Sales Of Luxury Vehicles Hit A Record High Last Year (2014)

Here are some very interesting luxury vehicle metrics …

  1. Auto sales are expected to rise once more this year; the sixth year in a row – BMO Financial
  2. More than 187,700 cars luxury cars were sold in Canada last year – DesRosiers Automotive Consultants
  3. This number represents over 10% of the entire Canadian market – DesRosiers Automotive Consultants

 

The Chrysler 300 SRT8 Interior
The Chrysler 300 SRT8 Luxury Interior

 

Zack Spencer, founder of the auto-info/review MotorMouth.ca portal believes that

Buying new is more achievable for many Canadians than buying used.”

He also adds that,

Auto manufacturers are providing all kinds of incentives and cheap financing, so the cost to buy a car and finance it are very, very low. Many have zero percent interest or very low finances: 1.9 or 2.9 %. If you go to bank and get a car loan to buy a three-year-old Honda civic, they’re not going to charge you 0 % interest or 2.9 %, so your carrying costs on that money are much more expensive than buying that new car.” 

 

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