Dealertrack Funded Used Vehicles See Increases in 2017

Autosphere » Dealerships » Dealertrack Funded Used Vehicles See Increases in 2017

As 2017 came to a close, the vast majority of the Top 10 Funded Used Vehicles sold through the Dealertrack Canada network saw annual increases compared to the same period a year before.

With 9 out of the 10 vehicles recording gains in December 2017, the Average Cash Price of the Top 10 Funded Used Vehicles rose by 5.23 percent compared to 12 months earlier.

“2017 was a solid year overall for the used car business and our Dealertrack Canada network, and we expect this trend to continue in 2018,” said Richard Evans, Vice-President and General Manager of Dealertrack Canada.

As a leading provider of web-based software solutions and services for all major segments of the automotive industry, Cox Automotive Canada’s digital solutions brand continues to see substantial gains in its Dealertrack online credit application network.

Dealertrack clients also have access to Customized Dealertrack Dealer Reports that consolidate a vast amount of non-personal demographic information, market trends and preferences from the Dealertrack online credit application network.

Some key insights from 2017’s overall Top 10 Funded Used Vehicles data include:

  • The most popular trade-in year was 2014
  • The average 2017 Top 10 Funded Vehicle was 40.7 months old
  • The average cash price paid was $19,539
  • The average used buyer annual income was $55,318

In Canada, over 4.5 Million credit applications are submitted annually through Dealertrack Network for vehicle financing.

Categories : Dealerships

Popular Posts



30marAll Day01apr2023 OARA Convention & Trade Show

31marAll DayFree Service Technician Webinar from ASE: ASE Winter Registration Deadline March 31


04apr(apr 4)4:00 pm05(apr 5)10:30 pmAccessoires d’auto Leblanc Trade Show 2023

12apr2:00 pm3:15 pmNAFA Webinar : Lessons Learned and Best Practices in Fleet Electric Vehicle Charging Infrastructure Deployment

21aprAll Day23The MEVS back at the Olympic Stadium in Montreal for a Sixth Edition

24apr(apr 24)8:00 am26(apr 26)5:30 pmNAFA Institute and Expo 2023

24aprAll Day28AutoAide : Mastering The Art of Diagnosis Level One

26apr12:00 pm1:00 pmOnline Symposium on Innovation and Automation in Remanufacturing