Comments on: Hyundai Lowers Canadian Prices

By: Dinu Uscatu

Dinu Uscatu — Fri, 07 Mar 2008 16:02:52 +0000

i6:

I agree w/you but it’s a move in the right direction. Better than Honda taking adds in the paper saying how much they’re doing to reduce the price difference – hypocrites!

By: Kevin

Kevin — Fri, 07 Mar 2008 15:59:09 +0000

So Canadian Hyundai dealers will now experience a massive drop in revenue? How’s that going to affect them? What do businesses usually do when revenues fall 15% or 20%?

By: i6

i6 — Fri, 07 Mar 2008 15:11:26 +0000

The 0% financing is nice but compared to say 5.5% over 3 years it doesn’t quite make up for the deficit against buying a Mazda in the US. It brings the Canadian price within negotiating range ($1400 difference), that’s it.

Having run the USCAN price comparison on a number of new hatchbacks, that’s about as equal as it gets.

By: Dinu Uscatu

Dinu Uscatu — Fri, 07 Mar 2008 13:45:21 +0000

A move in the right direction. Needless to say, that still leaves most other manufacturers idle on the issue. On the bright side, Mazda is offering 0%/60mths on most if not all of their products, which is welcome news, although it does hurt a bit resale value.

By: i6

i6 — Fri, 07 Mar 2008 13:34:13 +0000

Are you sure you’re matching comparable levels of equipment on the cars? The base 2009 Matrix lists for $500 less in Canada but after matching A/C, PDI, power doodads and taxes on both models it is $2500 more at a 1:1 exchange rate.

By: Subifreak

Subifreak — Fri, 07 Mar 2008 13:27:27 +0000

I agree the Cambridge plant is a very well oiled machine (had a tour of the Lexus plant there & came away very impressed).

It’s about time the automakers adjusted their prices for the stronger Canadian dollar.

By: George Labrador

George Labrador — Fri, 07 Mar 2008 13:06:23 +0000

Yesterday March 6th, I toured the Toyota Manufacturing plant in Cambridge, Ontario, This place makes The Matrix. The Corolla and the Lexus RX330! This Lexus Plant is the only manufacturing unit outside of Japan and the bulk of its production goes too the USA.
All in all it was a good tour and it helped as I had a friend who recently retired from GM in Oshawa Ontario who thought the working conditions here in Cambridge was far better than at GM and he said they are better off without a Union as far as he could tell!