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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.

May 2018

The ADESA Canada Used Vehicle Price Index has been updated through May 2018.  The index increased after being adjusted for seasonality. Wholesale prices decreased on average by 0.20% M-o-M.


The Index of Consumer Confidence rose again in May. Despite a national level raise, gains were led by Ontario and British Columbia, as every other region saw a decline. Canadians became slightly less positive about current finances—likely a result of weaker employment gains following the employment surge in the last quarter of 2017. However, Canadians became more optimistic about the future.
The fervor that accented the first two months of new vehicle sales in 2018 has melted along with the snow as May 2018 brought about the third month of consecutive year-over-year decreases. A total of 215,407 new light vehicles were sold in Canada in May, down 0.7% relative to the May 2017 total of 216,861 units sold. Thanks to an abnormally strong January, Canada’s year to date total of 836,522 new vehicles sold is still holding at a hair above the previous year (835,582 units). That being said, the 940 unit gap currently in place will easily give way should the pattern of market declines continue into the summer months.


The newly introduced Genesis brand continues to see strong growth (up 125.8%), albeit at low volumes, with the recent introduction of their G70 sedan starting to pick up speed. Other manufacturers that enjoyed double-digit growth in May included Volvo (up 41.0%), Land Rover (up 28.7%), Mitsubishi (up 20.1%), smart (up 11.8%), Volkswagen (up 11.4%), and Mercedes-Benz (up 10.5%). Brands that reported double-digit decreases last month included Maserati (down 31.4%), Infiniti (down 15.6 percent), and FCA (down 15.0%).


From a volume perspective, while Ford (33,341 units) edged out GM (32,831 units) in the month of May, GM is currently tracking above Ford on a year-to-date basis. At this point in time last year, Ford was up just over 4,000 units YTD; now, GM has created an almost 3,000-unit surplus over Ford and is the top volume seller with 127,299 units sold in 2018.


Price movements by segment were mostly negative in May. Minivans showed the most drastic decrease at -11.9% ($1,336), followed by Compact SUVs at -7.2% ($974), Midsize SUVs at -6.2% ($1,037), and Fullsize Pickups at -1.8% ($431). Midsize vehicles showed the highest increase at 3.9% ($459), followed by Mid Compact vehicles at 3.1% ($281).

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Used Car Vehicle Price Index

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