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.
Auction activity remained mixed, with sale rates ranging from the mid-40% to around 60% as sellers held firm on pricing. At the retail level, the average used vehicle listing price edged down from about $37,100 to $36,850, while dealer inventory remained stable at roughly 197,000 to 199,000 units.
GM Launches Order Bonus for 2026 Express and Savana Fleet Vans
General Motors has introduced a new order bonus program for certain CAP customers and National Fleet Incentive orders on 2026 model-year Chevrolet Express and GMC Savana vans. The program is available now and will run through the planned order cutoff date of May 29, 2026.
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.