US vs Canada price differences

[Gloomer]

Has anyone noticed the price difference on the CA website versus the US website? The V6 is at 119 888 CAD on the CA website and 105 400 USD (=138 500 CAD) on the US website. Is there an explanation for this? Or is it just Lotus not properly updating their canadian website.

 

[Nova]

Yea, they are taking advantage of US buyers, because they can.

 

[Lotustoronto]

Yea, they are taking advantage of US buyers, because they can.

Well - yes and no. Canadian pricing does not include our Lux tax and HST (10% & 13% - respectively) so it skews the numbers. Cars in Canada are more expensive than US, (above 150K) just advertised a little differently. Check Porsche Canada vs Porsche USA, gives a better breakdown of the understanding as they now include Lux tax in the pricing ( but not the HST) - also due to this, manufacturers “price” cars lower MSRP in Canada then direct exchange rate. Sometimes it goes in our favour.

 

[Captain.Kirk]

Has anyone noticed the price difference on the CA website versus the US website? The V6 is at 119 888 CAD on the CA website and 105 400 USD (=138 500 CAD) on the US website. Is there an explanation for this? Or is it just Lotus not properly updating their canadian website.

It’s not purely based on exchange rates between 🇺🇸 & 🇨🇦. Canada and the UK are within the commonwealth and have specific trade tariffs that benefit us Canadians.

 

[Nova]

It’s not purely based on exchange rates between 🇺🇸 & 🇨🇦. Canada and the UK are within the commonwealth and have specific trade tariffs that benefit us Canadians.

US import duty for cars from the UK is 2.5%. On a 100k car, that's 2.5K per car.

 

[Lotustoronto]

keep in mind UK pricing includes their VAT (taxes) where in other markets it shows MSRP + local tax. Example and Emira F/E V6 in CAN would be approx. 140K CAD VS 105K USD (plus the tax dependent on your state) - So fairly similar.

 

[Lotustoronto]

Looks like there will be import tariffs for UK cars coming into Canada starting in April if the governments can't sort a new deal.

Will this impact Lotus prices going forward?

"Mike Hawes, the chief executive of the SMMT, said the breakdown in talks sent "a signal that the UK's world-class automotive products are not welcome in Canada".

"If UK car exports can't use EU parts and components to avoid additional duties it creates a risk that tariffs, potentially charged on top of luxury goods taxes, could be reintroduced," he added. "

UK halts trade negotiations with Canada over hormones in beef ban

Talks aimed at extending an EU-era deal broke down over Britain's ban on hormone-treated meat.

www.bbc.com