Used Vehicle Sales Drop 6.9% in August

Used-vehicle supply remained below 2025 and pre-pandemic levels despite August’s month-over-month inventory increase.

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10/15/2026 - 09:15 AM EDT

CARFAX Canada Used Vehicle Market Insights – Fall Overview

LONDON, Ontario--(BUSINESS WIRE)-- Canada used-car sales fell in August, signalling softer demand as affordability challenges and economic uncertainty weigh on Canadian consumers, new CARFAX Canada data show.

CARFAX Canada Used Vehicle Market Insights - August 2026 Snapshot

The Fall version of the CARFAX Canada Used Vehicle Market Insights Report tracks the latest market trends to help dealers and the auto industry make informed decisions when buying and selling used vehicles. In August, used transactions declined to 258,202, down 6.9% MoM (month-over-month) and 6.6% YoY (year-over-year).

Used vehicle inventory increased 18.9% MoM, reaching its highest level in 2026 so far. Although supply remains below 2025 and pre-pandemic levels, that lift in vehicle availability is giving consumers more choices. The combination of more inventory and falling sales suggests supply is starting to outpace demand, increasing the likelihood of a price correction this fall.

“Sourcing the right inventory remains one of the biggest challenges facing dealers today. In a market where consumer demand continues to evolve, every inventory decision carries greater weight,” said Shawn Vording, President of CARFAX Canada. “While no one can predict exactly what the market will do next, dealers can make smarter, more confident decisions by leveraging trusted data and market insights. Success increasingly depends on aligning inventory strategies with that real-time data. It helps dealers reduce risk, improve inventory performance and better serve their customers.”

In the Fall CARFAX Canada Used Vehicle Market Insights Report, the national average used vehicle listing price reached $30,776 in August, down 0.3% MoM and 2.7% YoY. Despite a significant increase in available inventory, pricing remained largely unchanged. The growing supply has not yet translated into meaningful downward pressure on vehicle values.

Used EV prices decreased 1.8% MoM and 5.4% YoY as inventory reached a new 2026 high. Inventory remained relatively consistent, with Tesla accounting for nearly two-thirds (64%) of EV listings. Affordable options, such as the Nissan Leaf, remain in limited supply, creating a significant barrier for consumers who want to enter the used EV market.

Market Snapshot

Canadian used car market pricing remained surprisingly stable in August, even as inventory levels rose and consumer demand softened.

Read the full Fall CARFAX Canada Used Vehicle Market Insights Report here: https://www.carfax.ca/media/carfax-canada-used-vehicle-market-insights-2026-10

About CARFAX Canada

CARFAX Canada, a part of Mobility Global (NYSE: MBGL), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.

Mobility Global is the world's standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Mobility Global supports the world's major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.

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