Used Car Market Trends in 2026

https://www.aukcio.ca/blog/used-car-market-trends-in-2026
Jordan Pomerleau, co-founder of aukcio
Jordan Pomerleau
16/12/2025

The used car market in Quebec in 2026 is undergoing a major shift. After years of supply issues, pandemic disruptions, and rising costs, the sector is slowly stabilizing.
Yet prices remain high, demand is steady, and the shortage of recent vehicles continues to shape the market.

This article helps you understand the key trends in the used car industry, the factors driving prices, and the forecast for 2026 in Quebec.

Quebec’s Used Car Market: A Changing Landscape

2023–2025 Review: Prices Are Stabilizing but Still High

Between 2020 and 2023, used car prices skyrocketed—up to 30% higher than before the pandemic.
Shortages of semiconductors, production delays, and strong consumer demand all pushed prices upward.

By 2025, prices started to level off, but they remain 15–20% above pre-pandemic levels. Recent models (2020–2023) are the most sought-after, offering reliability and modern features at a reasonable cost.

Demand Remains Strong Despite the Recovery of New Vehicle Sales

Even as new car production improves, demand for used vehicles in Quebec remains high.
Buyers are turning to used models to reduce monthly payments, especially since interest rates are hovering around 7%.

Compact and hybrid cars like the Toyota Corolla, Honda Civic, and Hyundai Kona remain top sellers. Consumers are prioritizing fuel efficiency and reliability over luxury or power.

Online Platforms Like Aukcio Reshape the Market

Digital platforms such as Aukcio have revolutionized how Quebecers buy and sell used vehicles.
They offer transparent pricing, wider exposure, and direct sales without intermediaries.
In 2026, over 70% of used car transactions in Quebec start online.

Why Used Car Prices Remain High

Shortage of Recent Vehicles

The biggest challenge is the lack of recent models.
Production slowdowns during the pandemic reduced the number of cars entering the market.
Dealership inventories are still 25% lower than in 2019, keeping prices inflated.

High Interest Rates

Auto loan rates remain high in 2026—typically 6–8% depending on credit history.
Higher borrowing costs reduce purchasing power and encourage owners to keep their cars longer, limiting supply.

Rising Maintenance and Parts Costs

Maintenance and repair costs have increased by 12% between 2023 and 2025.
Imported parts, especially from Asia and Europe, are more expensive due to ongoing supply chain challenges and customs tariffs.

The Impact of Tariffs and Supply Chain Issues

Import Tariffs on U.S. and Asian Vehicles

Tariffs on imported vehicles continue to affect Quebec’s used car market.
American vehicles, once popular for their variety and affordability, now cost 5–10% more than two years ago due to added import duties.

Impact on Hybrid and Electric Models

Hybrid and electric used cars now make up nearly 20% of Quebec’s used car market, but prices remain high.
Limited availability and tariffs on imported batteries drive costs up, making them less accessible for some buyers.

Challenges for Imported Used Vehicles

Importing a used vehicle from abroad is still possible, but more complex and expensive.
Transport fees, certification costs, and compliance requirements all add up, reducing the appeal of direct imports from the U.S. or Europe.

Top Used Car Brands and Models in 2026

Most Popular Brands in Quebec

The five most in-demand brands in 2026 are:

  1. Toyota
  2. Honda
  3. Hyundai
  4. Mazda
  5. Ford

These brands maintain their position thanks to reliability, strong resale value, and easy access to parts.

Growth of Hybrids and Compact Vehicles

Hybrid models like the Toyota Prius, Hyundai Ioniq, and Kia Niro are increasingly popular.
They strike the right balance between fuel economy and dependability, appealing to eco-conscious buyers.

Decline of Large SUVs and Trucks

In contrast, gas-powered SUVs and pickups are losing ground.
Rising fuel and maintenance costs, plus environmental taxes, make them less appealing.
Compact SUVs and hybrid crossovers are taking over.

A Persistent Shortage of Used Vehicles

Fewer Lease Returns

A major portion of used car supply in Quebec comes from lease returns.
Because fewer new cars were delivered between 2020 and 2022, the number of vehicles coming off lease in 2024–2025 is much lower—creating a structural shortage.

An Aging Vehicle Fleet

The average vehicle age in Quebec now exceeds 9.8 years.
Drivers are keeping their cars longer, which slows market turnover and deepens the shortage.

Outlook for 2026–2027

Experts predict that the used car market will remain tight until 2027, before gradually normalizing.
Falling interest rates and renewed new-car production could help rebalance prices within the next 12–18 months.

What Buyers and Sellers Should Know

How to Evaluate a Used Car in 2026

Transparency is key. Before buying:

  • Check average market value on platforms like Aukcio or AutoTrader.
  • Review the vehicle history (accidents, recalls, maintenance).
  • Compare price vs mileage and year — a one-year difference can mean thousands of dollars.

Compare Online Listings

Buyers should explore multiple sources — dealerships, private listings, and online auctions like Aukcio.
These platforms provide reliable valuation tools and make it easier to find the right deal.

Benefits of Selling Through Aukcio

For sellers, platforms like Aukcio offer:

  • Quick vehicle valuation based on current market trends.
  • Access to a wide network of buyers and dealers.
  • Secure, simplified transactions that often yield better returns than trade-ins.

By 2026, selling your car online is now the preferred method in Quebec.

FAQ — Used Car Market 2026

1. Why are used car prices still high?
Limited supply, high interest rates, and import costs are keeping prices up.

2. What are the most popular brands in Quebec?
Toyota, Honda, Hyundai, Mazda, and Ford lead the market in 2026.

3. Are electric used cars worth it?
Yes, but prices are high. Savings on fuel balance the higher purchase cost for many drivers.

4. Where can I find the best used car deals in Quebec?
Aukcio and other specialized online platforms let you compare offers and history in one place.

5. Is now a good time to sell my car?
Yes — sellers can get above-average prices, especially for well-maintained, low-mileage vehicles.

Conclusion

The used car market in Quebec in 2026 remains defined by tight supply, high prices, and a digital-first approach.
While prices may not drop immediately, the market is slowly rebalancing.
For both buyers and sellers, staying informed and using trusted platforms like Aukcio is the best way to navigate this evolving landscape.

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