Today’s Chart comes from J.D. Power, showing the growth of long term loans in the Canadian car market. While 96 month loans are just starting to hit American consumers, the 8 year loan terms have been present in the Great White North for some time. A friend was recently looking at a modestly equipped Big Three Pickup, which would be used for work. The truck, with an MSRP of $35,000 CAD (plus 13 percent sales tax), was offered at 96 months for 3.99%. That would have added up to $6,000 in interest payments over the loan term.
When Daimler begins production of its next-gen Sprinter, quite a few of the vans will be leaving an assembly line somewhere in North America.
September 2014 was marked by a collective 13% sales improvement from the overall industry, a gain of nearly 19,000 units compared with September 2013. September also marked Ford Motor Company’s return to the top of the overall sales leaderboard in Canada. Chrysler Group’s five brands haven’t actually led the monthly results since March, but their lead was strong enough to support year-to-date number one status through the end of August.
Both Ford/Lincoln and General Motors outsold the Chrysler Group in September, however, despite a combined 20% year-over-year improvement from Chrysler, Dodge, Jeep, Ram, and Fiat. (Read More…)
Canadians continued to buy new vehicles at a record-setting pace in August 2014 as the market expanded in all corners, SUVs and crossovers; pickup trucks; commercial vans; minivans; and even passenger cars.
The industry’s 8% year-over-year improvement equalled more than 12,000 extra sales in the Canadian market for automakers of virtually all stripes, from Ford and General Motors to the Volkswagen Group and Toyota. (Read More…)
[AUTHOR'S NOTE: This story is one I've been pursuing since a couple of days before returning to TTAC on the back of the Bumpasaurus Rex last October. As today is my 36th birthday, this is my gift to you, dearest B&B. - CA]
Meet Ian James Corlett and his 1966 Porsche 912. Corlett calls Vancouver, B.C. his home, where he works in the entertainment industry as a voice actor, director, producer, author and musician; his son and daughter, Phillip and Claire, also work in the industry as voice actors in their own right.
As for his 912, it may appear to be no more than a beautifully restored vintage Porsche, but as you’ll soon discover, there’s more than meets the eye with this particular sports car.
All photos provided by Ian James Corlett, Brendan McAleer and Wikipedia.
The list of Canadian-exclusive vehicles is scant, with a large number of them being small minivans and badge-engineered Acuras – in other words, nothing terribly interesting. What you’re looking at here is something that only Canadians will get – for now. But rather than carrying out a concerted effort to bring Canadians something unique, it gives an insight into how product planning decisions are made.
Fans of the Mazda5 may not be able to buy one in the United States anymore, but Canadian buyers will continue to be able to purchase Mazda’s microvan for the foreseeable future.
Ford is deciding between Windsor, Ontario and Mexico for the production site of its new 1.5L and 1.6L four-cylinder engines. As many as 5,000 direct and indirect jobs could be created for the former hub of Ontario’s auto manufacturing sector.
July 2014’s year-over-year Canadian auto sales growth was more significant than the monthly growth rate achieved at any time in the last two years, a period which included record annual sales in 2013.
Not since May 2012, when auto sales jumped 18%, has this rate of growth during a record-setting period been anything much more than gradual. Yet with 18,000 more July sales in 2014 than in 2013 – an 11% improvement – the gradual rate of change suddenly switched to a rapid rate of expansion.
A report in Automotive News outlines how General Motors has committed to building a new Buick model at their plant in Russelsheim, Germany. According to AN, the logical choice is the next-generation Buick Regal, also known as the Opel Insignia, since this is a good fit for Buick, and it allows GM to use up some of the excess capacity that is currently plaguing their European operations. But for GM’s venerable Oshawa plant, this is not good news.