Used vehicles for sale are displayed at an automotive dealership in Ottawa on Friday, Aug. 11, 2023. THE CANADIAN PRESS/Sean KilpatrickAlready low on inventory, the used car market is facing an additional supply crunch as fewer off-lease vehicles return to dealership lots — and that’s contributing to higher prices.There were fewer new cars for sale during the pandemic years as supply chain woes rocked the industry.
In September, used car prices fell 8.7 per cent from the same month a year earlier, Akyurek said. The average price of a used car is now $35,754. Interest rates for financing used cars can be as high as eight to 10 per cent right now, whereas financing on certain new vehicles is around five per cent, said Shari Prymak, executive director of non-profit Car Help Canada.He said a lightly used vehicle, which is about two or three years old, should cost 20 to 30 per cent less than the same brand new vehicle.
Vancouver Fire Rescue Services received its first shipment of new firefighting gear on Wednesday, advancing the department's plans to reduce cancer risk for its members.Officials in Hong Kong said Wednesday they have discovered dinosaur fossils in the city for the first time on a remote, uninhabited island that's part of a geopark.A meteor lit up our region's sky last night – with a large fireball shooting across the horizon over Lake Erie at around 7:00 p.m.
An 18-year-old has filed a lawsuit over the ownership of the ball Shohei Ohtani made baseball history with when he became the inaugural member of the 50-50 club.Former 'Malcolm in the Middle' star Frankie Muniz is set to continue his NASCAR career with a full-time ride in the Truck Series for 2025.China has deported a VW executive for allegedly using drugs while in Thailand
A man who lost his life while trying to rescue people from floodwaters, and a 13-year-old boy who saved his family from a dog attack, are among the Nova Scotians who received a medal for bravery Tuesday.A newly minted Winnipegger is hoping a world record attempt will help bring awareness for the need for more pump track facilities in the city.A Springfield, Ont. man is being hailed a 'hero' after running into his burning home to save his two infant children.
A sentencing hearing is set to begin today for a Manitoba man who admitted to killing his common-law partner and their two young children.A 59-year-old man has died following a crash involving three vehicles that started after a tire fell off a car on the Trans-Canada Highway Wednesday morning in the RM of Tache.
A suspect in an armed robbery that took place one year ago in Hanover will officially face the court for their charges following an arrest on Sunday.A haunted house in the Town of Innisfil is causing a real scare for some people a week before Halloween.Windsor hospitals hold off on mask mandates as others reintroduce them
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