DAC’s focus on Quebec stems from the dramatic surge in ZEV sales in October 2024, when government incentives were set to drop, pushing sales to a record 43,000 units. A year later, incentives are again due to decline—though less drastically—and EV sales have cooled, despite renewed availability of the German-built Tesla Model Y, which is selling briskly. Nationally, Canada’s October 2025 market reached an estimated 159,000 units, a 1.8% dip from the Quebec-inflated total a year prior but still strong overall. DAC Managing Partner Andrew King noted the robust SAAR of 1.94 million, the best since early 2025, while cautioning that trade tensions, semiconductor concerns, and weak economic indicators may challenge sustained growth—especially with the Federal Budget announcement adding further uncertainty to the market outlook.

U.S. Fuel Prices Drop Below $3 but May Rebound Soon
The national average for gasoline has fallen to $2.99 per gallon, marking a 1.4-cent decrease from last week, 14.8 cents from last month, and 6.6 cents from a year ago, according to GasBuddy data from over 150,000 gas stations. Patrick De Haan, head of petroleum analysis at GasBuddy, cautioned that this dip below $3 will be short-lived. He cited refinery issues in the Great Lakes and California that could cause regional price rebounds. Meanwhile, OPEC+ announced an additional oil production increase for December but plans to pause further hikes through March, likely keeping national averages in the low-$3 range until refinery problems ease.
Economic Uncertainty and Rising Rates Signal Cooling Auto Market
The federal government shutdown has stretched into its fifth week, delaying key economic updates such as GDP and jobless claims. Limited data shows pending home sales held steady in September, while consumer confidence slipped again in October.