SUVs and crossovers are making gains in Canada’s used-vehicle market, with smaller models recording some of the strongest sales growth in October, even as pickup trucks continue to dominate the top of the rankings.
New data from CarGurus shows the Ford F-150 and RAM 1500 remained the two best-selling used vehicles on its Canadian platform, although both recorded year-over-year sales declines. Meanwhile, the Nissan Rogue, Toyota RAV4 and Honda CR-V posted sales gains.
“The Ford F-150 and RAM 1500 are still the top sellers, but what stood out to us this month is the growth we’re seeing from SUVs and crossovers, especially smaller, more affordable models like the Kicks and Bronco Sport,” said David Undercoffler, Head of Consumer Insights at CarGurus, in a statement.
The Nissan Kicks recorded the strongest year-over-year sales growth at 53.6 per cent, followed by the Ford Bronco Sport at 24.1 per cent, Volkswagen Taos at 19.7 per cent, Kia Seltos at 18.7 per cent and Nissan Rogue at 17.8 per cent.
Listing prices were lower year over year for eight of the 10 top-selling models. The Ford Escape recorded the largest decline at 10.7 per cent, followed by the Honda CR-V at 7.4 per cent. The F-150 and RAV4 were the exceptions, with prices increasing 3.5 per cent and 3.0 per cent, respectively.
Selling times also highlighted demand for compact SUVs. The Honda HR-V was the fastest-selling model at 31.9 days, followed by the RAV4 at 34.3 days and Mazda3 at 35.3 days.
The Bronco Sport recorded the largest improvement in selling time, declining 12.2 per cent year over year to 51.9 days.
The findings provide another indication of which used models are attracting buyers and moving through inventory more quickly.
