Compared to July 2018, Canadian median used-vehicle prices have risen by 6.8%.
Asian-manufactured used vehicles, at 10.3%, showed the largest year-over-year price increase.
And the Ford F-150 was the most commonly searched vehicle on autoTRADER.ca from late June to late July.
Those are just some of the findings from the July autoTRADER.ca Price Index.
The index, according to autoTRADER.ca, features a monthly view of the Canadian automotive market. The report analyzes vehicle pricing data associated with more than 400,000 new- and used-vehicle listings and shows the latest pricing shifts and trends.
One of those pricing shifts is that the median price across used sedans, SUVs and trucks all increased, by 4.9%, 6.7% and 3.5% respectively.
The index also breaks down price trends by region, with Ontario showing the largest year-over-year used-vehicle price increase, at 10.3%.
One of the report’s main findings in the new-vehicle area is a 5.8% increase in the median price of North American new vehicles. According to the report, the increased price and inventory of North American vehicles is the most likely reason for that, along with the region’s truck inventory growth.
The report also breaks out national median retail price by body type for new and used vehicles. For used cars, the median retail price is $14,998. That is a 4.9% year-over-year increase. The national median retail price for used SUVs is $22,395, which is a 6.7% year-over-year increase. And for used trucks, the national median retail price is $29,995, which is a 3.5% year-over-year increase.
National top-searched vehicles, and median price:
1. Ford F-150:
2. Ford Mustang:
3. BMW 3 Series:
4. Mercedes-Benz C-Class:
5. Honda Civic:
6. Porsche 911
7. BMW M
8. Jeep Wrangler
9. Mercedes-Benz E-Class
10. Chevrolet Corvette: