OWN THE ROAD WITH AUTOTRADER, EPISODE 27: WHAT THE HECK IS GOING ON WITH CAR PRICES?

EV Channels Review

This episode of AutoTrader's 'On the Road' delves into the complex factors driving current car prices. Host Dan Alika and Editor-in-Chief Jodi Lyon, joined by VP of Insights and Intelligence Baris Akyurek, dissect the impact of pandemic-induced production halts, semiconductor shortages, and shifting consumer demand on both new and used vehicle markets. Akyurek highlights that despite improving inventory, high demand continues to push average new car prices near $62,000 CAD and used cars over $39,000 CAD. The discussion also touches on the significant rise in car payment amounts and loan terms due to increased interest rates. A separate segment addresses concerns about EV battery replacement costs, with experts reassuring viewers that lifespans are longer than often perceived and degradation is not as severe as feared, though hybrids remain a viable alternative for the highly cost-conscious.