March 15, 2006
Compact cars have lowest percentage of trade-ins
Toronto, Ontario – Entry-level compact cars have the lowest percentage of trade-ins overall in the Canadian market, but get more trades from the premium compact car segment than from their own, reports J.D. Power & Associates’ Power Information Network (PIN).
Of the eight segments listed, compact cars averaged only 23.7 per cent of sales with a trade-in, followed by premium compact cars (27.0 per cent), compact pickups (29.7 per cent), full-size SUVs (32.8 per cent), light-duty full-size pickups (33.2 per cent), entry-level SUVs (35.2 per cent), midsize SUVs (35.5 per cent) and premium midsize cars (38.6 per cent).
After the entry compact segment, the premium compact car segment has the lowest segment of same-segment trades. At the other end of the scale, more than half the trade-ins on full-size pickups and full-size SUVs are a similar type of vehicle.