Trade, Tariffs and ICEs: What Dealerships Will be Watching for in 2025

Between industry dynamics, economic developments and the U.S. election, there’s been a lot of material for auto dealers to process. To get a sense of what it all means for the industry, Adam Doran, Managing Director with our Dealer Finance group, recently sat down with Erik Johnson, Senior Economist at BMO Capital Markets, for a wide-ranging discussion on what Canadian dealerships can expect in the near term.

Their conversation covered the declining interest rate environment, the possibility of new trade and tariff policies in the U.S., Canada’s revised immigration policy, and where the future of the internal combustion engine. Below, you will find time stamps for specific themes throughout the conversation:

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  :38 | The declining rate environment

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  5:14 | The import side

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  8:40 | Tariffs impacting the auto industry

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  14:31 | Consumer decisions in the declining rate environment

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  19:50 | Sustainability in the automotive industry