Car prices skyrocketed during the pandemic due to global supply chain issues impacting manufacturing. More recently, prices have been decreasing as manufacturing supply availability continues to level out.
Canadian platform autotrader.ca saw an 11.8% year-over-year increase in car sales in 2023. Keep reading to learn about the current most popular cars in Canada.
Some 2024 buyer trend highlights include:
Rising popularity in truck purchases
New car inventory is levelling out, indicating a rising demand for used cars
Electric Vehicle sales have decreased due to economic factors influencing buyer choices. EV inventory continues to increase as companies continue to add new (and often more affordable) models
The Ford F-Series trucks take first place in 2023 car sales due to their exceptional horsepower and torque. These large trucks are perfect for hauling equipment and/or towing trailers with optimal power, making them fit for so many different Canadian jobs and lifestyles. Engine options range from 2.5L, 3.5L, 5L and electric.
Rams are known for being sturdy and comfortable when it comes to big trucks. They also have great storage capacities. Engine options include a hybrid 3.6-litre V6, a hybrid 5.7-litre HEMI V8, and a supercharged 6.2-litre V8.
The Rav4 happens to be one of the best-selling cars around the world, because of its efficiency and versatility. Being all-wheel drive, It’s burly enough for country roads yet sleek enough for the city. Rav4s are known for their engine longevity. There are three options to choose from—a 2.5-litre four-cylinder engine, a hybrid system and a plug-in hybrid variant (68 km of EV range).
These reliable trucks offer three different cab sizes, the choice of 4x2 and 4x4 drivetrains, plus a selection of engines ranging from a turbocharged 2.7-litre four-cylinder to a 6.2-litre V8. This year, more models of the Sierra offer power-retractable assist steps for increased ease and accessibility.
This beefy truck also offers three cab sizes. You can choose between 4x2 or 4x4, and multiple engine options ranging from a turbocharged 2.7-litre four-cylinder to a 6.2-litre V8.
Honda CRVs remain popular due to the combination of their smaller size which results in fuel efficiency, and their all-wheel drive feature which provides versatility. Just like the Rav4, they are known to run for a long time. The CRV’s trim levels include LX, Sport, EX-L and touring Touring, and two powertrain options (turbocharged 1.5-litre four-cylinder engine or a hybrid system. Both models are mated to a CVT.
Toyotas are synonymous with longevity and reliability, and the Corolla has always been the perfect smaller car to zip around in, with affordable pricing as well. The Corolla lineup has 16 models including a GR Corolla with a 6-speed manual gearbox. Available in sedan and hatchback body styles, with either a 2.0-litre four-cylinder engine or a hybrid system with available AWD.
Even though SUVs are still steadily increasing in popularity, many drivers continue to opt for the Civic, which is solidly built and has exceptional handling. The Honda Civic has either a regular 2.0-litre, a turbocharged 1.5-litre, or a turbocharged 2.0-litre engine.
While there are some superstar compact SUVs to compete with, the Nissan Rogue stands out with its safety technologies and comfortable interior. The Rogue has a turbocharged 1.5-litre four-cylinder engine. With a CVT and all-wheel drive that comes standard on all Rogue models.
This fourth generation of the Tucson is the largest and most spacious. All Tucsons now come standard with all-wheel drive. Base Preferred models use a naturally aspirated 2.5-litre engine. The rest of the lineup has gone hybrid only, including the sporty Tucson N Line. A plug-in hybrid variant with 53 km of EV range is also available.
The Mazda CX-5 is comparable to the Toyota Rav4 and Honda CR-V. It has more power and performance, but at the expense of cargo space. This car is known for its sporty, elegant appearance and details. The engine is a 2.5L 4x4 with a turbocharged 6-speed option.
The Kona sits somewhere in between a sedan and mid-size crossover. Hyundai offers an all-electric version of the Kona which sets it apart from other “tiny” SUVs. Engine choices are 1.6L, 2.5L and electric.
The Elantra is Hyundai’s version of the Civic or the Corolla, the bonus is that it is more affordable than the Honda and Toyota options. In 2022 it was one of the most popular sedans in Canada. These 4-cylinder engines come in 1.6L (with the option of hybrid) and 2L.
The Escape boasts being the only domestic vehicle on this list. It is similar in power and size with other crossovers on this list but with a more car-like appearance. Choose from 1.5L, 2L, and 2.5L (with an electric option) for this 4-cylinder vehicle.
Canadians enjoy the Wrangler for its superior off-road capabilities and updated technology. The 3.6L engine boasts exceptional power, torque and towing power.
There are a few key considerations for Canadians when buying a new car:
Fuel efficiency/environmental impact - Canada is vast and distances between places are significant. Additionally, gas prices are always fluctuating. Canadians are often environmentally-conscious which means many are opting for hybrid or electric vehicles to reduce their overall carbon footprint.
Winter Weather Performance - Snow, ice and sub-zero temperatures make AWD and 4WD options appealing for those living in Canada. They provide better traction and stability in the snow and ice. Heated seats, steering wheels and mirrors are an added bonus for comfort in cold Canadian winter climates.
Resale Value and Depreciation - Buyers everywhere should consider their car’s longevity stats and resale value. Research is key as well as considering warranty coverage and maintenance costs for individual makes and models.
The best thing to do before buying a vehicle is to research thoroughly. The cars in this list are diverse enough that more than one of them will most likely offer qualities and features that will suit your needs and lifestyle. Factor in your budget to narrow down the choices and if you are still at a loss, you can always book a consultation with an expert.
Are you looking to transport a vehicle or have a new one delivered to you? Top Move can help connect you to the most trusted vehicle shippers in Canada.
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