Canadian Car Prices File: an experiment
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17 Responses to “Canadian Car Prices File: an experiment”
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September 23rd, 2007 at 14:13
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 23rd, 2007 at 14:38
[...] Filed under: Car Buying, Etc., By the NumbersDue to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 23rd, 2007 at 14:45
[...] [...]
September 23rd, 2007 at 14:53
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 23rd, 2007 at 15:27
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 23rd, 2007 at 15:35
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 23rd, 2007 at 16:45
[...] (permalink) of 23 Check out this blog that was posted to autoblog about buying cars in canada compared to the US The Clever Shark » Blog Archive » Canadian Car Prices File: an experiment [...]
September 23rd, 2007 at 19:16
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 25th, 2007 at 14:24
[...] Well, there seems to be interest in the Canadian car pricing story! It was picked up by Autoblog on Sunday (hello, Autoblog readers!). I’ve actually received some feedback from carmakers, so part 2 of the story is coming soon. [...]
September 26th, 2007 at 11:33
[...] Also if you guys were not aware I am a blogger by profession for Autoblog Latino. Normally this would be none of your concern since it is in Spanish and unless you are really into cars (which I am not) it is pretty boring. In any case I came across an article the other day by a Canadian blogger, Clever Shark. Basically the point is the US Dollar has lost a lot of value recently, and is now almost dead even with the Canadian Dollar (which is apparently called a “Loonie.” I have to admit I was unaware.) The funny thing is(If you live in the U.S.), that cars are like 20-30% more expensive in Canada. It has gotten so ridiculous that people are crossing the border to buy a car for $10,000 less and then importing it. [...]
September 26th, 2007 at 17:18
Why would you expect cars or anything else in Canada to get cheaper just because your currency has risen relative to the dollar? Does every one in Canada get a pay cut when the currency rises? The point is that the cost of Canadian labor in Canada dollars remains the same (doesn’t it?), so why would you expect the product of that labor to have a reduced price tag?
In theory, a pure American export may become cheaper once cost reductions work their way through the supply chain, but still a lot of Canadian labor touches anything distributed in Canada. As for cars, many “American” cars and their parts are made in Canada by labor paid in Canadian dollars anyway.
If Canadians go so nuts buying across the border that Canadian car dealers find that can’t move their inventory anymore, that’s when they’ll start cutting prices. But they won’t til they have to.
September 26th, 2007 at 21:24
The point is that the cost of Canadian labor in Canada dollars remains the same (doesn’t it?), so why would you expect the product of that labor to have a reduced price tag?
You wouldn’t. That’s why all but one of the cars on the list are imported from somewhere else than the US.
September 27th, 2007 at 11:11
There is something to be said for open financial borders… Global village, you know? It would remove all these discrepancies without that inefficient layer of administration.
I’m mainly talking Devil’s Advocate here, but the point does stand. Most things us Canadians complain about, economically, can be solved by all those pacts and treaties that we rally against.
September 27th, 2007 at 11:21
The thing is, I’m not so sure that it’s as easy as the carmakers say to buy a car in the USA. They control the dealership program, so it’s quite easy for the corporate headquarters to slip in a clause in the contracts of dealers located next to the Canadian border forbidding them to sell cars to Canadians. A few weeks ago I read a report about such a situation involving Toyota dealers in northern Washington state (it was either on Autoblog or Jalopnik, I can’t quite remember). It’s another angle that I’m investigating at this time.
September 27th, 2007 at 12:28
[...] Due to the dollar’s dip, one American greenback is worth the equivalent Canadian Loonie. At least, it’s worth the same at the exchange window. However, it is not worth anywhere near the same amount at Canadian car dealerships, and at least one Canadian wants to know why. [...]
September 30th, 2007 at 19:47
[...] marketexpert wrote an interesting post today onHere’s a quick excerptOne of my recent pet peeves has been the discrepancy between car prices in Canada compared to the situation in the USA. It seems an especially good subject to write about these days, as the Loonie has (for all intents and purposes) … [...]
December 2nd, 2007 at 18:51
[...] ismael hurt posted a great article about car buying.Here’s a quick snippet.One of my recent pet peeves has been the discrepancy between car prices in Canada compared to the situation in the USA. It seems an especially good subject to write about these days, as the Loonie has (for all intents and purposes) … [...]