View Single Post
Old 06-16-2023, 09:24 AM   #47
Eff-1
private modder
 
Eff-1's Avatar
 
Join Date: Feb 2002
Location: North Shore
Posts: 7,222
Thanked 3,473 Times in 986 Posts
Failed 47 Times in 35 Posts
It's always going to be make/model dependent. Domestic cars have never had a very high demand in this market and dealers have a hard time moving stock. Except perhaps for pickup trucks.

Toyota/Hyundai/Tesla on the other hand, it's near impossible.

Anyways, here's a CBC article on this subject. This economist who studies the car industry basically said:

According to Young, the average price of a Canadian passenger vehicle is just over $45,000 right now. That figure is up by 30 per cent since 2019, "but it would be misleading to suggest that all car prices skyrocketed in the pandemic," she said in an interview.

"A big part it was auto makers dedicating their limited supply of components into their most profitable vehicles."

"Energy and material prices are flat now but way up since 2019," she said. "Friendshoring and rejigging supply chains cost them. If you look at [all these factors] you see the legitimacy of why a car should cost more now."

"I understand that prices go up and I understand that COVID affected things," she said. "I believe some of it but I think the dealerships are driving up rates and enjoying it because they can charge whatever they want — they say this is how much it is, and you say 'yes please' and wonder if you're going to get kicked again."
Eff-1 is offline   Reply With Quote