Auto Remarketing Canada Editor
The new year is starting out much the same as 2013, with the Ford F-150 being particularly popular in the Canadian market. After coming in as the most appraised vehicle in Canada for full-year 2013, it nabbed the same title this past January.
According to the February TradeTracker Used Vehicle Market Report, the F-150 not only topped the list as the most appraised vehicle in Canada overall during the first month of the year, but also came in as the top domestic vehicle appraised by domestic dealers.
The Mazda 3 inched up into the No. 2 spot for most appraisals in January, with the Honda Civic Sedan bumping down to No. 3.
Rounding out the top five for most appraised vehicles in January were the Dodge Grand Caravan and the Toyota Corolla.
These reports are provided monthly to Auto Remarketing Canada and are a result of Dealertrack Technologies' Trade Tracker solution, which is an online, trade-in evaluation tool that allows dealerships to create instant, accurate appraisals and gain insight into their used-car business.
The report also breaks down the vehicles by market, as follows:
- The top domestic vehicle appraised by domestic dealers was the F-150.
- The top import vehicle appraised by import dealers was the Honda Civic Sedan.
- The top domestic vehicle appraised by import dealers was the Dodge Grand Caravan.
- The top import vehicle appraised by domestic dealers was the Mazda 3.
The report also narrows down the top vehicles being looked at by trade-in owners.
Within this group, the top domestic vehicle looked at by domestic owners was once again the Ford F-150.
For import owners, the top import vehicle looked at was the Toyota RAV4.
And when it comes to domestics, import owners looked at the Ford Escape the most in January.
Lastly, the top import vehicle looked at by domestic owners was the Hyundai Elantra.
The TradeTracker reports also include a Brand of the Month section, which highlights appraisal trends by an individual brand each month.
The brand highlighted this time around was Volkswagen.
The top three vehicles looked at by trade-in customers at Volkswagen dealerships were the Jetta, Tiguan and Passat.