$2B lawsuit accuses car makers of keeping Canadian prices high

Canadian car buyers have been the victims of an illegal plot by automakers to inflate the prices of cars in Canada and discourage cross-border car buying, according to a $2-billion class-action lawsuit.
The suit, filed by the Toronto law firm of Juroviesky and Ricci LLP, accuses the automakers of conspiring "to lessen competition and to unreasonably enhance the price of new cars sold in Canada," according to the statement of claim.
Most of the big North American and Japanese vehicle makers are named as defendants in the suit, along with the Canadian Automobile Dealers Association and its U.S. counterpart, the National Automobile Dealers Association.
The suit was filed on behalf of four Toronto residents who said they paid much more for their vehicles in Canada than identically equipped models in the U.S. The statement of claim alleges that the "price for identical product from U.S sources could be 25 to 35 per cent lower on average than in Canada" after adjusting for the exchange rate.
The lawsuit covers anyone who bought a vehicle in Canada between August 2005 and August 2007. It requires court approval to be certified as a class action.
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Do you believe that the courts will fix the price disparity?


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Well, if they do, the precedent opens the door to a plethora of new lawsuits. It's not only vehicle prices that are gouging Canadians. I hope they do fix it.