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USA July 14, 2026

Rising Fuel Costs Drive Buyers to Used Car Market

Rising Fuel Costs Drive Buyers to Used Car Market

Canada's affordability crisis is now affecting the automotive market, with many Canadians finding it difficult to own a new car. A recent study suggests that even though new car prices have eased slightly, one in seven Canadians are abandoning plans to purchase a new car, opting instead for more affordable used options.

New cars in a dealer's lot

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