Canadian New Vehicle Sales Hold Steady in February
Canadian new vehicle sales totaled just under 122,000 units in February, a slight 0.2% decline from the same month in 2025. Despite economic uncertainty, winter weather, and ongoing trade concerns, the results remained relatively strong. The seasonally adjusted annual rate (SAAR) reached 2.00 million, slightly below January but stronger than levels seen in the second half of 2025.
February also brought major policy changes for electric vehicles. The federal government introduced a new EV incentive program, offering $5,000 for EVs priced under $50,000. At the same time, Canada’s ZEV mandates were repealed and replaced with new greenhouse gas emissions standards, though details on the targets remain limited.
Canadian Used Vehicle Market Softens in February
Canada’s wholesale used vehicle market declined steadily throughout February. Car values fell between about 0.37% and 0.67% each week, while trucks and SUVs dropped between 0.34% and 0.75%, with trucks generally seeing slightly larger declines. Most segments lost value, though a few—such as Premium Sporty Cars, Minivans, and some pickup segments—posted occasional gains.
Nissan Fleet Order Cut-Off Update: MY26 Models
Nissan has shared updated fleet order cut-off dates for several MY26 models. March 1 is now confirmed for the majority of vehicles, with several timelines moving up from previously announced dates. Nissan strongly recommends placing fleet orders as soon as possible.