Fewer Canadians planning to buy vehicles

Growing concern over tariffs and affordability is influencing whether Canadians plan to buy vehicles, with fewer people expecting to purchase a car in the coming years as trade tensions and household costs increase, a study on car ownership in Canada found.

Turo’s State of Car Ownership in Canada 2026 reported that 75 per cent of Canadians are concerned tariffs could raise vehicle prices in 2026 and nearly a third say the risk of tariffs makes them less likely to buy a vehicle. Compared with 2024...