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Average New Vehicle Sales Transaction Rises

Average New Vehicle Sales Transaction Rises

January 21, 2021

Average new vehicle sale prices in Canada have hit an all-time high. There has been an ongoing trend with Canadians trading in their passenger cars to buy SUVs, crossovers and pick-up trucks, which are generally more expensive.

As vehicles cost more Canadians are taking out longer loans to pay for them. According to J.D. Power the most popular loan term in Canada is now 84 months.

Read the story here.

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