Federal budget leaves luxury tax on vehicles, but nixes it for planes, boats | Volvo Canada gains in new, CPO markets, drawing buyers from mainstream brands | Turo takes on traditional car ownership model with launch of long-term rentals in Canada

The federal budget tabled Nov. 4 sends mixed signals to the auto retail industry, with no movement on the luxury tax, but investment tax deductions poised to support dealers.

͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ ͏ ‌     ­ Having trouble viewing this email? See the online version   Daily Wednesday, Nov. 5, 2025   Federal budget leaves luxury tax on vehicles, but nixes it for planes, boats The federal budget tabled Nov. 4 sends mixed signals to the auto retail industry, with no movement on the luxury tax, but investment tax deductions poised to support dealers. READ MORE > READ MORE > Volvo Canada gains in new, CPO markets, drawing buyers from mainstream brands READ MORE > READ MORE > Turo takes on traditional car ownership model with launch of long-term rentals in Canada READ MORE > Advertisement Are Your Customers Using AI to Shop? AI-powered car research is on the rise, but it’s not always accurate. From incorrect pricing to out-of-market recommendations, buyers may arrive confident but misinformed. Explore how this shift affects the sales process and what dealers can do to meet AI-informed customers where they are. LEARN MORE. Every service department runs into the same problem: Customers don't always see the value in or feel the urgency of the recommendations they receive. In fact, according to AAA 76 percent of customers say they have felt a mechanic recommended unnecessary services. READ MORE > SPONSORED CONTENT From paper to proof: Why video MPIs are the future of fixed ops Every service department runs into the same problem: Customers don't always see the value in or feel the urgency of the recommendations they receive. In fact, according to AAA 76 percent of customers say they have felt a mechanic recommended unnecessary services. READ MORE > Honda adjusts production; hope for Brampton; exports lack U.S. content. Plus, Clarify Group co-founder and President Darren Slind discusses the latest findings in a survey about auto shows. LISTEN HERE > ANC Podcast: Oct. 31, 2025 | The week's top stories and Clarify Group President Darren Slind on auto shows Honda adjusts production; hope for Brampton; exports lack U.S. content. Plus, Clarify Group co-founder and President Darren Slind discusses the latest findings in a survey about auto shows. LISTEN HERE > READ MORE > GM, Tesla, Toyota urge U.S. to extend USMCA free trade deal READ MORE > READ MORE > Supreme Court justices question legality of Trump tariffs in key hearing READ MORE > READ MORE > Toyota to recall more than 1.1 million North American vehicles for rearview camera issue READ MORE > READ MORE > Nexperia's Chinese owner appoints new boss amid global chip dispute READ MORE > Like so many other segments of the automobile industry, auto lenders face many challenges in today's turbulent market, including ever-rising vehicle prices, uneven levels of inventory, cybersecurity and fraud concerns and rapid advances in digital technology aimed at providing customers with a more seamless and frictionless car-buying experience. Michael McGhee, Senior Vice President and Head of TD Auto Finance, a division of TD Bank, explains how the company is well-positioned to handle those challenges – and shares his vision of how auto lending will change during the next five to 10 years. READ MORE > SPONSORED CONTENT A look at the future of auto lending: Reimagining the road ahead Like so many other segments of the automobile industry, auto lenders face many challenges in today's turbulent market, including ever-rising vehicle prices, uneven levels of inventory, cybersecurity and fraud concerns and rapid advances in digital technology aimed at providing customers with a more seamless and frictionless car-buying experience. Michael McGhee, Senior Vice President and Head of TD Auto Finance, a division of TD Bank, explains how the company is well-positioned to handle those challenges – and shares his vision of how auto lending will change during the next five to 10 years. 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 This email was sent to bimoharjanto.ankerbellok@blogger.com Manage My Account  |  Contact Us ©  2025 Automotive News Canada 1155 Gratiot Ave | Detroit, MI | 48207-2997 | United States Privacy Policy  |  Terms and Conditions  |  Unsubscribe