CARFAX Canada: Used Car Prices Level Off as Inventory Ramps Up in the First Half of 2026

LONDON, Ontario — CARFAX Canada releases its Mid-Year Used Vehicle Market Insights Report to help dealers and the auto industry make more confident decisions about vehicles and refine their buying and selling strategies based on current market trends.

The used vehicle market continues to normalize with inventory ramping up over the last two months, contributing to a more stable pricing landscape and giving consumers more options when shopping for used vehicles.

“Dealers who appreciate the complex variables of today’s used vehicle marketplace and are gathering insights to better understand trends and what they are signaling are better positioned to meet their sales performance goals by acquiring pricing and managing inventory with significant scrutiny,” said Shawn Vording, President of CARFAX Canada. “Acquiring inventory is harder than ever. Acquiring the right inventory is a full-time job.”

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The Mid-Year CARFAX Canada Used Vehicle Market Insights Report reveals that used vehicle sales remain below 2025 levels but have continued to recover from the slower start in 2026. Read the full Mid-Year CARFAX Canada Used Vehicle Market Insights Report here: https://www.carfax.ca/media/carfax-canada-used-vehicle-market-insights-2026-08 Market Snapshot Canada’s used vehicle market continued to stabilize through June 2026, with pricing largely holding steady and inventory becoming more available over the course of the summer selling season.

Affordability concerns, elevated cost of living, and broader economic uncertainty continue to constrain demand, though increasing inventory levels and stabilized vehicle prices are helping support transaction volumes.

After declining throughout 2025, pricing has largely stabilized in 2026. The last five months have remained within a relatively narrow range near $31,000–$31,500, with June reporting an average listing price of $31,487 for used vehicles with a model year of 2000 or newer.

This plateau suggests that increasing inventory is contributing to a more stable market environment, while days supply remains in check enough to limit significant downward pricing pressure.

Used vehicle inventory expanded sharply heading into summer, representing the largest inventory level observed so far in 2026 and marking a significant increase from May.

The SUV segment reached another record share of total inventory, reflecting continued consumer preference toward larger vehicles.

Although inventory growth has improved buyer choice, supply remains influenced by the prolonged effects of vehicle production disruptions and lower lease volumes from previous years.

Used EV prices continued rising in June, reversing much of the decline observed through late 2025 and early 2026.