Used Vehicle Sales Drop 6.9% in August
CARFAX Canada's Fall market-insights report shows Canadian used-vehicle transactions fell to 258,202 in August, down 6.9% month-over-month and 6.6% year-over-year on affordability and economic uncertainty. Used inventory jumped 18.9% MoM to a 2026 high, suggesting supply is beginning to outpace demand and raising the likelihood of a price correction this fall, though the average listing price of $30,776 was nearly flat (-0.3% MoM, -2.7% YoY).
Key figures
- Inventory change mom
- 18.9%
- Avg used listing price
- $30,776
- Transactions change mom
- -6.9%
- Transactions change yoy
- -6.6%
- Listing price change mom
- -0.3%
- Listing price change yoy
- -2.7%
- Used ev price change mom
- -1.8%
- Used ev price change yoy
- -5.4%
- Tesla share of ev listings
- 64%
- Used transactions aug 2026
- 258202
AI analysis
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