How big is the Canada Used Car Market?

The Canada Used Car Market size is expected to reach USD 16.58 billion in 2024 and grow at a CAGR of 6.80% to reach USD 23.03 billion by 2029. Read More

What is the current Canada Used Car Market size?

In 2024, the Canada Used Car Market size is expected to reach USD 16.58 billion. Read More

Who are the key players in Canada Used Car Market?

AutoCanada, Kijiji, AutoTrader and Carfax are the major companies operating in the Canada Used Car Market. Read More

What years does this Canada Used Car Market cover, and what was the market size in 2023?

In 2023, the Canada Used Car Market size was estimated at USD 15.45 billion. The report covers the Canada Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Canada Used Car Market Size & Share Analysis - Industry Research Report

CANADA USED CAR MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)

Canada Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicles/Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types (LPG, CNG, Etc. )), and Sales Channel (Online and Offline). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Canada Used Car Industry Overview

The market is highly fragmented and competitive, with various used car dealerships and online used car platforms operating across Canada. Some of the major players include AutoCanada, Kijiji, AutoTrader, Carfax, Canada Drives, Clutch, CarDoor, Craiglist, Carpages.ca, and Go Auto, among others. These players compete based on various parameters such as used car prices, online presence, value-added offerings such as warranty and financing options, commissions charged, number of listings on their platform, and ready information on the performance of used vehicles, among others.

Various companies operating in the ecosystem are actively engaging in integrating the online used car space to enhance their brand presence and expand their business capability across Canada. For instance,

In June 2023, CarGurus, a digital auto platform for shopping, buying, and selling new and used vehicles, announced the release of the CarGurus ChatGPT plugin to help shoppers discover their ideal car match more efficiently. The tool uses generative artificial intelligence (AI) to enhance automotive search, providing shoppers with more personalization and ease when exploring CarGurus' platform of listings.

In June 2023, Kijiji Canada announced a partnership with AutoVerify and TD Auto Finance to provide consumers with easy access to trade-in values and to potentially pre-qualify for auto loans. The vehicle-free trade-in estimate assists in evaluating a used vehicle's worth based on various factors, such as the listing and sold prices of similar vehicles in the market.

In April 2023, AutoCanada, an automobile dealership group, announced that it had acquired Premier Chevrolet Cadillac Buick GMC ("Premier"), a used and new vehicle Chevrolet Cadillac GMC Buick dealership and collision center located in Ontario, Canada.