Used Vehicle Sales Drop 6.9% in August

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Postmedia has not reviewed the content. by Business Wire Used Vehicle Sales Drop 6.9% in AugustAuthor of the article:CARFAX Canada Used Vehicle Market Insights - August 2026 Snapshot Business WireCARFAX Canada Used Vehicle Market Insights – Fall OverviewTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLONDON, Ontario — 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.The Fall version of the CARFAX Canada Used Vehicle Market Insights Report tracks the latest market trends to help dealers and the auto industry make informed decisions when buying and selling used vehicles. In August, used transactions declined to 258,202, down 6.9% MoM (month-over-month) and 6.6% YoY (year-over-year).This advertisement has not loaded yet, but your article continues below.Used vehicle inventory increased 18.9% MoM, reaching its highest level in 2026 so far. Although supply remains below 2025 and pre-pandemic levels, that lift in vehicle availability is giving consumers more choices. The combination of more inventory and falling sales suggests supply is starting to outpace demand, increasing the likelihood of a price correction this fall.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“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,” said 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.”In the Fall CARFAX Canada Used Vehicle Market Insights Report, the national average used vehicle listing price reached $30,776 in August, down 0.3% MoM and 2.7% YoY. Despite a significant increase in available inventory, pricing remained largely unchanged. The growing supply has not yet translated into meaningful downward pressure on vehicle values.Used EV prices decreased 1.8% MoM and 5.4% YoY as inventory reached a new 2026 high. Inventory remained relatively consistent, with Tesla accounting for nearly two-thirds (64%) of EV listings. Affordable options, such as the Nissan Leaf, remain in limited supply, creating a significant barrier for consumers who want to enter the used EV market.Canadian used car market pricing remained surprisingly stable in August, even as inventory levels rose and consumer demand softened.Read the full Fall CARFAX Canada Used Vehicle Market Insights Report here: https://www.carfax.ca/media/carfax-canada-used-vehicle-market-insights-2026-10 About CARFAX Canada CARFAX Canada, a part of Mobility Global (NYSE: MBGL), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.This advertisement has not loaded yet, but your article continues below.Mobility Global is the world’s standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Mobility Global supports the world’s major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.Connect with CARFAX Canada on Instagram, Facebook and LinkedIn.View source version on businesswire.com: Manager, Public Relations and Social MediaThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.