Quote:
Originally Posted by TorqueDog
Also consider the greed that has fueled used car market values -- and especially where goddamned Porsche is concerned. I would bet used Porsches (and other desirable cars) state-side are going to see a price increase to take advantage of the imposed tariffs that make importing a used Porsche more expensive.
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The used car market in Canada right now is beyond stupid and one of the factors is an insane amount of cars being sold and sent south. American buyers coming up here and snatching up product, Canadian's selling their cars down there. New and used car dealerships having an export part of their business in large volumes all as a result of the Canadian peso doing it's thing.
When the CAD/USD was par or almost par, Canadian's including myself bought a lot of cars in the US. The American's are doing that now in droves and their apatite for cars is huge and it's having an impact on pricing.
Frankly I think it would be advisable for the government to put some export controls/tax on middle of the road, mainstream newer/modern cars. The type of stuff that American's are taking advantage of, not some old classic or collector cars that are hard to come by.