Canada Used Car Market, 2026-2033
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Canada used car market highlights
- The Canada used car market generated a revenue of USD 171,381.5 million in 2025 and is expected to reach USD 263,626.9 million by 2033.
- The Canada market is expected to grow at a CAGR of 5.4% from 2026 to 2033.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2025.
- Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Used car market data book summary
| Market revenue in 2025 | USD 171,381.5 million |
| Market revenue in 2033 | USD 263,626.9 million |
| Growth rate | 5.4% (CAGR from 2026 to 2033) |
| Largest segment | Conventional |
| Fastest growing segment | Hybrid |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, Canada accounted for 8.5% of the used car market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. used car market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 263,626.9 million by 2033.
Canada used car market is expected to register 6.0% growth (CAGR) over the forecast period. Owing to the growing economy and per capita income in the Canadian market, consumers are opting for the more sophisticated mobility options.
Pricing leverage associated with the used cars has also become one of the prominent reasons for the significant growth in the market. Growing demand for multi-purpose vehicles in the country, rising gas prices, and wholesale vehicle price index are some of the prominent reasons that are expected to drive the demand for used SUVs in the country.
According to some of the prominent market players in the country, the used car market has shown mixed results after the pandemic. Digitalization in the used car industry has shown good momentum in sales and is expected to drive high volume traffic in the coming years.
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Publish Date: Feb 27, 2025
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Used Car Market
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Alibaba Group Holding Ltd ADR | View profile | 204,891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | www.alibabagroup.com |
| CarMax Inc | View profile | 29,836 | 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 | www.carmax.com |
| Asbury Automotive Group Inc | View profile | 15,000 | 2905 Premiere Parkway North West, Suite 300, Duluth, GA, United States, 30097 | www.asburyauto.com |
| TrueCar Inc | View profile | 324 | 1401 Ocean Avenue, Suite 200, Santa Monica, CA, United States, 90401 | www.truecar.com |
| Scout24 SE | View profile | 1,055 | Invalidenstrasse 65, Berlin, BY, Germany, 10557 | www.scout24.com |
| Lithia Motors Inc Class A | View profile | 27,446 | 150 N. Bartlett Street, Medford, OR, United States, 97501 | www.lithia.com |
| Group 1 Automotive Inc | View profile | 16,011 | 800 Gessner, Suite 500, Houston, TX, United States, 77024 | www.group1auto.com |
| EBay Inc | View profile | 12,300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | www.ebay.com |
| AutoNation Inc | View profile | 25,300 | 200 South West 1st Avenue, Fort Lauderdale, FL, United States, 33301 | www.autonation.com |
| Hendrick Automotive Group | View profile | 10001+ | Charlotte, North Carolina, United States, North America | www.hendrickauto.com/ |
Canada used car market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Used Car Market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 44.8% in 2025.
Horizon Databook has segmented the Canada used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2021 to 2033.
Canada used car market is expected to register 6.0% growth (CAGR) over the forecast period. Owing to the growing economy and per capita income in the Canadian market, consumers are opting for the more sophisticated mobility options.
Pricing leverage associated with the used cars has also become one of the prominent reasons for the significant growth in the market. Growing demand for multi-purpose vehicles in the country, rising gas prices, and wholesale vehicle price index are some of the prominent reasons that are expected to drive the demand for used SUVs in the country.
According to some of the prominent market players in the country, the used car market has shown mixed results after the pandemic. Digitalization in the used car industry has shown good momentum in sales and is expected to drive high volume traffic in the coming years.
- Canada Used Car Market Vehicle Type Outlook (Revenue, USD Million , 2021-2033)
- Hybrid
- Conventional
- Electric
- Canada Used Car Market Vendor Type Outlook (Revenue, USD Million , 2021-2033)
- Organized
- Unorganized
- Canada Used Car Market Fuel Type Outlook (Revenue, USD Million , 2021-2033)
- Diesel
- Petrol
- Others
- Canada Used Car Market Size Outlook (Revenue, USD Million , 2021-2033)
- Compact
- Mid-Sized
- SUV
- Canada Used Car Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Offline
- Online
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Target buyers of used car market databook
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada used car market, including forecasts for subscribers. This country databook contains high-level insights into Canada used car market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Used Car Market, 2021-2033 (US$M)
Canada used car market statistics, by vehicle type, 2021-2033 (Million Units)
