Canadian Price Increased

[VanCityMike]

Rivian just bumped up pricing in Canada stating a currency exchange adjustment. They are using an exchange rate > $1.50 which is very high and after tax puts the Tri models north of $200k after taxes. Ouch.

I was looking daily for a Tri in the shop, hoping to take advantage of the CAD $8600 discount. The way the Tri models are prices (right around CAD $150k), this makes a much bigger impact as the taxes in BC are such that PST jumps from 15% to 20% at $150K. With the discount applied, I would save the $8600 from Rivian and a further ~$7500 in tax, a total of $16k. Unfortunately, no models hit the shop and the prices are just far too high now. I can't justify this, so I'll just sit on my cash and wait for better pricing in the future. Might also just look for a well-priced Gen1 Quad.

Pricing before and after the currency hike. This will jump even higher if Canada retaliates Trump tariffs on US-made vehicles. Going to be a rough year for Rivian in Canada.

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[Dark-Fx]

Rivian did warn this was coming. Which seems highly unusual.

 

[VanCityMike]

Rivian did warn this was coming. Which seems highly unusual.

They did, which is why I was checking often to see if a Tri came up in the shop that I could snag before the price hike.

 

[KootenayEV]

I do wonder why they upped the price so much... is their CFO really forecasting our CDN $ to be that weak?!

 

[M3_R2]

I had started to make almost the exact same post as OP yesterday but then didn't bother as I figured it affected so few members here. I had done screen shots for what was available in Ontario.

The only Tri I saw was a white R1T IIRC, in Vancouver. It's as if they removed all other Tri's when they announced there would be a price increase. That R1T is still on Rivian Roamer but now there's also R1T Tri and 2 R1S Tri's. How that's possible, I'm not sure but that in itself doesn't sit well with me.

Ya, the R1S Tri is CA $173,900 less $8600 Q1 discount + taxes = $186,789. That's insane.

When the discount ends, it will be $196,507. Good luck with that.

If there was a TRI R1T available in my area on Monday, I might have just made an 11'th hour stab at one but no way now. I've told my wife to consider a Kia EV5 instead of waiting for an R2 and maybe I'll wait for a Scout instead of getting an R1T. I was hoping to have an R1T (ideally with bi-directional) and an R2 but I don't see that happening now.

Tesla also increased their pricing in Canada so I don't blame Rivian for an increase but this seems more like a gouge.

 

[M3_R2]

Also, all the stock that was available up till Monday that I was seeing at least, was showing V1 Powered Tonneau Covers! (including dual motor stock). Now there's a TRI with a V2 cover. Coincidental? I think not.

 

[RivianRiverRat]

Also, all the stock that was available up till Monday that I was seeing at least, was showing V1 Powered Tonneau Covers! (including dual motor stock). Now there's a TRI with a V2 cover. Coincidental? I think not.

yep it's listed under the "additional features" tab on the left hand side
looks like they make it available for all new builds?

 

[RivianRiverRat]

V2 showing as an $2000 add-on for a dual standard

 

[Rivian Roamer]

I had started to make almost the exact same post as OP yesterday but then didn't bother as I figured it affected so few members here. I had done screen shots for what was available in Ontario.

The only Tri I saw was a white R1T IIRC, in Vancouver. It's as if they removed all other Tri's when they announced there would be a price increase. That R1T is still on Rivian Roamer but now there's also R1T Tri and 2 R1S Tri's. How that's possible, I'm not sure but that in itself doesn't sit well with me.

Ya, the R1S Tri is CA $173,900 less $8600 Q1 discount + taxes = $186,789. That's insane.

When the discount ends, it will be $196,507. Good luck with that.

If there was a TRI R1T available in my area on Monday, I might have just made an 11'th hour stab at one but no way now. I've told my wife to consider a Kia EV5 instead of waiting for an R2 and maybe I'll wait for a Scout instead of getting an R1T. I was hoping to have an R1T (ideally with bi-directional) and an R2 but I don't see that happening now.

Tesla also increased their pricing in Canada so I don't blame Rivian for an increase but this seems more like a gouge.

Listings on Rivian Roamer are not inventory. A listing on Rivian Roamer (and Rivian.com) is just saying that given configuration is available for purchase. There may be 0 vehicles behind it, there may be 1,000.

 

[Motoarzon]

THE PRICING Is right in line and fair. Our exchange rate as of today is a 1.435. They're adding in 6.5 basis points, or about 4.5% "buffer". They just can't change list prices over and over again so they set a price for the year to cover their @sses and if the exchange rate goes the other way in our favor then they can always offer discount promos.
Also remember that 4.5% difference is peanuts. It costs a whole lot more money to do business in Canada vs the US. A service center in Canada vs a US location costs way, way more for wages, electricity, water, rent, insurance ect...ect... and also divided by a lower volume of vehicles to boot.
Fortunately I snuck in just on time and was waiting for around a month for a blue colored R1S with max battery to come into the inventory queue. Got the old $10k cheaper pricing and the $4300 promo on the max pack. It landed from the factory on Mon and I literally pick it up tomorrow morning

 

[SANZC02]

I do wonder why they upped the price so much... is their CFO really forecasting our CDN $ to be that weak?!

It is not far off, CD did hit 1.47 in the last 3 months, they probably have to pick a price that they will not need to change frequently.

I would check to see if they can discount to current exchange rate.

 

[sub]

Am I the only one who thinks a 5%-8% markup is quite fair in exchange for:

• transporting a vehicle internationally
• dealing with another set of regulatory requirements
• buffer for fluctuating exchange rates and the hassle of getting the currency exchanged
• higher costs of warranty work

I would not be surprised if even at that price the Canadian exports are less profitable.

 

[Rivian Roamer]

Am I the only one who thinks a 5%-8% markup is quite fair in exchange for:

• transporting a vehicle internationally
• dealing with another set of regulatory requirements
• buffer for fluctuating exchange rates and the hassle of getting the currency exchanged
• higher costs of warranty work

I would not be surprised if even at that price the Canadian exports are less profitable.

Doesn't Rivian also take the hit on the exchange rate as well?

EDIT: lol disregard I see that is your #3

 

[hammick]

Sorry to derail this thread but is there any way Canada can make Montana part of British Columbia? Or maybe it's own province given its size. I promise most of the undesirables will move to Wyoming.

 

[VanCityMike]

I had started to make almost the exact same post as OP yesterday but then didn't bother as I figured it affected so few members here. I had done screen shots for what was available in Ontario.

The only Tri I saw was a white R1T IIRC, in Vancouver. It's as if they removed all other Tri's when they announced there would be a price increase. That R1T is still on Rivian Roamer but now there's also R1T Tri and 2 R1S Tri's. How that's possible, I'm not sure but that in itself doesn't sit well with me.

Ya, the R1S Tri is CA $173,900 less $8600 Q1 discount + taxes = $186,789. That's insane.

When the discount ends, it will be $196,507. Good luck with that.

If there was a TRI R1T available in my area on Monday, I might have just made an 11'th hour stab at one but no way now. I've told my wife to consider a Kia EV5 instead of waiting for an R2 and maybe I'll wait for a Scout instead of getting an R1T. I was hoping to have an R1T (ideally with bi-directional) and an R2 but I don't see that happening now.

Tesla also increased their pricing in Canada so I don't blame Rivian for an increase but this seems more like a gouge.

Agree with this 100% There was a blue R1T Tri added to the shop, black interior and black wheels. I would have pulled the trigger on that one with the $8600 discount but not at the new price with the additional 5% tax on top. Really can't justify spending that much more for for a pickup 24 hours later. I'm not in a rush, will just drive my gas guzzling V8 F-150 until I can find a reasonable deal.

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