Cost of a New Vehicle in Canada Hits Record High: Autotrader

Brand new Ford Focus cars are displayed on the sales lot at Serramonte Ford in Colma, Calif., on Oct. 25, 2018. Justin Sullivan/Getty Images

The price tag for a new vehicle in Canada has hit a record high with a 19 percent year-over-year increase, a new report finds. 

The Autotrader.ca Price Index for Sept. 2023 said the average price for a new vehicle is $67,817.