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CarGurus Canada Vehicle Availability Index & Insights – September 2022

Posted by Kevin Roberts on October 13, 2022

In a positive shift, September saw new inventory levels rise with index readings increasing 18.7% compared to last year. Used inventory was effectively flat month-over-month, but is similarly up 21.1% year-over-year. Unfortunately, the improving inventory levels didn’t help bring down prices significantly. New vehicle prices increased 1% and used vehicle prices declined just 0.6% compared to last month while they remain up 27.8% and 29.9% year-over-year, respectively. Interestingly, days-on-market is effectively flat year-over-year with new levels up 3.9% and used up 1.2%.

To learn more about vehicle inventory trends, download the September 2022 edition of the CarGurus Canada Vehicle Availability Index & Insights Report  

Topics: used cars, vehicle availability