaged $41,092 in August 2025 sold for an average $38,044 in August 2026.
The electric advantage
What powers the vehicle also made a difference, and used electric vehicles (EVs) were the only segment that sold faster than they did a year ago. The average selling price was $42,069, and fewer than half of them were under $35,000. Comparing the same model and age, EV prices went up 1.2% in August 2026 from the same month in 2024, while gasoline vehicle prices went down 2.4% and hybrids by 1.4%. Tesla made up 22.5% of used EV sales, down from 32.2% in August 2025.
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Among gasoline vehicles, SUVs made up 65% of used sales in August 2026 – a new high, the report said – while cars fell to their lowest share at 20.7%, and trucks stayed stable at 14.3%. Comparing to an average car, an average SUV nets its seller about $8,350 more.
The average SUV price year-over-year in August 2026 fell the most in Manitoba by 5.7%, followed by Alberta at 5%; and fell in every other area but the Atlantic provinces, where they rose by 0.6%. The top-ten best-selling used models overall by sales volume in August 2026 across Canada, in order, were the Nissan Rogue, Honda CR-V, Ford F-150, Toyota RAV4, Honda Civic, Ford Escape, Chevrolet Silverado 1500, Ram 1500, GMC Sierra 1500, and Hyundai Tucson.
Among used cars priced under $15,000 in August 2026, the top five were the Hyundai Elantra, Honda Civic, Kia Forte, Chevrolet Cruze, and Nissan Sentra. For SUVs under $20,000, the top performers were the Ford Escape, Nissan Rogue, Hyundai Tucson, Nissan Kicks, and Honda CR-V. Trucks under $30,000 were the Ford F-150, Ram 1500, Ram 1500 Classic, Chevrolet Silverado 1500, and GMC Sierra 1500.
