{"id":971292,"date":"2026-06-11T11:45:06","date_gmt":"2026-06-11T15:45:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-canada-used-vehicle-prices-continue-to-stabilize-while-inventory-ramps-up\/"},"modified":"2026-06-11T11:45:06","modified_gmt":"2026-06-11T15:45:06","slug":"carfax-canada-used-vehicle-prices-continue-to-stabilize-while-inventory-ramps-up","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carfax-canada-used-vehicle-prices-continue-to-stabilize-while-inventory-ramps-up\/","title":{"rendered":"CARFAX Canada: Used Vehicle Prices Continue to Stabilize while Inventory Ramps Up"},"content":{"rendered":"

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CARFAX Canada: Used Vehicle Prices Continue to Stabilize while Inventory Ramps Up<\/b><\/p>\n

Used Vehicle Market Insights \u2013 June Overview<\/i><\/p>\n

LONDON, Ontario–(BUSINESS WIRE<\/a>)–
\nAs Canadians head into the summer months, the used vehicle market is facing increasing pressure, as economic conditions become more challenging nationwide.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260611336140\/en\/<\/a><\/p>\n

\"CARFAX<\/p>\n

CARFAX Canada Used Vehicle Market Insights – June 2026 Banner<\/p>\n<\/div>\n

\nThe June CARFAX Canada Used Vehicle Market Insights<\/i> Report reveals that while prices remain elevated compared to pre-pandemic levels, they have generally plateaued so far this year and have come down significantly from 2025.<\/p>\n

\nIn April, 30.9% of used vehicles listed for sale had reported damage, with an average listing price $7,464 lower than undamaged vehicles \u2014 a significant gap. This spread reflects the variability in how damage impacts value, influenced by both damage severity and vehicle type. While CARFAX Canada offers VIN-specific valuations that capture this variability at the individual vehicle level, the figures in this report are based on broad market estimates.<\/p>\n

\nUsed vehicle inventory is climbing fast, but not enough to outstrip levels seen last year. Supply remains constrained due to reduced new vehicle production earlier in the decade and the associated follow-on effect of lower leasing volumes in the same period.<\/p>\n

\nAlthough most buyers are seeing value in the market, this has yet to translate into sustained transaction growth. Used and new sales are off to a slow start this year, with demand continuing to be constrained by macroeconomic conditions and affordability pressures. While transactions have shown a modest rebound in recent months, overall volumes remain below year-ago levels.<\/p>\n

Electric Vehicles<\/b><\/p>\n

\nThe EV market continues to show volatility, but consumer interest is building. Amongst Canadians planning to purchase a used vehicle in the next 12 months, 22% are considering a Battery Electric Vehicle (BEV). This demand is being driven by expanding infrastructure and higher gas prices, which reached an average of 178.8 cents per litre in April \u2014 the highest level for regular unleaded gas seen since July of 2022. But supply remains tight, with BEVs representing just 4% of all used listings and inventory heavily skewed towards higher-priced models.<\/p>\n

\nWith gas prices not anticipated to level off anytime soon and new, likely more affordable Chinese EVs arriving on Canadian soil this year \u2014 albeit in limited quantities \u2014 electric demand is expected to gain momentum. Some Chinese models from manufacturers like BYD, are expected to retail at a lower price point than the average price for a used EV today, helping to improve accessibility. CARFAX Canada research shows that while fuel savings are the number one driver for prospective EV buyers, high price tags remain the biggest barrier. For more EV insights, check out our full report<\/a>: \u201cWhat\u2019s next for EVs, and how dealers can get ahead.\u201d<\/i><\/p>\n

Market Snapshot<\/b><\/p>\n

Key Takeaways<\/b><\/p>\n