Aug 19
Cross-Border Shoppers save $ 52.7 million in July. $404 M YTD!
The RIV reported yesterday that of the 22,916 Vehicles Imported last month 10,541 of 46% were personal importations. 12,324 or 54% were commercial importations.
The percentages are in line with the year-to-date figures. Of the 174,085 importations this year, 46% or 80,849 have been personal importations.
Based on a modest savings of $5,000 per vehicle, Canadians saved $52.7 Million in July. YTD savings now reach $404.2 Million.
August 19th, 2008 at 9:19 am
54% were commercial importations, eh? Funny how some dealers still
hesitate to admit they import U.S vehicles while others yell it
from the rooftops. Hope these importing dealers are offering fair
prices for their U.S vehicles!
August 19th, 2008 at 3:49 pm
I guess RIV still doesn’t report what percent are “New”, so I recently popped the question to a local Canadian Tire (in Qc.) involved in required inspections. This particular one estimated only one in twenty, with majority of imports being high-end low mileage used cars. That’s not much of a survey so it would be interesting to know what is said at Canadian Tire outlets in other parts of country.
August 19th, 2008 at 11:12 pm
2 points here. I also checked Canadian Tire in Cornwall and they tell me here it is mostly used vehicles that they inspect. But the strangest one is that Bob Lamb obtained the RIV numbers some time ago from the RIV and we just didn’t have the time to post these to the site. Now that CWB published the import numbers a couple of days ago, the RIV decides to release the numbers. Do you think the July import numbers would be released if it was not for CWB?
It just shows that the imports are continuing at a very fast pace. Are the car company’s little tricks working?