Canadians: 54/40 or Shop!
It's been a long time since Canadians harbored thoughts of crossing the border to buy a new car. Since the beginning of the year, the “loonie” is up more then 10 percent against the dollar. Now that the Canadian dollar is nearly equal in value with the American greenback (for the first time in 30 years), our neighbors to the north are doing some major cross-border shopping. The Chronicle Herald (of Halifax, Nova Scotia) reports that more than 64K American vehicles have found their way north so far this year; that's up 26 percent over year ago. One Toronto resident hankering after a new Mercedes S63 AMG found one selling for C$171K in Canada. When he threatened to cross into the U.S. and buy the car for US$127K, the price suddenly dropped to C$149.5K. Canadian car dealers claim sales are down by 25 percent across the board; they're “begging carmakers to cut their list prices.” NAFTA that.
Glenn is a baby-boomer, born in 1954. Along with his wife, he makes his home in Connecticut. Employed in the public sector as an Information Tedchnology Specialist, Glenn has long been a car fan. Past rides have included heavy iron such as a 1967 GTO, to a V8 T-Bird. In between those high-horsepower cars, he's owned a pair of BMW 320i's. Now, with a daily commute of 40 miles, his concession to MPG dictates the ownership of a 2006 Honda Civic coupe which, while fun to drive, is a modest car for a pistonhead. As an avid reader, Glenn enjoys TTAC, along with many other auto-realated sites, and the occasional good book. As an avid electronic junkie, Glenn holds an Advanced Class amateur ("ham") radio license, and is into many things electronic. From a satellite radio and portable GPS unit in the cars, to a modest home theater system and radio-intercom in his home, if it's run by the movement of electrons, he's interested. :-)
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