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In the third quarter of 2025, Canada’s used-car market remained surprisingly strong, with average transaction prices continuing to climb. According to AutoTrader’s Q3 Price Index:

The national average for used vehicles reached CA$36,911, up 3.2% year over year.

Used car resellers data similarly showed average used-car prices around CA$34,188 in September, reflecting broad upward pressure.

AutoTrader reported shrinking used-vehicle inventory across key segments.

In terms of popularity, five of the most-sought used models in Q3 2025 were:

1.Ford F-150

2. Honda Civic

3. Honda CR-V

4. Toyota Corolla

5. Toyota RAV4,

according to market analysis. The F-150, a perennial favorite, reclaimed its spot as Canada’s top-selling used model.

As for how people paid:

Canadians still financed their used-car purchases, especially for higher-priced models, since interest rates remain competitive.

However, a notable share—particularly among younger or more cost-conscious buyers—opted to pay cash when possible, preferring to avoid loan terms.