December’s national average selling price landed at $33,536, down $182 (-0.54% MoM) from November, but still up $979 (+3.0% YoY) versus December 2024. This second straight monthly decline to end the year provided a nice relief to consumers, even though the market is still pricier than last December. The “why” is pretty straightforward: like-for-like prices softened across gas and hybrids, and cars, SUVs, and trucks all dipped month over month. EVs were the only category that edged up on average, but mostly because the EV basket skewed more premium, not because every EV got more expensive. Electrified vehicles kept growing their footprint overall, with EVs at 3.97% share and hybrids at 5.92% (about 9.89% combined). Regionally, most provinces finished the year lower month over month, with BC and Quebec as the main exceptions, while Alberta saw the sharpest pullback.
Most provinces ended the year with a month-over-month dip in average selling price. BC (+1.38% MoM) and Quebec (+0.72%) were the two clean exceptions.
The biggest story was Alberta, which fell -4.14% MoM (the sharpest drop among the large provinces), and was also the only province down YoY at -2.75%.
On the other side, the YoY gains were much stronger in the East. Ontario is up +4.72% YoY, Quebec +6.32%, and the Atlantic provinces are higher still in most cases (NL +8.31%, NB +6.52%, PEI +4.80%, NS +2.16%). Meanwhile, the western provinces are mostly flat-to-mildly up YoY (BC +1.13%, Saskatchewan +2.17%, Manitoba +0.33%), with Alberta pulling the regional average down.
- British Columbia: $37,146 (+1.38% MoM, +1.13% YoY) — highest average price in the country, and one of the few that rose to close the year.
- Alberta: $36,162 (-4.14% MoM, -2.75% YoY) — the notable drop, and the only YoY decliner.
- Saskatchewan: $36,244 (-3.37% MoM, +2.17% YoY) — down meaningfully month-to-month, still modestly up on the year.
- Manitoba: $33,658 (-2.19% MoM, +0.33% YoY) — softer MoM, basically flat YoY.
- Ontario: $33,612 (-0.66% MoM, +4.72% YoY) — small MoM dip, but a strong YoY climb versus the western provinces.
- Quebec: $29,500 (+0.72% MoM, +6.32% YoY) — one of the only MoM risers, and still one of the bigger YoY gainers.
And in the Atlantic, December was a mixed bag month-to-month (all down), but still strong YoY. Prices are still low relative to the rest of the country, but they’ve moved up a lot versus last year.
December kept the same direction as November: prices fell for a second straight month after rising for most of 2025.
The drivers of the softening market were broad. Prices dropped across cars, SUVs, and trucks, which was caused by the big-nameplates transacting for a bit less, not just that the mix shifted between segments. Both hybrids and gasoline vehicles moved down in price, which matters because gasoline still dominates the market and sets the tone for the national average.
EVs were the lone exception, ticking up slightly to a more premium EV mix, not from prices increasing.
December was a split personality month. EVs rose, hybrids fell, gasoline fell. And most of the movement still comes down to inventory mix versus like-for-like pricing.
At the mix level, the country’s still lopsided: BC runs the highest electrified share (EV 7.85%, hybrid 8.92%), while Quebec leads EV share in the East (6.62%) and Ontario stays more hybrid-heavy than EV-heavy (hybrid 6.14%, EV 2.92%). Nationally, December landed at EV 3.97%, hybrid 5.92%, and gasoline 90.11%.
Prices by province mostly tracked that mix. Ontario’s EV basket stayed the priciest ($46,824, up +4.00% MoM), Quebec’s EV average ticked up ($36,410, +1.55% MoM), and BC was basically flat on EV pricing (-0.18% MoM) despite the strong EV share. For gasoline, most provinces drifted down (Alberta and Saskatchewan led the declines), while BC and Quebec nudged up.
EVs
EV average selling price moved up MoM to $41,669 (+$589, +1.41%) and is up slightly YoY (+$507, +0.55%). But both timeframes tell the same story: premium mix is lifting the average while big-nameplates are getting cheaper like-for-like.
MoM decomposition (adds to +$589):
- Mix (up): +$1,206
More premium metal showed up. LYRIQ volume 45 → 81, Model Y 285 → 308. - Within-model pricing (down): -$630
Like-for-like softened. Taycan $105,908 → $96,767, Model 3 $31,074 → $30,475. - Model turnover: +$13 (noise)
YoY decomposition (adds to +$507):
- Mix (up): +$2,382
Premium share expanded. F-150 Lightning 45 → 126, Mach-E 113 → 228. - Within-model pricing (down): -$4,688
Broad depreciation. LYRIQ $64,575 → $47,838, Model Y $46,335 → $42,024. - New entrants / turnover (up): +$2,813
New, pricey models helped hold the average up (Macan Electric, Q6 e-tron, Sierra EV, ID. Buzz, OPTIQ, Charger Daytona).
So MoM and YoY, the EV average is being pulled upward by what’s selling, not what any single model is commanding.
Hybrids
Hybrids fell MoM to $42,658 (-$402, -0.99%) and were basically flat YoY (-$83, -0.29%). The mix leaned richer, but like-for-like declines kept winning.
MoM decomposition (adds to -$402):
- Mix (up): +$336
Slightly more premium share. Sienna 212 → 273, NX 350h 80 → 94. - Within-model pricing (down): -$799
Mainstays softened. RAV4 Hybrid $39,922 → $39,311, Corolla Hybrid $30,909 → $29,618. - Turnover: +$61 (small)
YoY decomposition (adds to -$83):
- Mix (up): +$457
More weight on higher-priced anchors. CR-V Hybrid 131 → 276, Sienna 167 → 273. - Within-model pricing (down): -$1,896
Sienna $56,628 → $53,817, RX 350h $66,997 → $59,612. - New entrants / turnover (up): +$1,356
New models partially filled the gap (Civic Hybrid, RX 450h+).
Net, hybrids are flat only because opposing forces are cancelling each other out.
Gasoline
Gasoline vehicles fell MoM to $31,569 (-$374, -1.25%), but stayed up YoY (+$857, +2.81%). Month-to-month, prices softened, which pulled down the average. Year-to-year, composition still did most of the lifting.
MoM decomposition (adds to -$374):
- Mix (up): +$192
Slight tilt toward higher-priced, high-volume models. RAV4 1,745 → 1,817, Silverado 1,227 → 1,255. - Within-model pricing (down): -$545
Broad softening, especially pickups. Ram 1500 $44,596 → $42,089, F-150 $44,145 → $42,948. - Turnover: -$22 (small)
YoY decomposition (adds to +$857):
- Mix (up): +$622
More Silverado and more RAV4 versus last December. - Within-model pricing (up): +$126
Small like-for-like lift, mostly trucks. Sierra 1500 $41,133 → $44,924, Ram 1500 $39,994 → $42,089. - Turnover (up): +$109 (small)
So gasoline is still the steady anchor. And it’s still basically a truck story, just with a softer month-to-month tone going into winter.
December pulled the averages down month over month across the board. SUVs: $32,747 (-$245, -0.80% MoM). Cars: $23,891 (-$197, -1.0% MoM). Trucks: $47,073 (-$689, -1.6% MoM). But zoom out to year over year, and the picture flips back to “higher than last year” territory: SUVs +1.4%, cars +3.9%, trucks +3.9%.
And the provincial breakdown helps explain the national price trend. BC and Ontario look steadier on SUVs MoM (BC +0.7%, ON -0.2%), while Alberta’s SUV average took a bigger step down (-5.1% MoM). Trucks were the messiest month-to-month: Ontario and BC actually nudged up a bit (+0.6%, +0.5%), while Atlantic Canada dropped significantly (-7.6% MoM). (Also, truck counts are smaller than SUVs, so the monthly swings are subject to more volatility.)
SUVs
SUV pricing softened in December, even though the mix trended toward pricier models.
MoM: $32,992 → $32,747 (-$245, -0.74%)
- Mix (up): +$203
Slight shift toward higher-priced SUVs.- Toyota RAV4: volume 1,748 → 1,823 (share gain around the ~$30.8k level)
- Hyundai Palisade: volume 282 → 343 (premium 3-row gaining share)
- Within-model pricing (down): -$452
The mainstream softened.- Nissan Rogue: $24,149 → $23,701
- Hyundai Tucson: $23,609 → $23,077
- Turnover: +$3 (noise)
YoY: $32,285 → $32,747 (+$462, +1.43%)
- Mix (up): +$339
More weight in higher-priced SUVs (Outlander and Taos gained share YoY). - Within-model pricing (down): -$131
Some models are simply cheaper like-for-like (Bronco Sport, Grand Cherokee L). - New/missing models (up): +$254
A small lift from higher-priced “new-to-this-December” SUVs (Macan Electric, Q6 e-tron).
Provincially, that shows up as “steady-to-soft” almost everywhere. Atlantic SUVs are still cheap relative to the rest ($27,753) but ran hot YoY (+4.09%). Alberta’s SUV average fell sharply MoM (-5.05%), which mattered because Alberta is still very SUV-heavy in share.
Cars
Cars moved down MoM, up YoY. Same underlying mechanics as SUVs. Inventory mix leaned bigger and better, while like-for-like vehicles depreciated.
MoM: $24,089 → $23,891 (-$197, -0.82%)
- Mix (up): +$260
Higher-priced cars took a bigger slice.- Chrysler 300: volume 148 → 194
- Toyota Camry: volume 416 → 439
- Within-model pricing (down): -$423
Bread-and-butter compacts softened.- Honda Civic: $22,059 → $21,463
- Toyota Corolla: $21,801 → $21,210
- Turnover (down): -$34 (small)
YoY: $23,531 → $23,891 (+$360, +1.53%)
- Mix (up): +$781
More Camry and more Accord relative to last December.- Camry: 302 → 439
- Accord: 122 → 187
- Within-model pricing (down): -$509
Like-for-like depreciation is real.- Civic: $22,321 → $21,463
- Tesla Model 3: $33,980 → $31,211
- Turnover (up): +$88 (small)
Provincially, Quebec’s car average is up a lot YoY (+9.85%) thanks to EVs taking up more share and commanding a higher price. Meanwhile, Saskatchewan’s car average fell hard MoM (-10.08%), but since cars are a tiny slice there, we’ll treat that as more of an anomaly rather than a new normal.
Trucks
Trucks were the biggest drag on the national MoM move. And trucks are also the clearest YoY “this is still expensive” story.
MoM: $47,763 → $47,073 (-$689, -1.44%)
- Mix (up): +$227
A bit more weight in pricier heavy-duty models.- Ram 2500: volume 365 → 395
- Ford F-350: volume 311 → 319
- Within-model pricing (down): -$824
Half-tons softened like-for-like.- Ram 1500: $43,756 → $41,646
- Ford F-150: $44,340 → $43,289
- Turnover (down): -$93 (small)
YoY: $45,335 → $47,073 (+$1,739, +3.84%)
- Mix (up): +$385
More weight in higher-priced core trucks (Silverado 1500, Sierra 1500 gained share). - Within-model pricing (up): +$1,331
Like-for-like is higher, and it’s not close.- Sierra 1500: about +$4.4k YoY
- Silverado 1500: about +$2.6k YoY
- Turnover: +$23 (basically nothing)
And the provincial split is exactly what you’d expect. Alberta and Saskatchewan are truck-heavy (truck share around 24% and 26%), and they still sit at high truck averages. Atlantic Canada is the outlier month-to-month with that -7.58% MoM drop, which is big enough to notice, but also the kind of move that can come from a handful of fewer late-model transactions in a smaller market.
Overall, SUVs and cars are mix-up / prices-down stories, while trucks are mix-up / prices-down MoM but still genuinely firmer YoY.
As prices came down, affordability improved. And not just a rounding-error kind of month. A proper jump, back to where we were sitting around January 2025 for all three body styles.
Nationally:
- Cars under $15k: 25.04% (+1.32 pp MoM)
- SUVs under $20k: 20.94% (+0.58 pp MoM)
- Trucks under $30k: 18.69% (+1.57 pp MoM)
And yes, all three are still down YoY. But December 2024 was basically peak affordability in this dataset, and the inflection point where prices started rising again.
Cars under $15k
Cars are still the easiest entry point. December improved meaningfully, especially out West.
- Alberta: +5.07 pp MoM to 23.36% — the biggest jump this month. More older, cheaper cars back in the mix.
- Ontario: +1.95 pp MoM to 24.51% — steady improvement, right in the national range.
- Atlantic: +1.88 pp MoM to 31.17% — still one of the most affordable regions for cars, even after cooling earlier in the fall.
- Manitoba: -2.26 pp MoM to 16.50% — the one real step back this month.
Quebec stays the high-water mark on cheap cars (31.80%), even though it’s also where the YoY drop looks harshest. Again, that’s mostly from peak December 2024 affordability showing through.
SUVs under $20k
SUV affordability improved nationally too. Not as explosively as cars or trucks, but it moved in the right direction.
- Alberta: +2.56 pp MoM to 19.55% — the standout gain.
- Ontario: +0.52 pp MoM to 20.03% — modest improvement, sitting near the national level.
- BC: +0.45 pp MoM to 15.10% — still the tightest SUV affordability in the country.
- Quebec: -0.23 pp MoM to 26.52% — basically flat, and still one of the strongest markets for value SUVs.
Atlantic Canada remains the leader at 28.20%. Even with the YoY drop, it’s still where affordable SUVs are most common.
Trucks under $30k
Trucks under $30k are usually the band that remains stubbornly inaccessible. December bucked this trend and saw the largest affordability increases of the three body styles.
- Atlantic: +5.61 pp MoM to 23.83% — biggest improvement in the country.
- Saskatchewan: +4.93 pp MoM to 16.85% — a big jump off a low base.
- Alberta: +2.43 pp MoM to 16.89% — improvement, though the band is still tight in truck-heavy markets.
- Ontario: -0.10 pp MoM to 19.94% — basically flat, tiny dip.
BC is still the toughest place for affordable trucks (14.41%), and Quebec/Ontario still look relatively better by share. But the main point for December is simpler: the affordable-truck share rose sharply at the national level, which is not something we get to say every month.
The year ended with the Ford F-150 at poll position with 2.90% share of national used sales. The Honda Civic finished #2, jumping ahead of the Honda CR-V. After that, the top 10 was basically the same cast as November. Mostly small rank swaps. No new entrants.
The middle of the top 10 still shows the market’s default setting right now: trucks and compact SUVs. The Toyota RAV4 moved up a spot into #4 (at 2.22% share), while the Nissan Rogue slipped to #5 (1.98%). And pickups kept their grip on the back half of the list, with the Ram 1500 (#6), Chevrolet Silverado 1500 (#8), and GMC Sierra 1500 (#9) all holding firm as core volume anchors.
Outside the top 10 is where the real movement was.
A few models saw significant sales increases in December, mostly in segments that have been gaining attention all year:
- Toyota RAV4 Hybrid: +11 spots
- Toyota Sienna: +11 spots
- Hyundai Palisade: +23 spots
- Tesla Model Y: +12 spots
- Chrysler Pacifica: +15 spots
More electrified share (RAV4 Hybrid, Model Y). More family movers (Sienna, Pacifica). And a big three-row SUV jump (Palisade).
On the flip side, several crossovers and a couple of mainstream staples dropped back:
- Hyundai Santa Fe: -9 spots
- Hyundai Santa Fe Sport: -10 spots
- Hyundai Venue: -8 spots
- Honda HR-V: -11 spots
- Lexus RX 350: -10 spots
Overall, the top sellers were mostly unchanged, while the more notable movement happened further down the rankings as buyers leaned a bit more premium and a bit more family-oriented, with some of the smaller crossovers giving up ground.
December’s affordable leaderboards were unusually calm. Hyundai Elantra stayed glued to #1 in cars under $15k at 10.22% share, and every other model in the top five held position too: Civic (6.72%), Cruze (4.95%), Mazda3 (4.90%), Forte (4.24%). Nothing notable this month.
And the affordable SUV table did the same thing. No reshuffle in the top five, led again by Ford Escape (7.03%), then Nissan Rogue (5.84%), Hyundai Tucson (5.52%), Nissan Kicks (4.28%), and Chevrolet Equinox (3.38%). The value crossover crowd stayed basically unchanged heading into winter.
Meanwhile, the affordable truck category actually moved. Ford F-150 remained the clear #1 in trucks under $30k (22.88% share), with Ram 1500 right behind (20.88%), but the Ram 1500 Classic made the jump into #3 at 12.04% share, leapfrogging both Chevrolet Silverado 1500 (11.86%) and GMC Sierra 1500 (10.66%). The only real movement in an otherwise stable month.
Want a clearer picture of what you can afford? Try our Car Loan Calculator.
Final Thoughts and What to Expect Next
December finished 2025 with a bit of relief: two straight months of price declines, driven mostly by softer pricing in gas and hybrids across multiple segments. EV averages ticked up, but that was largely mix getting more premium, not broad EV inflation.
Used EV supply should keep building in 2026. Late-2024 new EV sales hit an all-time high ahead of the federal rebate pullback, and those cars will start making their way to dealer lots (and websites) in greater numbers over the coming months. Adding in 2023 Teslas and other EVs coming back via lease returns, used EV inventory should see all-time highs this year.
Conversely, 4-year leases are more common amongst traditional manufacturers, and 2022 was a low-sales, low-lease year during the chip shortage. Put it all together, and 2026 likely brings more EVs and fewer gasoline lease returns than you’d normally expect. That mix should keep downward pressure on like-for-like EV pricing, while tightening supply elsewhere.
Practical takeaway: 2023 model years look like the value pocket. Especially EVs. Often cheaper than 2024, and less supply-constrained than 2022.
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About This Data
This report is based on Clutch’s internal data, collected from retail vehicle sales reported across Canada. The analysis includes vehicles that meet the following criteria:
- Model year 2015 or newer
- Less than 200,000 km at the time of sale
- Sold vehicles only
References to “cars” include both sedans and hatchbacks, while SUVs and trucks are categorized separately. This segmentation helps reflect real-world buyer preferences across different body styles.
While the dataset covers a large national sample, pricing in smaller provinces or regions with lower sales volume may be influenced by individual outliers. This can lead to greater month-over-month fluctuations in certain areas compared to larger markets like Ontario, Quebec, and British Columbia.
The figures presented reflect average asking prices at the time of sale and are designed to provide an accurate snapshot of current market trends.
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