Canada’s automotive market continues to see average prices falling, according to AutoTrader, Canada’s largest automotive marketplace.

The organization released its price index for the second quarter of 2026, which shows average new and used vehicle prices are down from a year ago, but new vehicle prices did see a slight uptick from the first quarter of this year.

Canadian vehicle prices have generally been falling since their pandemic-era peaks but are still higher than they had been prior to the pandemic.

Average new vehicle prices

New vehicle prices in June 2026 averaged $63,016, according to AutoTrader’s price index.

That’s down 2.2 per cent from June 2025, but it’s up 0.1 per cent from a month earlier.

It’s also up slightly from the previous quarter. In Q1 of 2026, average new vehicle prices came in at $62,830.

Average used vehicle prices

Used vehicle prices in June 2026 averaged $36,690.

That’s down 2.6 per cent from the same month a year ago and down 0.1 per cent from a month earlier.

That’s also down slightly from the previous quarter. In Q1 of 2026, average used vehicle prices came in at $36,713.

Average price by manufacturer origin

Vehicle price fluctuations varied considerably depending on the automaker’s origin.

The Auto Trader Q2 2026 price index includes average prices for vehicles from manufacturers from North America, Asia and Europe. Check them out.

North American brands

• Average new vehicle prices – $70,295
• Month-over-month change – up 0.7 per cent
• Year-over-year change – up 1.6 per cent
• Average used vehicle prices – $38,952
• Month-over-month change – up 0.3 per cent
• Year-over-year change – down 2.1 per cent

Asian brands

• Average new vehicle prices – $45,707
• Month-over-month change – up 0.4 per cent
• Year-over-year change – down 3.1 per cent
• Average used vehicle prices – $27,582
• Month-over-month change – up 0.4 per cent
• Year-over-year change – down 1.5 per cent

European brands

• Average new vehicle prices – $76,739
• Month-over-month change – down 1.2 per cent
• Year-over-year change – down 1.0 per cent
• Average used vehicle prices – $51,421
• Month-over-month change – down 1.3 per cent
• Year-over-year change – down 5.2 per cent

AutoTrader’s full price index report is available online.

Why do we care about AutoTrader’s price index?

AutoTrader is not the only organization that provides insights into average vehicle prices in Canada, and its findings sometimes contradict those of Statistics Canada.

However, AutoTrader is the largest automotive marketplace in Canada, therefore it has access to what’s likely the largest data set in the country.

While that’s no guarantee of perfect accuracy, AutoTrader’s price index is a good barometer of average Canadian vehicle prices.

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