Used Vehicle Sales Drop 6.9% in August
Business Wire•15/10/2026•09:15 ET
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Key Highlights
- ➤Used transactions fell to 258,202 in August, down 6.9% MoM
- ➤Used transactions declined 6.6% YoY, signaling softer Canadian demand
- ➤Used inventory rose 18.9% MoM to its highest 2026 level
- ➤Average listing price reached $30,776, down 0.3% MoM and 2.7% YoY
- ➤Used EV prices fell 1.8% MoM and 5.4% YoY as inventory peaked
Expert Statements
Shawn Vording, President of CARFAX Canada
“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,”
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.”
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.
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