July numbers for Cox Automotive Canada’s Dealertrack Top 10 Funded Used Vehicles Index show a minor slowdown in overall used vehicle pricing compared to the previous month. A year-over-year comparison shows a 2.4 per cent increase in July 2018. But when compared with prices recorded in June, 2018, July saw a flat 0.5 per cent gain.
As has been the case for the past year, the Ram 1500 full-size pickup was at the top of the index, with an average cash price in July of $32,041.
The remaining top five held their positions last month, including the Honda Civic, Dodge Grand Caravan, Hyundai Elantra and Ford F-150. All saw gains in average cash prices.
The sixth place Toyota Corolla rose two spots compared to June and the Ford Escape compact SUV jumped from eighth to seventh.
The company also offers customized dealer reports to clients, such as the used Mid-Full Size Car Retail Segment Performance Report, which showed an 11.7 per cent gain in overall volume since July, 2017 and a 3.9 per cent annual gain in price, which was second only to the 6.4 per cent gain reported by the Sporty Car segment.. Regionally, Ontario led the Mid-Full Size Car market growth, while Québec saw the smallest gain.
