DesRosiers - CUVR 2017 - Canadian Used Vehicle Report - 1
canadianblackbook.com
January 2018
Dear Colleagues,
Welcome to the 2017 Edition of the Canadian Used Vehicle Report, published through a
cooperation between Canadian Black Book and DesRosiers Auto Consultants. Another fine
annual issue sets the scene on Canada's used vehicle market in the pages that follow,
capped off with our list of the 2017 Canadian Black Book Best Retained Value Award
winners.
This year has been another strong one for the industry with record sales volumes for
both new and used vehicles. U.S. buyers at Canadian auctions still remain a significant
factor, and continue to provide positive price pressure for both truck and SUV prices, as
these vehicles continue to be popular for export to the U.S. That being said, we are starting
to see prices weaken at the end of the year, a trend I am sure we will all be watching very
carefully.
The Canadian dollar made some significant strides during the first half of the year which
briefly slowed some of the U.S. demand for Canadian used vehicles. The recent slide in
our dollar value has once again made Canadian used vehicles attractive for U.S. buyers.
Off lease supply grew significantly in both Canada and the U.S. in 2017 and the next
few years will see a much larger population of off lease vehicles. This added supply will
continue to grow and impact the marketplace as these leases wrap up.
At Canadian Black Book we are continuing to expand our business with new partnerships
providing dealers with lead generating tools on their websites, customer retention products
that enable dealers to certify the future value of a customer's vehicle and our website is
going through a transformation that provides a better user experience, new features and
unique opportunities to reach active shoppers. We have also introduced our Canadian
Black Book Used Vehicle Retention Index to provide the industry with a monthly look at
what's happening with used vehicle values in Canada.
While we've been adding to our product portfolio, we have also updated our CBB
Connect tool with a new user interface, increased functionality and seamless integration
from mobile to desktop.
Please enjoy this year's edition of the Canadian Used Vehicle Report. If you have any
questions regarding our products, our vehicle values, or the market in general, please get
in touch. We're always happy to help.
Warmest regards,
Brad Rome
President
Canadian Black Book Inc.
7800 Woodbine Ave., Suite 300. Markham, Ontario, L3R 2N7
Tel: 905-477-0343 ext. 229 or 1-800-562-3150
Fax: 905-477-4595 or 1-800-700-2987
2017 Edition
Canadian Used Vehicle Report
1
http://www.canadianblackbook.com
Table of Contents for the Digital Edition of DesRosiers - CUVR 2017 - Canadian Used Vehicle Report
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DesRosiers - CUVR 2017 - Canadian Used Vehicle Report - RBC
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DesRosiers - CUVR 2017 - Canadian Used Vehicle Report - Cover2
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