comparemela.com

Latest Breaking News On - Warren barnard - Page 1 : comparemela.com

Will car buyers see better protection after the OMVIC board is overhauled?

Some used cars in the U S cost more than new ones: Could it happen in Canada?

  TORONTO The COVID-19 pandemic shut down car manufacturing plants, there s a massive backlog of orders for semiconductor computer chips and many commuters who ditched public transit bought their first cars. It’s been called a perfect storm in the Canadian auto industry and it’s leading to a lack of supply for both new and used cars and rising prices. Americans are in the same situation, so some U.S. dealers are buying used cars from auto auctions north of the border and paying prices Canadian dealers can’t compete with. “If people have to wait two or three months to get a new vehicle, they will buy a used one, so demand is up there [in the used vehicle market],” said Warren Barnard, the executive director of the Used Car Dealers Association of Ontario.

Perfect storm of chip shortage, soaring demand pushes used car prices to new highs

Perfect storm of chip shortage, soaring demand pushes used car prices to new highs
680news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680news.com Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.