Lastly, the weak rupiah (which had been weakening since mid-2013 amid the US taper tantrum) made imports dearer. Given that many automotive elements nonetheless need to be imported hence raising production costs for Indonesian car producers, value tags on cars turned costlier. However, because of fierce competitors within the home car market not always have manufacturers and retailers been able to move these costs on to end-users. It’s no secret the pandemic has utterly upended the new and used car markets and the global production of vehicles. Supply chain shortages of components like chips have introduced vehicle stock to document lows at a time when client demand is at an all-time excessive.

Canada has tariff-free entry to its most important automotive trading partner, the united states, through the new Canada-United States-Mexico Agreement , which entered into drive on July 1, 2020. In addition, Canada has access to markets similar to …

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