Black Friday Is Almost Here!
The Inventory team is rounding up deals you don’t want to miss, now through Cyber Monday. Click here to browse!

Canadians Taking American Cars, Leaving Barenaked Ladies

Illustration for article titled Canadians Taking American Cars, Leaving Barenaked Ladies

With the U.S. dollar falling even with Canadian currency, our northern neighbors are going loonie for American cars... or at least cars sold in America. According to the North American Automobile Trade Association, there's been a 68% increase in cross-border sales since September. This currency fluctuation provides another impetus for Canadians &mdash they already feel cheated when it comes to buying new cars, often paying thousands more than Americans for the same automobile.

Advertisement

In response, dealerships across Canada are lowering prices, offering cash incentives and giving out free hockey tickets. We're just waiting for a cross-border car accident between a Canadian driving his new Porsche and an American driving a Suburban loaded with prescription drugs. NAFTA! [National Post]

Share This Story

Get our newsletter

DISCUSSION

acidic
The Stevenson

I am really surprised that the prices in the States didn't go up rather than the incentives in Canada going up on new cars. The US dollar is falling in all markets around the world. It is not that the Canadian dollar is gaining ground, it's the American dollar that is losing it's value.

That said, does anyone know of any JDM engine importers in the North Eastern US? I am building a project car now and none of the engine importers in Canada are dropping their prices. It would be nice to get an H22A on the cheap when I go south in a couple of weeks.