It has been an incredible 2009 so far in the automotive industry with inconceivably two of the “Big 3” going into and coming out of bankruptcy protection. Purse strings are still fairly tight on the credit side restricting the way companies were used to doing business in the mid 2000’s. We have all had to [...]
L’année 2008 s’est déroulée tel que nous l’avions prédit, alors que le prix des véhicules usagés a chuté à un niveau non connu depuis cinq ans. La parité du dollar, la saturation du marché, le prix du carburant et, évidemment, la situation économique ont été les facteurs prédominants.
L’année 2009 a repris agréablement au cours du [...]
2008 went just as we predicted with used vehicle prices dipping down consistently to a mark we have not seen in five years. Dollar parity, market saturation, fuel prices and of course economic conditions were the contributing factors.
2009 has rebounded nicely in the first quarter due to a low volume of used product. Lease vehicles [...]
Many consumers fall victim to dishonest dealers who misrepresent used vehicles; from tampered odometer to rebuilt vehicles. This is one of the main reasons why we should protect ourselves and do our due diligence prior to purchasing any used vehicle. Below are some of the things to consider the next time you’re in the market [...]
One of the initial questions that McLaughlin asked Corcoran and Ritza dealt with the declining value of the U.S. dollar in comparison to other global currencies, including the Canadian dollar.
“The continuing (decline in) the U.S. dollar is going to put pressure on everything we’re doing,” Corcoran responded. “We’ve faced challenges. The U.S. importation of vehicles is [...]
