Why are Canadian Car Prices So Much Higher in Canada than in the U.S.A.?
There is a lot of stipulation about why Canadian Car prices are so much higher in Canada than in the U.S.A.
If you ask an average person why they think the prices would be higher in Canada, you would probably get a response like “The exchange rate” or “It must be the cost of bringing it across the border”. However, thousands of people each year are traveling south of the border to buy a car in the U.S.A. to save money. If any Canadian can drive down to the U.S.A., purchase a car, import it, and still manage to save a significant amount of money, why can’t the car companies?
The truth is that it’s not just the Canadian car market, there are many markets that have been lazy in changing their pricing, regardless of the strength of the Canadian Dollar versus the American dollar. Look at new books, for example. Some new books that cost $3.99 in the U.S.A. still cost $5.99 here in Canada, when in actuality, our currency is practically on par.
Personally, I like to look to save money wherever I can. When I found out that it was much easier and cheaper than I thought to import a car into Canada, I felt it necessary to spread the word to other Canadians about how much money we are litterally handing over to lazy car companies that don’t feel the need to adjust their prices
Here is a video from DrivingTelevision on Global that talks about this subject exactly.
