» Top used vehicles funded through the Dealertrack Canada network saw significant annual price gains to close out 2017

Top used vehicles funded through the Dealertrack Canada network saw significant annual price gains to close out 2017

Mississauga, Ont.—January 9, 2018—As 2017 came to a close, the vast majority of the Top 10 Funded Used Vehicles* sold through the Dealertrack Canada network saw annual increases compared to the same period a year before.

Dealertrack Canada

Mississauga, Ont.—January 9, 2018—As 2017 came to a close, the vast majority of the Top 10 Funded Used Vehicles* sold through the Dealertrack Canada network saw annual increases compared to the same period a year before.

With 9 out of the 10 vehicles recording gains in December 2017, the Average Cash Price of the Top 10 Funded Used Vehicles rose by 5.23% compared to 12 months earlier.

Dealertrack Canada

“2017 was a solid year overall for the used car business and our Dealertrack Canada network, and we expect this trend to continue in 2018,” said Richard Evans, Vice-President and General Manager of Dealertrack Canada.

As the leading provider of web-based software solutions and services for all major segments of the automotive industry, and Canada’s largest and most accurate source of automotive retail sales data, Cox Automotive Canada’s digital solutions brand continues to see substantial gains in its Dealertrack online credit application network.

Dealertrack equals data

Dealertrack clients also 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. For example, some key insights from 2017’s overall Top 10 Funded Used Vehicles data include:

  • the most popular trade-in year was 2014
  • the average 2017 Top 10 Funded Vehicle was 40.7 months old
  • the average cash price paid was $19,539
  • used buyers average annual income was $55,318

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

More News from Cox Automotive Canada

Back to All News
Back to All News