Pumped Pricing: Higher taxes for used cars this year, British Columbia
Victoria, British Columbia – Budget reforms in British Columbia may impact the used vehicle market sooner than expected, according to a disgruntled official opposition critic. Starting Oct. 1, private vehicle sales will be taxed based on the vehicle’s reported purchase price and the average wholesale value. This tax will apply to the greater of the […]
Aging Autos: Used car sales up five percent last year
Toronto, Ontario — Used car sales increased five percent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots, according to DesRosiers Automotive Consultants. A survey by the Used Car Dealers Association found that an average of 250 used vehicles per franchised and independent dealer were sold […]
Used Car Commotion: Price of used cars in Canada has increased by 12.8 percent, amid microchip woes
Toronto, Ontario — Amid the global microchip shortage, the price of used vehicles in Canada is continuing to climb. New data from AutoTrader.ca shows the average price of used automobiles has risen by 12.8 percent last month. The online used vehicle marketplace says in July 2021, the average price of a used car on its […]
