TradeTracker: Dodge Caravan Joins Pack of Most Appraised Vehicles
This summer has proved a popular season for the Ford F-150, as it notched the No. 1 spot for most appraised vehicle in Canada once again in July.
The truck is also tops for year-to-date appraisal trends, as well.
The Dodge Grand Caravan, a newcomer to the top three, came in as the second most appraised vehicle last month, according to the July TradeTracker Used Vehicle Market Report.
The Mazda 3 took the No. 3 spot, followed by the Honda Civic Sedan and the Toyota Corolla, respectively.
The Caravan and Mazda 3 bucked trends seen earlier this year as the F-150, Civic and Corolla have held the top three spots for most of 2014.
For year-to-date trends, the Corolla and Civic round out the top three, 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 Focus.
- The top import vehicle appraised by domestic dealers was the Mazda3.
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 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 Ford Escape the most in July.
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 July was Ford.
The top three vehicles looked at by trade-in customers at Ford dealerships were not surprisingly the F-150, Escape and Focus, respectively.
The top three off-make vehicles appraised by Ford dealers were the Mazda 3, Grand Caravan and Chevrolet Silverado.