Clutch Releases September Used Car Pricing Report

Clutch, Canada’s leading online used car retailer, released its September Used Car Pricing Report, which found that the average used car price in Canada increased to $34,188 (+0.59% MoM, +7.26% YoY), yet EVs remain in a paradox as external factors from the EV mandate to the potential lift of Chinese tariffs cause uncertainty. 

Just this weekend, Chinese officials put a proposal on the table: remove tariffs on Chinese EVs in exchange for them to remove existing tariffs on Canadian agricultural products. This potentially has huge ramifications on Canada’s auto sector and EV pricing if agreed upon, as Teslas continue to depreciate faster than other EVs in the Canadian market. 

Please find the report here. 

September marked another step higher for Canadian used-vehicle prices, both month over month and year over year. The national average climbed modestly from August and now sits at $34,188, 7.26% above where it stood a year ago. However, pricing didn’t increase across the board: Ontario and Quebec carried the East higher, while Alberta and British Columbia pulled the West lower.

Shifts in sales composition also shaped the picture. Trucks gained ground nationally, growing in share to 15.0% of sales in September, while cars ceded share and SUVs held steady. That tilt toward pickups also meant gasoline vehicles expanded their share, while EVs and hybrids edged back from last month’s all-time high.

On pricing, all fuel types were higher in September—gasoline, hybrid, and electric alike—though the reasons varied. In some cases, like gasoline, both mix and within-model prices pushed in the same direction. In others, such as EVs, the gains were all about mix rather than stronger per-unit pricing.