Toyota Canada recently announced it has come to an
agreement to settle economic loss litigation in Canada related to Toyota recalls
in 2009 and 2010 regarding unintended acceleration.
As used supply remains hard to obtain for many
Canadian dealers, it looks like this tight pre-owned environment pushed
wholesale prices up slightly one again in July.
There will likely be at least a quarter million
new-car intenders this year who decide at the 11th hour not to buy, according to
estimates from CNW Research, which studied the reasons these shoppers choose
this path.
It might sound like a broken record, but four of the
first five used models researched the most on Kelley Blue Book’s website last
month came from either Honda or Toyota.
Following analysts' predictions as used supply
continued to tighten this spring and early summer, the updated ADESA Canada Used
Vehicle Price Index powered by ALG showed a slight rise in June after being
adjusted for seasonality.