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.
Dealer Members with New Car Dealers Association
We represent more than 390 New Car Dealers throughout British Columbia.