Topic: The car market is turning.

[JohnnyMac]

Are these platforms only for Canadian buyers/dealers and if so do dealers use another platform for the US market to determine if they are better off sending them south.

[TheHire]

This is what new car dealers in Canada use to obtain a quick idea of what a customer trade is worth on any particular day.  Past associates on mine put the Armada on this platform and the top bid was around $47K which put the vehicle $10K underwater.  It was helpful in as much as it was clear that it was better just to forget about moving into something else and just keep on driving it.

https://www.traderev.com/en-ca/

They aren't anymore though, because TradeRev merged with OpenLane and the platform is all but dead. From thousands and thousands of cars per day, the platform now has barely "hundreds". They made a bunch of their tools subscription-based and nobody's really paying for them. Old-school wholesale and retail are all that's really left. TradeRev is dwindling hard and unless they get their sh*t together, will soon be a thing of the past. It's a shame because the tool was very good prior to this past fall.

Interesting this is happening in your area. It’s going strong as ever here. 2022 was a banner year for TradeRev. Actually, there wasn’t any merger, just alignment of Adesa, Simulcast, and TradeRev into one platform. KAR Global is still the parent company of the whole outfit. I personally prefer EBlock, but the Openlane platform works better for those instant listings/live trade appraisals, etc. Openlane is also terrible to deal with, late titles, awful arbitration policies, and many other issues I’ve faced with them.

OpenLane's arbitration policies are absurd, you're absolutely right. I'm fairly sure that the merge onto one platform happened this past summer or fall, didn't it? In mid-2023?

Two of my GMs really love E-Block, but I'm seeing very minimal activity on E-Block around the GTA.

[Guy]

The car market sure is turning. Just saw the local dealer is putting money on the hood of brand new CR-V’s! 

[JohnnyMac]

The car market sure is turning. Just saw the local dealer is putting money on the hood of brand new CR-V’s! 

Not shocking considering they had been pushing the envelope on price with this new generation and around here there has been a noticeable dip in new ones seen on the road, and there is always inventory on the dealer lot.

[Dante]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

[ktm525]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

You are passing because of a windshield replacement? So common here that must shops are very good.

[Dante]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

You are passing because of a windshield replacement? So common here that must shops are very good.

Not saying I would pass on a good unit for that reason, but just an observation. I would assume also lots of paint chips are to be expected on AB cars. Am I wrong?

[revalations]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

You are passing because of a windshield replacement? So common here that must shops are very good.

Not saying I would pass on a good unit for that reason, but just an observation. I would assume also lots of paint chips are to be expected on AB cars. Am I wrong?

Alberta certainly had its share of rock chips. Couldn’t keep a windshield in our vehicles for much more than a year. I’ve bought 20+ yr old vehicles here in BC with original windshields still. I’ve yet to replace my Sierras windshield going on 5 years and and 150k of BC driving year round.

[Dante]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

You are passing because of a windshield replacement? So common here that must shops are very good.

Not saying I would pass on a good unit for that reason, but just an observation. I would assume also lots of paint chips are to be expected on AB cars. Am I wrong?

Alberta certainly had its share of rock chips. Couldn’t keep a windshield in our vehicles for much more than a year. I’ve bought 20+ yr old vehicles here in BC with original windshields still. I’ve yet to replace my Sierras windshield going on 5 years and and 150k of BC driving year round.

Another thing I noticed with BC cars, at least German luxury cars, quite often they are low mileage despite age.
@Revalations - is this something you noticed in the course of your business?

[revalations]

Yes, German luxury vehicles in the lower mainland are like Toyota Camrys anyplace else. They’re absolutely everywhere. Many are garage queens, people tend to not drive much/far down there. Also, I find the lower mainland vehicles are extremely clean underneath/body. My favourite buys have come from down there.

[Dante]

Yes, German luxury vehicles in the lower mainland are like Toyota Camrys anyplace else. They’re absolutely everywhere. Many are garage queens, people tend to not drive much/far down there. Also, I find the lower mainland vehicles are extremely clean underneath/body. My favourite buys have come from down there.

Maybe you can find me one?    No rush....

[ArticSteve]

The car market sure is turning. Just saw the local dealer is putting money on the hood of brand new CR-V’s! 

Not shocking considering they had been pushing the envelope on price with this new generation and around here there has been a noticeable dip in new ones seen on the road, and there is always inventory on the dealer lot.

Agreed.   Dealer lots are full.   These 2024 CRVs have really expanded in size.  The other issue is Honda's hybrid system.  Not exactly proven.  If I was leasing I'd pick a CRV over a RAV any day.  But ownership, nope.

[revalations]

Yes, German luxury vehicles in the lower mainland are like Toyota Camrys anyplace else. They’re absolutely everywhere. Many are garage queens, people tend to not drive much/far down there. Also, I find the lower mainland vehicles are extremely clean underneath/body. My favourite buys have come from down there.

Maybe you can find me one?    No rush....

Absolutely! I love finding vehicles for customers.

[sailor723]

Yes, German luxury vehicles in the lower mainland are like Toyota Camrys anyplace else. They’re absolutely everywhere. Many are garage queens, people tend to not drive much/far down there. Also, I find the lower mainland vehicles are extremely clean underneath/body. My favourite buys have come from down there.

Maybe you can find me one?    No rush....

Absolutely! I love finding vehicles for customers.

It can be tough to find Vancouver area cars that haven't had multiple insurance claims....or at least one fairly major hit.

[Dante]

Yes, German luxury vehicles in the lower mainland are like Toyota Camrys anyplace else. They’re absolutely everywhere. Many are garage queens, people tend to not drive much/far down there. Also, I find the lower mainland vehicles are extremely clean underneath/body. My favourite buys have come from down there.

Maybe you can find me one?    No rush....

Absolutely! I love finding vehicles for customers.

It can be tough to find Vancouver area cars that haven't had multiple insurance claims....or at least one fairly major hit.

LOL..... I noticed that but who knows, maybe I can find the unicorn  Hope dies last as they say.

[ktm525]

Used market is still screwed up. I think there are still some dealers (franchise especially) and private sellers which didn't get the memo.

I think I mentioned before, I'm keeping an eye on used '17 X3 35i and it's very frustrating.... Luckily I don't HAVE to buy a car so I got time.
Very interesting that only one (1) out of 15 nationwide '16-'17 X3 35i are in Ontario. Majority are in QC. Second of all, prices are between $22K and $32.5K so a pretty big span... I wouldn't mind buying a BC car but it looks like most have been in some sort of accident. AB cars commonly had one or more glass replacements.

There are tons of F25 X3s in GTA, yet very, very few for sale. Go figure....

You are passing because of a windshield replacement? So common here that must shops are very good.

Not saying I would pass on a good unit for that reason, but just an observation. I would assume also lots of paint chips are to be expected on AB cars. Am I wrong?

Yeah if they are highway driven then expect rock chips. 3M or the like mask treatments are very common. At worst you are looking at a respray of a front clip. That being said ye olde Ridgeline has maybe a handful of rock chips on the a pillar or leading roof area. The front clip is plastic and 3M.

[sailor723]

Yeah, you guys use gravel rather than salt out west right?

[ktm525]

Yeah, you guys use gravel rather than salt out west right?

They use a combo that they call pickle mix. In the cold straight gravel. Calgary has been screwing around with pre deicers too. The big difference is out here it is so dry. That keeps the rust down to a dull roar. It's the salt/humidity combo that kills the cars in the east.

[Dante]

Is this a sign of market turning or another case of a BC car with half dozen claims and $20K worth of damage?
Mileage on a high side, but still not terrible.

http://www.autotrader.ca/go/5-60970779

[ArticSteve]

Brought to you by the "Auto Clearance Center" with a certified mechanic on premises. That makes all the difference.  They're clearing them out alright.

The topper is that this vehicle has entered the "GREAT" DEAL ZONE.  So sick.