More Canadians Considering Vehicle Purchase as Prices Drop, Supply Increases

More Canadians Considering Vehicle Purchase as Prices Drop, Supply Increases
Used vehicles for sale are displayed at an automotive dealership in Ottawa on Aug. 11, 2023. The Canadian Press/Sean Kilpatrick
Chandra Philip
Updated:
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The cost of buying a vehicle has been dropping, leading to more Canadians considering a purchase, a recent report says.

Used cars in particular have seen an eight percent drop in price over the last 12 months, according to AutoTrader, an online marketplace for buying and selling vehicles.
Chandra Philip
Chandra Philip
Author
Chandra Philip is a news reporter with the Canadian edition of The Epoch Times.