A warning over the luxury tax | May sales slump for many | Buick dropping ICE vehicles; reveals Wildcat concept | 2023 Lexus RX revealed | Land Rover Defender gets 8-seat model | BMW X1 grows in 2023

Ottawa can expect the levy to add $572 million to government coffers through the 2026-27 budget year, but luxury sales revenue will slide by 19%

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Wednesday, June 01, 2022 BIG STORY NEWSLETTER: Sign up and get the weekly video newscast delivered to your inbox each Thursday afternoon. Subscription Required Retail Federal luxury tax to cost $500M in sales over five years, warns PBO Read More > Subscription Required Retail May sales plunge for Honda, Hyundai, Kia, Subaru while Toyota manages small gain Read More > Advertisement Cybersecurity Over Your Morning Coffee 1/5 dealerships will suffer a cyber attack this year of >$100k between legal fees and lost business. With constant flows of financial data, dealerships are fighting uphill battles to safeguard their client data. Get the facts over your morning coffee with Iceberg’s Cyber Briefs. Risk reports without the jargon. Learn More. Subscription Required Cars & Concepts Buick dropping gasoline-powered vehicles by 2030 for lineup of Electra EVs Read More > Subscription Required Cars & Concepts Buick Wildcat shows off brand's EV look Read More > Subscription Required Cars & Concepts Next-gen 2023 Lexus RX gets 4 new drivetrains, big dose of electrification Read More > Subscription Required Cars & Concepts Defender lineup grows to three vehicles as Land Rover adds 8-seat 130 version Read More > Subscription Required Cars & Concepts BMW X1 grows for 2023, adds more power Read More > Subscribe An Automotive News Canada subscription includes 12 monthly issues – delivered in print to your doorstep, and digitally to your inbox – plus unlimited, 24/7 access to our website. Subscribe Connect With Us Our Mission “The Automotive News Canada mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in Canada.” Click here to unsubscribe from this newsletter. Manage your email preferences. Automotive News Canada PO Box 243, Station A Windsor, Ontario, N9A 6K7 customerservicecanada@autonews.com