| Product Code: ETC5376274 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Canada used car market witnessed a steady increase in imports from 2020 to 2024. The Compound Annual Growth Rate (CAGR) of 16.24% during this period, along with a notable year-on-year growth rate of 19.09% in 2023-2024, contributed to the overall rise in imported used cars during these years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Used Car Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Used Car Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Used Car Market - Industry Life Cycle |
3.4 Canada Used Car Market - Porter's Five Forces |
3.5 Canada Used Car Market Revenues & Volume Share, By Vehicle Type, 2022 & 2032F |
3.6 Canada Used Car Market Revenues & Volume Share, By Vendor, 2022 & 2032F |
3.7 Canada Used Car Market Revenues & Volume Share, By Fuel Type, 2022 & 2032F |
4 Canada Used Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for affordable transportation options |
4.2.2 Increase in the availability of certified pre-owned vehicles |
4.2.3 Rising preference for used cars due to depreciation concerns |
4.3 Market Restraints |
4.3.1 Economic uncertainty impacting consumer spending |
4.3.2 Stringent regulations related to emissions and safety standards in used vehicles |
5 Canada Used Car Market Trends |
6 Canada Used Car Market Segmentations |
6.1 Canada Used Car Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Used Car Market Revenues & Volume, By Hatchbacks, 2022-2032F |
6.1.3 Canada Used Car Market Revenues & Volume, By Sedan, 2022-2032F |
6.1.4 Canada Used Car Market Revenues & Volume, By Sports Utility Vehicle, 2022-2032F |
6.1.5 Canada Used Car Market Revenues & Volume, By Others, 2022-2032F |
6.2 Canada Used Car Market, By Vendor |
6.2.1 Overview and Analysis |
6.2.2 Canada Used Car Market Revenues & Volume, By Organized, 2022-2032F |
6.2.3 Canada Used Car Market Revenues & Volume, By Unorganized, 2022-2032F |
6.3 Canada Used Car Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Canada Used Car Market Revenues & Volume, By Gasoline, 2022-2032F |
6.3.3 Canada Used Car Market Revenues & Volume, By Diesel, 2022-2032F |
6.3.4 Canada Used Car Market Revenues & Volume, By Alternative Fuel Vehicles, 2022-2032F |
7 Canada Used Car Market Import-Export Trade Statistics |
7.1 Canada Used Car Market Export to Major Countries |
7.2 Canada Used Car Market Imports from Major Countries |
8 Canada Used Car Market Key Performance Indicators |
8.1 Average age of used cars in the market |
8.2 Average selling price of used cars |
8.3 Number of certified pre-owned vehicles in the market |
9 Canada Used Car Market - Opportunity Assessment |
9.1 Canada Used Car Market Opportunity Assessment, By Vehicle Type, 2022 & 2032F |
9.2 Canada Used Car Market Opportunity Assessment, By Vendor, 2022 & 2032F |
9.3 Canada Used Car Market Opportunity Assessment, By Fuel Type, 2022 & 2032F |
10 Canada Used Car Market - Competitive Landscape |
10.1 Canada Used Car Market Revenue Share, By Companies, 2025 |
10.2 Canada Used Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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