Finance committee  If I may, I can interject with some numbers. Just in the last eight years, for example, between 2010 and 2017, the share of new vehicle sales that were fully cash purchases decreased from 17% of the market to 8% last year. That means, again, that more than 92 cent of new car buy

Transport committee  I can start. We have no concerns with the Senate amendment, because it was the amendment that we pursued actively in the Senate, which of course, as you know, was followed by a series of discussions with the department and the minister and his team, which we hoped would result in

Transport committee  It often does. I don't have access to the specifics of what's known as the DSSA, the dealer sales and service agreement , which is the legal document governing the business relationship between the dealer and manufacturer. Often there will be provisions in there allowing for some

Transport committee  The two highest-profile recent ones, of course, have been alluded to in this committee before by the minister and today. Certainly, there is the VW situation, but again that wouldn't fall under the purview of this bill because it was not a safety defect. Also there was the situat

Transport committee  Not yet, no.

Transport committee  The reason we are seeking, and will continue to seek, a legislative solution to this problem is that there's a need for consistency. Right now many manufacturers pay some form of compensation in instances where there are difficult, long-lasting recalls. There are manufacturers ou

Transport committee  Thank you, Madam Chair, and thank you all members of this committee. My name is Michael Hatch, and I'm the chief economist for the Canadian Automobile Dealers Association, CADA. We're the national association, as many of you know, for franchised new car dealers and truck dealer

Finance committee  Yes, that's what I was talking about. That's the single biggest problem that our dealers are dealing with right now. A lot of these dealers--people around this table will know--have been where they are in every community in Canada for decades, and they have had very long relation

Finance committee  Yes. As I said, it's the biggest issue they're dealing with. The $12 billion credit facility should help to address that. It's a significant sum of money, so we understand the need to design it in such a way that it's effective. Obviously, we want it to meet its objectives, which

Finance committee  Thank you. Let me start by addressing some consumer issues. We must not let current market conditions facing manufacturers and dealers distract consumers from the fact that it's a very good time to buy a car in Canada. In fact, the two sides of the situation are closely related