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CANADIANS GETTING OVER THEIR HEADS AS SALES ARE BOOMING


Canadians may be buying "too much car" and getting in over their heads, as sales of luxury vehicles are booming.In a recent note, BMO economist Alex Koustas calculated that sales of cars with a sticker price over $90,000 have increased by 37 per cent since 2013.And he says that educated guess might be on the low side, since it doesn't include models where the base price is below that threshold, but quickly pushes over it when options such as heated steering wheels, all-leather interiors and some self-driving functions are added..

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#AlexKoustas #Luxuryvehicles

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