The OPENLANE Canada Used Vehicle Price Index has been updated through August 2025. The index decreased by 1.4 after being adjusted for seasonality.

September had one less selling day than the prior year, and new vehicle sales were off almost 3% year-over-year. While one less selling day could have been a factor of the first year over year sales decline since February, it is also important to point out that automotive retail has not regained the sales successes seen prior to 2020.

Canada continues to face uncertainty from ongoing trade negotiations, and the auto industry sits in limbo as the Canadian auto industry grows accustomed to managing through tariff impacts while waiting for a possible trade deal.

Consumer-facing transaction prices (CFTPs) over the past few months have risen and industry incentive spending over the same amount of time has been modestly increasing. ALG will continue to monitor the forecast and assess how changes to pricing, incentives and fleet evolve because of economic uncertainty.

Price movements by segment were mostly positive in August. Minivan showed the most decrease at -20.9% ($5,280), Compact SUV at -5.8% ($1,360). Positive movements were Midsize at 1.4% ($247), Fullsize Pickup at 1.1% ($370), Mid Compact at 0.4% ($74) and Midsize SUV at 0% ($6).