Potential tariffs, a new Prime Minister and interest rate fluctuations contribute to wholesale used-car market uncertainty

People whose business it is to know and monitor the Canadian wholesale automotive industry are keeping a watchful eye on wholesale prices and inventory and three potential curve balls that could impact both:

— U.S. President Trump’s announcement that his administration will impose 25% tariffs on goods imported into the U.S. from Canada and Mexico (a move that has since been paused)

— A change in Canada’s political landscape as a result of Prime Minister Justin Trudeau’s decision to resign

— Interest rates and inflation

Canada’s wholesale used-car industry is concerned about ...