Used vehicle prices increase in November

The Average Cash Price of the Top Funded Used Vehicles sold through Dealertrack Canada’s network experienced an annual increase of 4.84 per cent in November, according to the company’s data.

Nine out of the 10 vehicles on the list benefited from a year-over-year gain, with the Nissan Rogue CUV experiencing the largest increase — rising 12.1 per cent to reach an Average Cash Price of $22,071. The Ford Escape CUV saw the largest decreased — down 5.5 per cent to $17,736.

The Ram 1500 maintained its number one position on the list as the volume of full-size trucks sold in November jumped significantly by 36.9 per cent, compared to the same period in 2016. However, the vehicle’s 2017 Average Cash Price for the month remained relatively flat at $32,831.

The company also offered some interesting insights on the demographic profile of Canadian used car buyers. Based on the Dealertrack report, the 2014 Ford F-150 is the most popular vehicle among 81 per cent of men, followed by the Ram 1500 and the Dodge Grand Caravan.

Nearly 50 per cent of women prefer the 2016 Nissan Rogue, with the Ford Escape and Hyundai Elantra in second and third place, respectively. And the most popular vehicle among 61 per cent of married couples was the 2016 Dodge Grand Caravan, followed by the Dodge Journey and the Nissan Rogue.

Find more year-to-year and month-to-month numbers in the chart below.

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