Shopping for a new car? Canadians looking for a new set of wheels could find some price relief

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Canadians shopping for a new vehicle this spring or summer may find a bit of relief from pandemic-era supply shortages and high prices.

Experts say there are signs of “normality” on dealership lots after disruptions to automotive supply chains left some customers waiting months for new vehicles or competing for scarce stock at high prices in the normally affordable used vehicle markets.

However, despite signs of normalization in the market, some experts say inventories aren’t equal across all models and automakers.

Anne Gaviola has more on the shift in the market and where to find the best deals.

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12 COMMENTS

  1. Why is the wait so long to get a Toyota? American Toyota dealers have many vehicles on their lots ready to sell, for almost all models. What gives in Canada?

  2. Most of the cars on the road people don't really need. Every time I see people with big trucks just to use it go grocery shopping is a waste of money. So many don't even need engines that has more than 6 cylinders. It's really throwing their money in the garbage.

  3. Why in the world would anyone buy new when your car loses half its value in year. On a 100k truck it can be 30-40k in a few years. What kind of big brain does this?

  4. What? You mean the average consumers don't want to spend $50k-$100k+ on new vehicles at 8-9% financing rates? I'm so shocked (sarcasm)! Prices have gone up 1.5-2x the price since before 2020, and it is showing that "responsible minded" buyers are either buying used vehicles or keeping what they have till they literally fall apart hoping this market will come back down. Though I'm convinced a lot of this is corporate greed (not necessarily supply), things like axing car models to make more trucks and suv's, there's also high priced EV's that people simply cannot afford to get into and would rather still buy vastly cheaper hybrid or ice vehicles instead for their needs.

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