» Prices for used vehicles in Dealertrack Canada network rise in November

Prices for used vehicles in Dealertrack Canada network rise in November

With 9 out of the 10 vehicles seeing gains, the Average Cash Price of the Top 10 Funded Used Vehicles* sold through the Dealertrack Canada network resulted in an annual increase of 4.84% last month.

Dealertrack Canada

With 9 out of the 10 vehicles seeing gains, the Average Cash Price of the Top 10 Funded Used Vehicles* sold through the Dealertrack Canada network resulted in an annual increase of 4.84% last month.

With an Average Cash Price of $22,071, the 9th-place Nissan Rogue CUV realized the largest annual gain, up 12.1%. The 5th-place Ford Escape CUV experienced the largest year-to-year drop, down 5.5% to $17,736.

Dealertrack Canada

From an overall volume standpoint, the Ram 1500 continued as the Dealertrack Canada network’s Top Funded Used Vehicle in Canada. Compared to November 2016, the ever-popular used full-sized truck’s volume jumped significantly by 36.9%. The Ram’s November 2017 Average Cash Price of $32,831 remained flat.

As Canada’s largest and most accurate source of automotive retail sales data, Dealertrack clients have access to Customized Dealertrack Dealer Reports that consolidate a vast amount of non-personal demographic information, market trends and preferences from the Dealertrack online credit application network.

Dealertrack Canada

For instance, deep data from the Dealertrack network shows that of the Top Funded Used Vehicles in November, the Ford F150 saw the highest percentage of male buyers, followed closely by the Ram 1500.

Conversely, the Nissan Rogue saw the highest percentage of female buyers, followed by the Ford Escape and Hyundai Elantra. And finally, amongst married people, the 2016 Dodge Grand Caravan minivan scored the highest percentage, followed by the Dodge Journey and Nissan Rogue.

In Canada, over 4.5 Million credit applications are submitted annually through Dealertrack Network for vehicle financing. Our reports are designed to leverage this information and provide insights to help Canadian automotive dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers identify opportunities to improve business results.

Want to see the full top funded used vehicle report or learn about other reports available from Dealertrack Canada? Call us at (866) 830-3863 or email us at dealersupport@dealertrack.com.

Source: Dealertrack Canada

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