http://www.canadatrader.com/result/d...1&pgno=1&srt=1

We were going to sell our 2005 FX, until I saw this ad and a few more like it. Obviously an American import. This is a low milage one year old FX. In Edmonton, equipped like this with tax this vehicle would be between 61-64K new. Imagine a 39% hit for one years depreciation. There is another 07 for a couple grand more, lower milage with 22" custom wheels. I guess I keep the FX, I cannot compete with the American imports.

Unless Canadian prices drop, I am done buying new cars here. I suspect I am not alone on this one.

 

im with you..
a new s2000 here is upwards of 50 grand,
int he states they start at 30.

i will def be purchasing one from down south.

 

link only takes us to main trader page.

That's frustrating to hit these kinds of hits. One of the key considerations when I bought the G Coupe was the #1 predicted resale value in 5 years. The currency situation makes that moot even it does hold true.

 

You can buy a new 08 M Coupe or Roadster (USofA) for less than my 3yr lease end value.
Guess what I'll be doing

 

If you select your default province and click it again it should work.

I feel how you guys are feeling; luckily I think it will be only temporary with the American vehicles flooding Canada. I don't believe the Bank of Canada will allow our dollar to stand on par with our neighbors who purchase 40% of all our net-exports. Not to mention we are offically now entering a recession . I think a good exchange rate would be around .8X-.9X. Should provide very little incentive to purchase from America given that Canadian dealers continue with their current incentives (doubt they will though).

I know the problem really isn't our economy; but dealer pricing; but I think it is also because our market is alot smaller than that in America. Sucks for us either way (selling or buying side).

 

Sorry about link. 2007 FX35 with tech package, fully loaded, chrome wheels, 22,000km for 38,900.00. Way cheap!

Imagine though that whomever is selling this is doing this for profit. Search Autotrader U.S. and 2007's are selling for 28-31K.

 

Yup, it's brutal. I'll be driving my 03 for a few years yet. I shudder to think what I'd be offered on a trade in for, say, a new G35x sport.

 

I was offered $25k trade by BMW on my '07 last December so will be driving it for at least 2 more years.

 

Yes, it's temporary but how long- no one knows for sure. Every time the US lower rates their currency devalues negatively affecting CDN exporters. We'll likely see .90 or so sometime this year and hang around there according to many economists.

I think if you check you'll see our US exports are closer to 80%. I'm not sure where you're reading we're entering a recession. The US hasn't even "officially" done that yet and we're in significantly better shape than them.

 

Agree on this. The U.S. housing crisis though is getting worse and it appears that the equity of many home owners is getting wiped out or worse yet, they are dropping into an upside down position. Home owner equity is at the lowest since the end of WW11.

This real estate correction will be more painful for some than others but it is not done yet. I am not sure if and/or how this will affect us, you would think that if households are having their assets wiped out, it will impact consumer spending. We shall see, but in the short term, I do not see our dollar dropping much in relation to the U.S. dollar.

 

The US real estate situation is truly frightening. Even some people on this site have owned up to be in the sub prime market and upside down position. I can't ever understand why anyone would ever leverage themselves that far. I could not sleep at night.

You're right about the dollar. Whenever the US lowers rates or they have bad news our dollar jumps up.

 

I read a comment (obviously a joke) about the US economic situation. Basically, the editor wrote something like this:

"I've thought of a solution to solve the three biggest problems in America. Those problems are
1. migrant workers and illegal border crossings
2. high gas prices and
3. a weak US dollar
The solution, you ask? Keep a bunch of Mexican's in the trunk of my car. Have them push my car around instead of buying gas, pay them in Peso's so they have to go back to their own country to spend the money."

What ... I thought it was funny.

'06

 

lol

 

Ah right again; I think there is something not right in the water around here .

Meant to say that our net exports comprise ~40% (37.9 region) of America net imports; and our exports (mainly to USA) comprise 40% of our GDP.

Recession wise; the BOC has begun to use expansionary monetary policy since Feb 2008 (lowering overnight lending rate, purchasing government bonds) and total growth expected is considerably smaller than it was projected to be. So yeah; recession might be too harsh of a word for the condition right now but it definately will feel alot different given the last 4 years and the relatively strong growth with the historic low levels of unemployment.