Honda and Ford to lower car prices due to strong Canadian dollar
Monday, November 05, 2007 – 10:02 AM
By: Katie Simpson and 680News staff
Toronto – Buying a car in Canada is getting cheaper by the day, as two more automakers will be lowering their prices to keep Canadian shoppers from heading south.
Ford Motor Company of Canada and Honda Canada Inc. will offer major rebates to ease angry consumers.
There will be incentives of as much as $5,500 to people who pay cash for a Pilot Crossover utility vehicle, $1,500 to buyers of the compact Civic and up to $4,000 on some models of the Accord.
Ford will offer rebates that will lower the price of certain models by up to $7,000.
The strong dollar and outrage over U.S. sticker prices were cited as reasons by officials from both companies, who are trying to keep consumers in Canada.
In addition to the Canadian dollar’s strength, October was a slow month for sales as many people seemed to be putting off buying a car until the GST cut takes effect in January.
Some Canadians, who were trying to get a deal this weekend dealt with a lot more frustration than they bargained for.
Customs agents stopped and inspected the luggage of hundreds of shoppers travelling by chartered buses as they tried to get back into the country, which caused major delays.
