AutoEnthusiast.ca

The resurgence of the Canadian dollar has led to a price break for Canadians interested in purchasing a Porsche.

Porsche Cars North America is the first automaker to announce that it will be sharply reducing the prices of its vehicles sold in Canada. Overall, the price of a 2007 Porsche model compared to a 2008 will go down a full 10%, so a 2007 Cayman that cost $69,600 in Canada last year will cost $63,500 today. Unfortunately, a 2008 Cayman in the U.S. still only starts at $49,400, but at least it’s something.

Peter Schwarzenbauer, President and CEO of Porsche Cars North America, Inc., said yesterday in a press release:

“We cannot ignore our customers and dealers in Canada who can look to the U.S. and recognize a substantial price difference.”

With the Canadian dollar currently sitting around $1.02, it should quite interesting when, and if other carmakers follow suit.