Charles Bernard, an economist with CADA, says anything electric is selling at an especially eye-watering premium. The industry-wide pivot toward electric vehicles isn't helping bring down high car prices, either. "I believe some of it but I think the dealerships are driving up rates and enjoying it because they can charge whatever they want - they say this is how much it is, and you say 'yes please' and wonder if you're going to get kicked again." Situation with EVs even worse "I understand that prices go up and I understand that COVID affected things," she said. If you look at you see the legitimacy of why a car should cost more now."Ĭonsumers like Nemet may be happy to buy whatever their local dealer has, but the same can't be said of that excuse. "Friendshoring and rejigging supply chains cost them. "Energy and material prices are flat now but way up since 2019," she said. The Real Cost of EVs The government wants you to own an electric vehicle - but who can even afford them?
"But every dealer in the country wants more cars but can't get them." "There are auto makers who - for whatever reason, it's not even always clear to us - are doing a better job of managing their supply chain," he said. Huw Williams, head of public affairs for the Canadian Automobile Dealers Association (CADA) says that while things are closer to normal than they've been in a while, there are still large gaps in the chain - and they're often company-specific. That's better than the 19 per cent they were at the same time a year earlier, but still less than half of what could be considered normal. Data from DesRosiers Automotive Consultants shows that in the first quarter of 2023, on average, Canadian new car dealerships only had about 42 per cent of the inventory that they would have had before the pandemic. Lingering global supply-chain challenges resulting in months-long wait for appliances.Why used car prices are locked in high gear - and what government could do about it.
"I'm thrilled that we actually got one," she said. "We did not think we would have a vehicle to drive away in - that wasn't even on our minds because nobody has any." She thought the best-case scenario was that the Mitsubishi wait list was shorter than the Toyota one she was already on, but was amazed to discover the dealer had several models she could take home that day. She and her husband patiently waited for more than 11 months with next-to-no news from their dealer, before deciding last month to poke their head into their local Mitsubishi dealership and ask about a hybrid Outlander, another model that had initially caught their eye. She eventually settled on putting down a deposit for a non plug-in hybrid version of the same car, but was told it, too, would likely be a year away. "'It's an eight-year wait,' he said," the Edmonton resident told CBC News in an interview. Jennifer Nemeth, pictured in Edmonton on June 5, went to a different automaker when she was told there would be an eight-year wait for her preferred new car.
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