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How a lack of off-lease vehicle is hurting the used market

Auto Service World

In the years leading up to the pandemic, new light vehicle sales peaked in 2017 and remained strong until 2019, with lease penetration rates exceeding 35 per cent. This led to a robust flow of off-lease vehicles into the market, peaking in 2022, according to DesRosier.

Vehicle 274
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Man Buys Used 2017 Acura NSX in 2022, Drives Just 2,600 Miles, Gets Rid of It for $105,000

autoevolution

This 2017 Acura NSX boasts a Source Silver Metallic over red leather configuration and is powered by a twin-turbo 3.5L It was purchased by a man living in Arizona back in 2022, when he proceeded to add 2,600 miles to the odometer, which indicates a total of just under 28,000 miles. Yesterday, this car sold at auction for $105,000.

IT 78
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How Canadian new vehicle sales fared in 2024

Auto Service World

per cent for granted, the market remains approximately 180,000units below its 2017 high, despite a Canadian population that has increased from 36.7 However, Andrew King, managing partner at DesRosiers, called for caution despite the optimistic numbers. While we would never take a gain of 8.2 million] to 41.5 million people over that time.

Vehicle 276
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New vehicle sales start the year strong

Auto Service World

That would be the highest year on record, beating out 2017 when just over two million new vehicles were sold in Canada. Or, alternatively, was January’s performance setting the stage for another solid year in new vehicle sales, continuing a multi-year trend? The seasonally adjusted annual rate is coming in at 2.15

Vehicle 270
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Autel: Pushing the Boundaries of Aftermarket Diagnostics 

Brake & Front End

Industry-Leading Access to OE-Gateways Automakers started integrating security gateway modules (SGM/SGW) into their new vehicles, starting with 2017/2018 model vehicles. Coverage includes: Stellantis brands: 2017 and newer Chrysler, Dodge, Jeep, Ram, Alfa Romeo, FIAT, and Maserati.

Software 245
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Cristina Balan Wins Appeal Against Tesla in Defamation Web of Lawsuits

autoevolution

The Romanian engineer has been fighting the battery electric vehicle (BEV) maker since it accused her of embezzlement and kickback in a 2017 article from the Huffington Post. If you have never heard of Cristina Balan, you must be new to Tesla controversies. Almost eight years later, she celebrated a massive win in that legal war.

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JC Washbish named CEO of the Alliance

Auto Service World

He was promoted to director of marketing in 2017 and to vice president of sales and marketing in 2019. We have a talented, motivated team driven by our motto: Service is the difference, we get it!” ” He joined the Alliance in 2016 as sales, marketing and brand manager.

Finance 263