The Canadian used car market has undergone a significant transformation in Q2 2025. Buyer sentiment and demand are on the rise, even as private vehicle sourcing tightens and prices increase. According to AutoTrader’s Q2 2025 report , used car prices have surged by 3.6% year-over-year due to demand influenced by US tariffs. Shifting Consumer Preferences Consumer preferences are shifting from new to used vehicles. A recent AutoTrader survey revealed that 47% of respondents wou