CARFAX Canada Used Vehicle Market Insights

LONDON, Ontario--(BUSINESS WIRE)--Apr 20, 2026--

CARFAX Canada releases its Q1 Used Vehicle Market Insights arming the auto industry with the knowledge to decode market trends, sharpen buying and selling strategies, and navigate an increasingly complex vehicle marketplace with confidence.

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Based on the world’s largest database of vehicle records, CARFAX Canada Used Vehicle Market Insights provide a unique view of used vehicle inventory volume, national average listing prices, and top searched models and values.

"What sets our Used Vehicle Market Insights apart is the sheer scale of data behind it — billions of North American vehicle records," said Shawn Vording, President of CARFAX Canada. "That foundation allows us to deliver a level of market intelligence that is unmatched in the industry, providing automotive professionals with the clarity and confidence they need to make better-informed decisions."

Key Takeaways

CARFAX Canada Insights
With the spring selling season underway, the Canadian used vehicle market continues to show signs of normalization.

Listing Price:
Average listing prices have increased steadily since the end of 2025 but now appear to be levelling off. March registered a modest 0.5% month-over-month increase from February, and prices are down 2.3% year-over-year, reflecting a more stable market as supply constraints lessen.

Inventory:
Overall inventory is starting to build for spring, with March supply jumping up 31.6% compared to February and increasing 3.1% year-over year. SUVs are driving the growth, claiming a majority inventory share of 55.3%, up from 51.1% just a year ago. More consumers are prioritizing the additional capacity and perceived safety that these vehicles have to offer. Meanwhile, passenger cars are falling further out of favour, representing just 27.0% of used listings in March, down from 30.6% at the same time last year. Passenger car average pricing is also down 4.3% year-over-year.

EV Market:
The EV market remains volatile. Used EV prices are down 6.5% year-over-year, as the market continues to shift. The Federal government’s new Electric Vehicle Affordability Program is now in full swing and the prospect of additional new vehicle supply from Chinese manufacturers coming this year will continue to make this market segment highly unpredictable. While Canada has officially reopened its doors to Chinese EV manufacturers at a reduced 6.1% tariff rate, true low-cost models from OEMs, like BYD and Geely, are unlikely to arrive in meaningful quantities until 2027.

Regional Breakdown:
At a regional level, the western provinces continue to exhibit the highest average prices nationwide driven in part by higher demand for trucks and SUVs, and higher costs of living. The Atlantic provinces and Quebec remain the most affordable markets overall.

A Look Ahead:
The used vehicle market performance in the coming months will hinge on consumer confidence. Buyers are likely to be cautious with the Bank of Canada holding its key interest rate in March, elevated oil prices, and ongoing global economic uncertainty.

Source: CARFAX Canada Used Vehicle Market Report, April 2026

About CARFAX Canada
CARFAX Canada, a part of S&P Global (NYSE: SPGI), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.

Connect with CARFAX Canada on Instagram, Facebook and LinkedIn.

Used Vehicle Inventory: Used vehicle supply has picked up significantly in March with 235,577 listings recorded — the highest level seen since August 2025.

Fuel Type Pricing: EVs prices are showing a downward trend, declining by 6.5% year-over-year and showing the most instability across fuel types. In March, the price gap between EVs and gas-powered vehicles narrowed to its lowest level since the beginning of 2025.

Most-Searched Vehicles on CARFAX Canada: Used vehicle models with the highest volume of CARFAX Canada Vehicle History Reports ordered. All top searched models show relatively consistent pricing year-over, apart from the sedans — Honda Civic, Hyundai Elantra, and the Toyota Corolla. Sedan values have faded alongside decreased supply, indicating weaker consumer demand. Domestic full-size pickups (Ford F150, GMC Sierra 1500, and Ram 150) continue to command a premium with pricing remaining elevated even as their supply normalizes.

National Average Listing Price: Used vehicles with the model year 2000 and onwards, priced between $3,000 and $150,000.

SHREVEPORT, La. (AP) — A stunned Louisiana community struggled to come to grips Monday with the massacre of eight children carried out by a father who was separating from his wife and used an assault-style weapon despite a 2019 felony firearms conviction.

The violence that unfolded early Sunday across two houses in Shreveport, Louisiana, was one of the nation’s deadliest mass shootings in recent years.

The shooter, identified as Shamar Elkins, shot seven of his children and another child, police said. His wife also was shot and wounded.

His wife's sister, who called police minutes after the shooting started, escaped with a child by jumping from the roof, police and family members said Monday.

“She said she was running for her life,” said Lionel Pugh, an uncle to the two women shot. “The only ones he didn’t kill was the ones who got away.”

Elkins died after fleeing and a police pursuit that ended with officers firing on him. It was not clear whether he was killed by officers or from a self-inflicted gunshot, Shreveport Police Chief Wayne Smith said.

Officials said the children who died — three boys and five girls — ranged in age from 3 to 11 years old.

“I just don’t know what to say, my heart is just taken aback,” Shreveport Police Chief Wayne Smith said. “I cannot begin to imagine how such an event could occur.”

Elkins and his wife, identified by family members as Shaneiqua Elkins, were separating and had been due in court Monday, said Crystal Brown, a cousin of a woman shot in the attack. She said the couple had been arguing about the separation before the shooting.

“He murdered his children,” Brown said.

Family members described Shaneiqua Elkins as a doting mother, who celebrated her children’s success in school and carefully dressed them before family events.

“She raised those kids right,” Pugh said. “They were the center of her universe.”

While the shooter did not appear to have an extensive criminal history, court records showed Elkins was placed on probation in 2019 after pleading guilty to illegal use of weapons. In that case, Elkins fired five rounds at a vehicle and told police that someone inside it had pulled a gun on him, according to a police report.

Based on Louisiana law, a person convicted of certain violent felonies — including illegal use of weapons — are banned from having a gun for at least 10 years after completing their sentence and probation.

Investigators were not aware of other domestic violence issues involving Elkins, said police spokesperson Chris Bordelon.

Elkins had served in the Louisiana National Guard from 2013 to 2020 as a signal support system specialist and a fire support specialist, said guard spokesperson Lt. Col. Noel Collins. Elkins held the rank of private and had no deployments, Collins said.

Authorities said the shooting erupted before dawn at two homes.

Elkins shot a woman in a neighborhood south of downtown and a few blocks away at a home where the children were found, police said. Elkins' nephew was among the slain children, according to the Caddo Parish coroner’s office.

Liza Demming, who lives two houses down from where most of the victims were shot, said her security camera captured video of the suspect running away along with the sound of two shots.

“That’s pretty much all I saw, was him running out of the house and the cars leaving,” she said.

Mourners lit candles for the victims Sunday night in a nearby parking lot.

“It just makes you take your children and hug them and hold them and tell them how much you love them because you just don’t know,” said Kimberlin Jackson, who attended the vigil and is an advocate at the Head Start program where one of the victims was a student. She said the last time she saw him was Friday.

Francine Monro Brown, a cousin of Shaneiqua Elkins, said she would often see the children playing in the yard on Sunday mornings when she drove past the house on her way to church.

“Happy children, joyful children. Shaneiqua is a great mother, She provided a great home for the kids,” Brown said as she stood near a growing memorial of stuffed teddy bears, flowers and pink and blue balloons.

Betty Pugh, another cousin of Shaneiqua Elkins, said she was always with her children. “That was the way we were taught: to love our kids, to take care of our kids. And that’s what she did,” Pugh said.

The mayor of Shreveport, a city of about 180,000 residents in northwestern Louisiana, called it a tragic situation. “Maybe the worst tragic situation we’ve ever had,” said Tom Arceneaux.

The shooting in Shreveport was the deadliest in the U.S. since January 2024, when eight people were killed in a Chicago suburb, according to a database maintained by The Associated Press and USA Today in partnership with Northeastern University.

Contributing were Associated Press reporters Jack Brook in New Orleans; John Seewer in Toledo, Ohio; Jake Offenhartz in New York; Jeff Martin in Atlanta; Steve Karnowski in Minneapolis; Terry Tang in Phoenix, and Christopher Weber in Los Angeles.

A person passes the home where a mass shooting occurred the day before in Shreveport, La., Monday, April 20, 2026. (AP Photo/Gerald Herbert)

Councilman Reverend James Green consoles people outside the scene of a mass shooting, Sunday, April 19, 2026, in Shreveport, La. (AP Photo/Gerald Herbert)

Council woman Tabatha Taylor, right, hugs an unknown person outside the scene of a mass shooting in Shreveport, La., Sunday, April 19, 2026. (AP Photo/Gerald Herbert)

Police work outside the scene of a mass shooting, Sunday, April 19, 2026, in Shreveport, La. (AP Photo/Gerald Herbert)

People light candles during a prayer vigil for the victims of a mass shooting earlier in the day, Sunday, April 19, 2026, in Shreveport, La. (AP Photo/Gerald Herbert)

A man holds a candle during a prayer vigil for the victims of a mass shooting earlier in the day, Sunday, April 19, 2026, in Shreveport, La. (AP Photo/Gerald Herbert)