« Lieb to Race for Flying Lizards | Main | Porsche 911 GT2 First Drive »
Porsche Cuts Canadian Prices by 10%
September 26, 2007
The value of the Canadian loonie has been rising, and as of this writing, it is equal to one U.S. dollar. However, car prices of vehicles imported to Canada haven’t fallen, in effect making them much more expensive for Canadians to buy. Apparently, lots of Canadians are crossing the border into the U.S. to purchase cars, with one study saying the average buyer would save $14,000 by buying a car in the U.S.
In response to this, Porsche Cars North America has just announced they are cutting Canadian prices by 10% due to the exchange rates. It will be interesting to see if other car makers follow suit. Jaguar says they are assessing the situation, but BMW says their cars are already competitively priced.
[source: Motor Authority]
Posted in Company News
