CAD$ fall => increase in CAD car prices?

[JSCC]

From what I have seen and understand from my previous experience, companies and much eager to increase the prices of their products then lower them.

It took almost a year for CAD manufacturers to adjust the prices when CAD$1 = US$1.1 in November 2007.
Do you think they would wait a year to increase them back? 

So US$1 = CAD$1.2, anyone interested in getting a vehicle before the prices rise again? 

[Wolfe]

OMG Canadians getting screwed!!!!!!!!!

[gosteelerz]

I think it was for this reason that they never really dropped the prices in a meaningful way.  Having said that, the prices probably will not rise.  Also, the market is too slow right now to be jacking up the price.

[mmret]

If the economy were stronger I'm sure they'd raise prices.

[sailor723]

I'm not sure how much longer Canadian car sales will stay strong given the economic turmoil and the crashing US economy. A deep US recession ALWAYS spills over into Canada. I very much doubt that Canadian car prices will go up. The manufacturers will just have to give up the windfall profits they've been enjoying for the last year or so.

[airbalancer]

I guess it not worth it to go to the US for a car

[PMREdmonton]

The dollar's drop is probably temporary.  We will have to see how things play out over the next yera but you can expect incentive programs not to get any stronger.  They will remain strong now only because Americans aren't buying and we are starting to become heistant to spend on big ticket items, too.

[Snowman]

Global consumption of resources will resume the previous trend after this financial hiccup and the CDN Dollar will rise again.

[sailor723]

Global consumption of resources will resume the previous trend after this financial hiccup and the CDN Dollar will rise again.

 

China/India/Brazil etc were not as developed as industrial economies during earlier downturns. Longer term the comsumption (and price) for our natural resources is only going to go in one direction.

[kenwood]

I have been watching multiple cars and I did notice that the price of two of them have gone up since early Oct by a few hundred dollars.  One of them is manufactured in the US and the other one is imported from Japan (probably through a US shipping dock).

[johngenx]

Toyota raised the price of the 09 Corolla slightly, about $500.  Oddly, there was no advertising campaign "we've RAISED prices!!"   

[safristi]

LOTSA DOLLAR DENOMINATED DUES to be PAID IN FOOL FULL SOON...... hence the BUCK SCHTUPPS HERE.......................once it's come....and gone  Dear olde Beaver Bucks will rise..............care to play the exchange option route....richy rich fer those with Soros dime.......................

[Guy]

The dollar is now rising faster than it fell. Pretty soon we will have daily pricing changes....

[JSCC]

Mazda has followed in Toyota's foot steps.
Basically a mild price increase on all 2010 and 2009 models effective April 1st.

[airbalancer]

Will the use car cost also increase in a couple years if people stop flipping car every 2-3 years?

[johngenx]

The large supply of off-lease vehicles has been a boon to used buyers, no doubt.  If there is no more leasing, the average purchase price of vehicles will fall, as most people can't afford to make payments based on the full value of a $50K car.

I think in the long term, this massive mess might be the best thing for everyone.  Makers won't be eaten alive by poor residual forecasting, and the $20-35K market will be hotly contested as makers must work within the pricing available to financing.

However, I don't see the US raising gas taxes, and this will mean continued boom/bust cycles for things like SUVs and trucks.  I belong to a Corolla forum, and the number of people selling their 'Rollas thanks to <$2.00/gal gas in the US is staggering.  They are all running back to large vehicles.  Huh?  I used to think that the $147/bbl oil spike would convince people that "it can happen, and will happen again."  Nope, people are just plain stupid.  If gas spikes again, they'll all sell their SUVs and go back to Corollas at a massive loss.  No wonder consumer debt is out of control.

If the US began adding gas taxes, it would create a stable base for US makers to invest in economical cars.  It would curb consumption, reduce expenditures on foreign energy (including Canada, so Albertans better pray for no gas taxes in the US), and keep more money at home.  Short term pain for major long term gain.  CAFE does nothing, as we have seen.  You can't screw with the supply side.  Change comes from the demand end.  Consumers have to have their behaviour changed, not automakers.  Manufacturers will go where the demand is.  Europe shows us this.  Hell, even Canada is ahead.  Why do we buy smaller cars than Americans?  Higher fuel prices.

Can we have great, interesting and fun econo cars?  Ford is leading the way with the Fiesta here.  Big risk with low gas prices, but it's the right move, and is very forward thinking.  Good for them.

[JSCC]

Mazda2 should be on its way to Canada. 

[Cord]

After taking a big dip in the winter, used car auction prices have zoomed up the last couple weeks. In some cases rising $3000-$5000 over about a 4 week period.

[airbalancer]

After taking a big dip in the winter, used car auction prices have zoomed up the last couple weeks. In some cases rising $3000-$5000 over about a 4 week period.

Would that have to do because less dealers are importing cars in the US with the high US dollar

[sailor723]

The dollar's been down for quite a bit longer than that.

 I'd guess it might have more to do with more people considering a used car who might have only bought new before the recession hit and fewer people buying new so fewer trades (supply and demand)....Cord?