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ADESA Canada Price Index

The ADESA Canada Used Vehicle Price Index

ADESA Canada is the largest provider of wholesale used vehicle auctions in Canada. The Index is calculated from millions of pieces of sales data from ADESA Canada's live open bidding auctions.

November 2018


The ADESA Canada Used Vehicle Price Index has been updated through November 2018.  The index increased after being adjusted for seasonality. Wholesale prices decreased on average by 0.4% M-o-M.


With November sales down 9.4%, the streak of declining sales continues as we approach the end of 2018. At the end of November the Canadian light vehicle market stands roughly 44,000 units below its 2017 mark. Given this deficit, the market is almost guaranteed to finish down in 2018; the first year that has not seen year-over-year growth since 2009. However, 2018 is close to 50,000 units ahead of 2016 and is on pace to be the second highest market of all time; the glass definitely remains half full.


Total sales for the month dropped to 143,668 units and fell nearly 15,000 units short of last year. Passenger car sales declined 11.4% whilst light trucks noted an 8.7% sales decrease for the month. From a year to date standpoint, light truck sales remained up 1.1% while passenger car sales have fallen 9.6%. The market as a whole stands 2.3% down relative to the previous year.


A significant number of brands recorded double digit sales decreases including Maserati (-57.9%), FCA (-35.1%), smart (-28.6%), Acura (-22.4%), General Motors (-18.3%), Kia (-17.3%), Volvo (-17.2%), Mercedes-Benz (-15.9%), Mazda (-14.8%), Mitsubishi (-11.8%), Ford (-10.7%), and Honda (-10.2%). On the positive side of the ledger, some highlights include:

  • Toyota recorded an 11.5% sales increase, placing it firmly in the third highest volume slot for the month
  • Hyundai recorded a 10.0% sales increase, outperforming the market strongly
  • Several luxury brands such as Porsche (+14.0%), Land Rover (+13.2%), and Audi (+11.8%) recorded strong sales increases while BMW (+4.5%) and Lexus (+1.7%) remained positive.


Price movements by segment were mostly negative in November. Minivans showed the most drastic decrease at -11.4% ($1,044), followed by Midsize SUVs at -10.3% ($1,471), Mid Compact vehicles at -6.0% ($469), Midsize vehicles at -5.0% ($472), Fullsize Pickups at -2.4% ($563), and Compact SUVs at 0% ($1).

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Used Car Vehicle Price Index

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