At YST Auto Sales, we do more than just buy and sell cars—we provide insights into the ever-changing used car market in Ontario. Whether you’re looking to sell your car in Mississauga, upgrade to a new model in Toronto, or find a certified pre-owned SUV in the GTA, our goal is to make the process transparent, stress-free, and profitable for you.
With used car prices, financing rates, and inventory shifting in 2025, it’s more important than ever to understand the current trends before making a decision. This guide will walk you through average Ontario used car prices, financing rates, resale value factors, and the most popular used cars in Canada—all tailored to help you get the best deal.
Why Used Car Inventory Is Shrinking in Ontario
Across the GTA and Ontario, dealerships (including YST Auto Sales) are seeing a shortage of high-quality used cars. Here’s why:
- Fewer new cars were produced during the pandemic and microchip shortage
- Between 2020–2022, fewer people leased vehicles
- Many lease customers extended or bought out their leases instead of returning them
- Fewer lease returns = fewer low-mileage used cars available on the market
This makes certified pre-owned vehicles in Ontario even more desirable for buyers looking for reliability and peace of mind.
Average Used Car Prices in Ontario (2024 Data)
| Vehicle Type | Avg. Price (CAD) | Year-over-Year Change |
|---|---|---|
| Overall | $37,449 | ↓ 5.7% |
| Cars | $35,830 | ↓ 2.2% |
| SUVs | $36,490 | ↓ 6.2% |
| Trucks | $47,574 | ↓ 3.5% |
| Minivans | $32,730 | ↓ 4.5% |
Source: AutoTrader Canada Price Index
If you’re planning to buy or sell a car in Mississauga or the GTA, it’s important to understand how your vehicle’s value compares to the market average.
Used Car Financing in Ontario
Financing rates vary by credit score. Here’s what you can expect in Ontario today:
| Credit Tier | Approx. APR |
|---|---|
| Excellent (740+) | 6.49% – 7.99% |
| Good (670–739) | 7.99% – 9.49% |
| Fair (580–669) | 9.99% – 11.99% |
| Limited/No Credit | 12.99%+ |
YST Auto Sales Special Offer:
We provide low-rate financing options and free used car appraisals in Mississauga. Plus, we offer free car pick-up across Ontario when you sell your car with us.
Accident History and Trade-In Value (CARFAX Matters)
When you trade in your vehicle, a CARFAX Canada report plays a huge role in determining value. Even if repairs are done properly, an accident record usually means:
- Lower resale value (sometimes by thousands)
- Reduced buyer demand
- Less resale potential for dealerships
At YST Auto Sales, we walk you through your CARFAX report so you understand exactly how it affects your car’s value—no surprises, no pressure.
Top 10 Most Popular Used Cars in Canada (2025)
Based on buyer demand and resale value, these models remain the most sought-after:
- Ford F-150
- Toyota RAV4
- Honda CR-V
- Honda Civic
- Toyota Corolla
- Mazda3
- Hyundai Elantra
- Chevrolet Silverado 1500
- Nissan Rogue
- GMC Sierra 1500
At YST Auto Sales, we regularly stock these high-demand models, from fuel-efficient sedans to family-friendly SUVs and powerful pickup trucks.
Why Choose YST Auto Sales in Mississauga?
If you’re planning to sell your used car in Ontario, we make the process fast, transparent, and profitable:
- Free car appraisal and consultation
- Free vehicle pick-up across Ontario
- Instant payment (full cheque on the spot)
- Guaranteed $800 more than the market for your trade-in
Looking to sell your car in Mississauga, Toronto, or anywhere in the GTA?
Contact YST Auto Sales today for your free valuation and experience Ontario’s most reliable way to buy and sell used cars.
carsource: erniedean