Summary
Used-car prices are hitting the skids in Canada and the U.S., falling in some cases at the fastest pace on record as the North American economy continues to falter, Scotiabank says in its Global Auto Report.
The decline is being propelled by rising imports of second-hand models into Canada from the U.S. They have more than quadrupled to 64,000 cars a quarter versus 60,000 a year in 2004, and show no signs of slowing, as the loonie remains on near-equal footing with the U.S. dollar.See the full content of this document
Extract
Used-Car Prices Plummeting
OTTAWA -- Used-car prices are hitting the skids in Canada and the U.S., falling in som...
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