CARFAX Canada report shows used vehicle prices plateau as inventory rises 21.6% in April

S&P Global

S&P Global

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  • S&P Global highlighted CARFAX Canada data showing Canadian used-vehicle prices plateaued in 2026, down 3.8% year-over-year in April.
  • April used-vehicle transactions totaled 254,881, up 1.2% month-over-month, down 7.2% year-over-year as affordability pressures weighed on demand.
  • Used inventory rose 21.6% month-over-month in April, though it stayed essentially flat year-over-year due to longer-term supply constraints.
  • Damage remained a major pricing factor; 30.9% of April listings reported damage, priced $7,464 below undamaged vehicles on average.
  • Used EV prices rebounded to $40,893 in April, up 4.7% month-over-month, with volatility tied to rising fuel costs and tight supply.


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