Sixty-five per cent of residents in British Columbia are concerned about the impact of tariffs on the price of used vehicles, according to a new report from Vancouver-based Autozen, a digital car-selling platform.
In a news release, the company said 61 per cent of British Columbians are concerned about finding reasonable used car options. Another 30 per cent changed their mind on a major purchase or sale (such as a car), because of the uncertain political landscape. And 73 per cent of those surveyed are worried about finding reasonable new car options.
“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,” said Sean Mactavish, CEO of Autozen, in a statement. “We hear it more and more from our customers every day.”
Due to a cost of living crisis and the impact of tariffs on the Canadian auto sector, most B.C. residents (73 per cent) don’t want to sell their vehicle over the next year. And 82 per cent believe the price of used cars will rise over the next 12 months.
Autozen also said its report showed increased worries around the risk of scams, with 61 per cent of British Columbians concerned about fraud when selling their car through a traditional online marketplace. At the same time, 47 per cent indicated they feel frustrated when selling their vehicle through a dealership.
