AutoHebdo, Canada’s largest automotive marketplace, has released its latest quarterly Price Index report. The Q2 report highlights a changing automotive landscape, with used vehicle prices defying seasonal trends by rising year-over-year, while new vehicle prices continue to decline annually.

As of June 2025, used vehicle prices in Quebec surged 6.4% year-over-year, reaching an average of $35,746, compared to a 3.6% increase nationally ($37,664). Meanwhile, new vehicle prices dropped by 4.7%, settling at $63,284, versus a national decrease of 3.5% ($64,445). With prices for both new and used vehicles expected to rise in the second half of 2025, purchasing sooner may be a smart strategy in this rapidly evolving market.

Since March, consumer behavior has shifted dramatically due to what AutoHebdo calls a “purchase rush effect,” where buyers hurried to acquire vehicles in anticipation of U.S. tariffs, tightening inventory, and rising prices. New vehicle inventory remained stable early in the year, helping to keep prices in check, but has now fallen 12% year-over-year nationwide. As a result, used vehicle prices have already increased for four consecutive months and now exceed 2024 levels — signaling further price hikes in the second half of 2025.

Used cars are already feeling the squeeze. With a 16.8% drop in inventory nationally and a surge in demand, prices have been rising for four straight months. If the availability of new vehicles continues to decline, even more Canadians will turn to the used vehicle market — pushing prices higher still.

Interestingly, electric vehicles (EVs) remain an exception. Prices for both new and used EVs are falling, as demand slows following reductions in federal incentives and growing uncertainty around public policy. Zero-emission vehicle (ZEV) sales dropped nearly 45% in March and over 28% in April, and AutoHebdo data suggests that consumer confidence in EV adoption is beginning to wane.