Used car prices creeping up as U.S.-Canada trade war tariffs hit auto sector

Used car prices creeping up as U.S.-Canada trade war tariffs hit auto sector

Autotrader is reporting that average used car prices were up in March over the previous month. In a typical year, they should be down.

New and Used Car Prices Set to Rise Due to US Tariffs: Experts

Experts say U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars. Sean Mactavish, CEO of used-car marketplace Autozen, says prices are already rising on some used cars as sellers anticipate buyers looking for a better deal compared to a new vehicle. “New car prices go up. People (look) into the used cars, and then that increase in demand drives the prices up for used vehicles,” he said. Mactavish says consume…

A Sucker Punch From Your Neighbour/Friend? (US/Canada Trade War)

God has sent Lucifer aka Trump to punish us for our sins? Unfortunately, the innocents will be effected whether in economic or in armed conflict. I have not...

CarDoor Celebrates Record Growth with Ontario's Largest Used-Car Inventory

Summary: Ontario-based CarDoor has achieved a revenue milestone as the province's largest used-car platform. The digital marketplace

Steve Greenfield analyzes tariff impacts, dealer profitability, and the future of U.S. auto manufacturing.

As the automotive industry braces for the effects of new tariffs, industry expert Steve Greenfield, founder and CEO of Automotive Ventures, joins us on the latest episode of Inside Automotive to break down what these changes mean for dealers, manufacturers, and consumers. Greenfield sheds light on how dealers might adapt to maintain profitability in an evolving market. First, Greenfield mentions the ongoing volatility in vehicle pricing due to t…

There is a trend in the continuing rise in the prices of used cars. Please see which models are particularly affected here.