Loans of 84 months or longer made up more than 50 per cent of all automotive financing in Canada in the first half of 2019. If a dealer in Ontario fails to disclose the negative-equity risks associated with long-term financing, they could be exposed to provincial Consumer Protection Act charges.
The 2020 Explorer ST is purpose-built for performance, receiving a custom-tuned 3.0-litre turbocharged V6 engine producing 400 hp. Gonzalo Contreras, SUV product marketing manager for Ford Canada, expects the take rate by customers to be more than 20 per cent.
Current owners of Cadillac CT6 vehicles equipped with Super Cruise will begin to receive notices next week on how to have the software that enables the update installed by a dealer free of charge. Beginning in 2020, the feature will be delivered fully updated on new CT6 sedans.
Subscription services attract younger customers to high-end brands, and most new users are conquests. So far, Care by Volvo and Portfolio by luxury dealer OpenRoad in B.C. are the only two services available, and they're slightly different.
Despite slumping sales and recent layoffs, the minivan is here to stay because they are functional and their transaction prices keep the segment profitable, say experts. But Ford's redesigned Explorer could soon be hot on the family hauler's heels.