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Aftermarket faces challenges as market softens

Auto Service World

per cent higher than the first half of 2019 in dollar terms, outpacing inflation and reflecting the strong consumer investment in vehicle maintenance and operation. Looking ahead, King cautioned that lower vehicle sales from 2019 to 2023 could bring challenges for certain aftermarket sectors later in the decade.

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Why more dealer incentives could be coming to new vehicles

Auto Service World

Despite this shift in supply and demand dynamics , average marketed vehicle prices generally remained above USD$50,000 throughout the year, after surging from USD$38,276 in 2019. In 2019, there were 72 models priced under $30,000. For example, a consumer who bought a $19,550 Ford Focus SE in 2019 with a 4.5

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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.

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This 2019 Ford Mustang Bullitt With Only 85 Miles Never Left the Dealer's Parking Lot

autoevolution

This is how far this 2019 Ford Mustang Bullitt traveled. Only 85 miles in six years. It basically spent its entire life in a dealership's parking lot despite being a tribute to an iconic car of the late 1960s. Will the six-year storage make its value skyrocket, or will it make it come crashing down? Muscle cars are meant to be driven.

Car
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Installing chargers deterring Canadian EV buyers

Auto Service World

However, in January 2025, Canada’s zero-emission vehicle (ZEV) adoption rate fell by nearly 30 per cent. Colleen McGrory from Homestars.com noted that EV charger installation can vary in complexity and can cost as much as $2,500 in some cases.

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Aisin acquires Leon Import

Auto Service World

In 2019, the two companies formed a joint venture, establishing Aisin Sales Latin America (ASLA) to consolidate their sales activities. Aisin has acquired the business assets of Leon Import, an aftermarket import and sales company based in the Colon Free Trade Zone (CFTZ) in Panama.

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EV World: Market Momentum

Auto Service World

Since its inception in 2019, the iZEV Program has been instrumental in promoting EV adoption by offering rebates of up to $5,000 for eligible vehicles. per cent in 2019 to 11.7 In January 2025, Transport Canada announced the pause of the Incentives for Zero-Emission Vehicles (iZEV) Program due to the exhaustion of available funds.