At least in Canada
"But after the increase of interest rates and inflation as a whole, affordability has become the main concern," he says of the latest moves by the Bank of Canada to clamp down on rising costs. Ross, who is the senior manager of automotive industry insights at CBB, says that's driving buyers toward smaller, used vehicles rather than previously popular SUVs, pickup trucks or new vehicles with higher market prices — a trend expected to continue for the next 12 to 18 months"
12-18 months, I say hogwash!
It's gonna take a lot longer than that for folks to get their finances in order to be able to afford a fancy SUV/Truck again etc.
Manufacturers are gonna be falling over each other trying to get more cars to market.
I understand there's more to this than simple supply and demand (governments, emissions etc) but hey, I'll take this as a good sign for cars making a comeback!
https://ca.style.yahoo.com/used-car...H9rcEkggxeDX3-ukXsJULkIY6vUvKXyfGkTIh48xEtiJl
"But after the increase of interest rates and inflation as a whole, affordability has become the main concern," he says of the latest moves by the Bank of Canada to clamp down on rising costs. Ross, who is the senior manager of automotive industry insights at CBB, says that's driving buyers toward smaller, used vehicles rather than previously popular SUVs, pickup trucks or new vehicles with higher market prices — a trend expected to continue for the next 12 to 18 months"
12-18 months, I say hogwash!
It's gonna take a lot longer than that for folks to get their finances in order to be able to afford a fancy SUV/Truck again etc.
Manufacturers are gonna be falling over each other trying to get more cars to market.
I understand there's more to this than simple supply and demand (governments, emissions etc) but hey, I'll take this as a good sign for cars making a comeback!
https://ca.style.yahoo.com/used-car...H9rcEkggxeDX3-ukXsJULkIY6vUvKXyfGkTIh48xEtiJl