Canada has eased some counter-tariffs to reopen trade talks with the U.S., but tariffs on U.S.-built vehicles remain in place. Early in the year, Canadian importers stockpiled U.S. vehicles ahead of the tariffs, with March imports more than doubling January’s levels. However, after tariffs took effect on April 9, 2025, U.S. imports dropped sharply and have continued to decline, while imports from other countries—especially Mexico—rose significantly, with June values nearly doubling January’s.

Automakers have since relied on pre-tariff U.S. inventory, but this has now largely run out, raising uncertainty about future sourcing. Despite these shifts, consumer vehicle prices have stayed stable, with only a modest 3.9% year-over-year increase in August 2025. According to DAC’s Andrew King, the direction of tariffs remains unclear, but market logistics and pricing will likely keep adjusting until a resolution is reached.