Ford F-150, Toyota Corolla Vie For Most Appraised Vehicle
In the March TradeTracker Used Vehicle Market Report, the Ford F-150 once again topped the list as the most appraised vehicle in Canada.
The truck has come out on top every month this year so far, and of course, holds the title of the most appraised vehicle year-to-date. The pickup truck was also the most appraised vehicle in Canada for 2013.
Next up was the Toyota Corolla, which ousted the F-150 from its spot a few months last year, and remains the second-most-appraised vehicle in Canada year-to-date.
The popular Honda Civic came in at No. 3, followed by the Mazda 3 and Honda CR-V, respectively.
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 Corolla.
- The top domestic vehicle appraised by import dealers was the Ford Escape.
- 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 Corolla.
And when it comes to domestics, import owners looked at the Escape the most in March.
Lastly, the top import vehicle looked at by domestic owners was the Corolla.
The TradeTracker reports also include a Brand of the Month section, which highlights appraisal trends by an individual brand each month.
The brand highlighted in March was Toyota.
Not surprisingly, the top three vehicles looked at by trade-in customers at Toyota dealerships started with the Corolla, followed by the Rav 4 and Highlander.