Tariffs leave majority of BC consumers worried about used-car prices, options

The threat of tariffs isn’t just about new cars.
A survey conducted in March by Vancouver-based Autozen found consumers in British Columbia are worried about the price of used vehicles due to tariffs.
The consumer-to-business auto sales platform’s The Road Ahead: BC Auto Resale Market Pulse report included a survey of 800 online British Columbians who are members of the Angus Reid Forum, which showed 65% of respondents expressed concern about used-car prices as the effect of tariffs takes hold.
In addition, 82% said they believe the price of used cars will increase over the next 12 months and 35% expect it to rise “significantly.”
The U.S. is set to impose a 25% tariff on imported vehicles and auto parts on April 3, and Canada is expected to retaliate with its own tariffs. A 25% tariff on steel and aluminum — raw materials for vehicle manufacturers — is already in effect. Both are projected to drive up the price of new cars.
What happens in the used-car sector is less certain, but the survey shows B.C. consumers are bracing for the worst.
As a result of the tariff-fueled economic uncertainty, the survey found, 61% of British Columbians are concerned about finding reasonable used-car options, 73% have the same concerns about new cars, and 30% have changed their decision on a major purchase or sale such as a car or a house.
Autozen’s research showed 73% of respondents are not looking to sell their car in the next year, with 18% saying they’re holding off on selling or trading their car because of the trade war.
The report also looked into other concerns of B.C. residents, including the risks of scams when selling their vehicles, with 61% concerned about fraud when selling their vehicle through a traditional online marketplace such as Facebook Marketplace, Kijiji or AutoTrader.
Because of those safety concerns, the report said, 38% and they would rather sell their car through a dealership than through one of those marketplaces even if it means potentially making less money. On the other hand, 47% said they feel frustrated when selling their car through a dealership and 37% said selling through a dealership is difficult and time-consuming process
“As clearly shown in the data, like the majority of Canadians, British Columbians are seriously concerned about the ongoing impact of tariffs on finding reasonable prices and options in the used car sector,” Autozen CEO Sean Mactavish said. “We hear it more and more from our customers every day.
“That’s why we’re focused on creating a smoother, stress-free way for people to sell their vehicles — helping them navigate an uncertain market where prices fluctuate, options feel limited and the traditional selling process can often be time-consuming and frustrating.”