With gas in my veins and music in my heart. Life's a journey so enjoy the ride! One half of BNN's small business reality TV series Bargain Brothers.
Winnipeg
Joined January 2009
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Andrew MacIver retweeted
We had a VERY interesting interaction about our furniture today.
Don't be a Karen and miss out on great deals!
#fordexplorer #angrycustomer #customerexperience
Andrew MacIver retweeted
Customer came out of NOWHERE with a Civic - Prius deal.
We make sure to be ready at all times.
#usedcartrade #hybridcars #ubervehicle
Andrew MacIver retweeted
Had to give this guy a reality check on the price of Stelvios.
He couldn't handle the harsh truth about his vehicle.
#cartrade #alfaromeostelvio #vehiclevaluation
Andrew MacIver retweeted
🚨#BREAKING🚨 Used Car Prices Are Surging Across Canada | According to BLACK BOOK CANADA 🇨🇦 the national average retail price for used cars has jumped from $34,000 in early March to $37,500 as of April 22nd—a $3,500 spike in just six weeks.
What’s even more shocking? The number of available used vehicles has remained steady at around 220,000. That means demand is surging, not supply.
This isn’t a drill:
• Prices held flat for weeks
• Then March 18th hit—and the market took off
• We’ve seen four straight weeks of increases, with no signs of slowing down
If you’ve been thinking about buying—or even trading—now’s the time to lock in value before this trend continues.
Shop smart. Shop local. Ride Time.
National Average Used Car Retail Price:
January 7th 2025: $34,950
January 14th 2025: $34,950
January 21st 2025: $34,950
January 28th 2025: $34,500
February 4th 2025: $34,500
February 11th 2025: $34,490
February 18th 2025: $34,000
February 25th 2025: $34,000
March 4th 2025: $34,000
March 11th 2025: $34,000
March 18th 2025: $35,000
March 25th 2025: $34,950
April 1st 2025: $34,750
April 2nd 2025: 🚨 AUTO TARIFFS 🚨
April 8th 2025: $35,500
April 15th 2025: $36,300
April 22nd 2025: $37,500
Andrew MacIver retweeted
🎥 Celebrating Life: Honoring My Dad’s Legacy
Family is at the heart of everything we do. Watch this heartfelt moment as we reflect on my dad’s incredible legacy in Episode 2 – Winter Wonderland?. ❤️
Catch the full episode here 👉 rideti.me/ep02
With @_andrewmaciver & @dougmaciver
#BargainBrothers #RideTime #Winnipeg #FamilyLegacy
Negative equity is coming back in a big way.
Why? Not only are retail prices are falling, but Blackbook says wholesale prices are falling and falling rapidly.
Why does it matter what Blackbook says?
Blackbook 👏🏼 controls 👏🏼 the 👏🏼 🚗lending 👏🏼market 👏🏼 in 👏🏼 Canada 👏🏼 !
So there is a fundamental disconnect between what Blackbook thinks and what the dealer thinks about the value of the 🚗.
So if the 🚗 advances for 26500 and the retail value of the 🚗 is 26000. Anything over 500 of negative equity will have to come up in cash down. – at Winnipeg, Manitoba
Lenders use Blackbook as the only way to value the 🚗’s value.
Think of it like asking your cousin how much is the 🚗 worth.
How much they allow you to leverage will depend on your credit. Typically 140% of the Blackbook wholesale number is what the lender will “advance”.
Another lender is ceasing operations in the automotive retail lending space in Canada. This is a big one, Bank of Montreal. Some would argue they stopped offering competitive approvals a year ago, it’s now official. 1) – at Winnipeg, Manitoba
What The UAW Strike Could Mean for Used Car Prices | fast.ridetime.ca youtu.be/xwc_ihPQ51M?feature… via @YouTube – at Winnipeg, Manitoba
It’s looking like Source One Financial has exited the Automotive lending space in Canada. Very little details at the moment. – at Winnipeg, Manitoba
🚗 Ever wondered why that $400 monthly car payment can be a bit challenging to achieve? Let's break down the numbers 🚗
If you're looking for a car shoot me a DM, and I'll help you navigate the path to your dream car within your budget. 🚙💰
#RideTime #CarPayments #CarFinance101 – at Winnipeg, Manitoba
1/ Used Car prices won’t be going back ⬇️ in Canada. Firstly, we have exported millions of vehicles to the US since 2014. When a new 🚗 leaves it doesn’t just leave supply once it leaves the market 4 times. This is because it will never becomes a trade in for the next buyer. – at Winnipeg, Manitoba
5/ New prices are just simply out of reach for most consumers. According to the Financial Post the average new 🚗 price in Canada was an eye popping $61,000. They will have no choice but to turn to used. financialpost.com/transporta… – at Winnipeg, Manitoba
In summary, the combination of exporting lowering supply, production disruptions leading to the shortage of three-year-old 🚗, high immigration levels, unaffordable new 🚗 prices will contribute to the persistently 📈 prices in the used car market. #AutoEconomics – at Winnipeg, Manitoba