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The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. Off-lease vehicles are a key source of product for the used car market. The long-term impact of these disruptions is now being felt, the consultancy reported.
As new vehicle inventory continues to grow and sales slow, manufacturers and dealers are expected to offer higher incentives to keep cars and trucks moving off lots in 2025. New vehicle inventory reached 3.23 At the same time, the average days to move a vehicle jumped from 51 days to 71 days, the group reported.
Canadian consumers are moving toward affordability and practicality when shopping for vehicles, according to year-end data from AutoTrader. Economic challenges appear to be influencing decisions, with mainstream models taking precedence over luxury vehicles in both searches and sales throughout 2024.
light vehicles rose to 12.8 Vehicle registrations surpassed 16 million in 2024 for the first time since 2019. This was not enough to offset the growing volume of aged vehicles as vehicles in operation grew to 289 million with a steady 4.5% The average passenger car age climbed to 14.5 The average age of U.S.
light vehicles rose to 12.8 Vehicle registrations surpassed 16 million in 2024 for the first time since 2019. This was not enough to offset the growing volume of aged vehicles as vehicles in operation grew to 289 million with a steady 4.5% The average passenger car age climbed to 14.5 The average age of U.S.
In January 2025, Transport Canada announced the pause of the Incentives for Zero-Emission Vehicles (iZEV) Program due to the exhaustion of available funds. 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 2023.
Despite the peculiar shape, the Tesla Cybertruck promised to be a cutting-edge vehicle from the future that was set to revolutionize the automotive industry. Here's what led to this loss of steam for one of the most anticipated vehicles in the world. In 2019, Tesla unveiled the Cybertruck, undoub. continue reading. )
Replacement parts have historically been the largest segment of light vehicle aftermarket products but that’s been changing over the last five years, according to Lang Marketing. In 2019, replacement parts accounted for nearly 65 per cent of light vehicle product volume.
With climate change and air pollution becoming global concerns, reducing vehicle emissions is more important than ever. If youre passionate about cars and sustainability, a career as an emissions specialist offers the opportunity to play a vital role in protecting the environment.
Just like the rest of us, American cars keep getting older. light vehicles has set another record, climbing to 12.8 The analysis found vehicle registrations surpassed 16 million in 2024, the first time thats happened since 2019. But that was not enough to offset the growing volume of aging vehicles.
An autocycle is a type of three-wheeled vehicle that blends characteristics of motorcycles and cars, and it started being seen in 2016. These vehicles typically have a steering wheel instead of handlebars, a fully or partially enclosed cabin, and foot-operated controls like a car. This defines the Polaris Slingshot.
Wholesale used-vehicle prices (on a mix, mileage and seasonally adjusted basis) fell in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) dropped to 202.6. ” Tariffs Impacting Used Vehicle Wholesale Prices The recent automotive-specific tariffs have significantly impacted the used-vehicle market.
A new survey found that over half of drivers are intrigued by the prospect of using their vehicles as “digital wallets,” signalling a growing interest in connected vehicle services. The survey highlights the increasing role of connected vehicles in the U.S.
After taking a significant drop during the pandemic and associated supply issues, the percentage of car buyers purchasing a new vehicle from the same brand they currently own rose for the second consecutive year in 2024, according to the LexisNexis Risk Solutions Automotive Brand Loyalty Study. percentage points since 2019.
car sales showed encouraging growth, while the European market remained mostly stagnant, according to JATO Dynamics. American buyers have historically favored petrol vehicles, but battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) led market expansion in 2024. Car Sales The U.S.
From 2014 to 2019, the DIFM market was thriving, with product and service volume soaring. However, the pandemic abruptly changed consumer behaviour, leading many to perform their own vehicle repairs in the U.S., Between 2019 and 2023, the annual product sales of the average car and light truck bay rose significantly.
Police departments across the US have had mixed experiences with Tesla EVs used as police cars. However, the Bargersville PD, which bought its first Tesla in 2019, loved it so much that it has become the largest operator of Tesla police cars in the US. continue reading. )
TRAC noted that proper tire maintenance is crucial for road safety, preventing blowouts, enhancing fuel efficiency, extending tire lifespan, improving vehicle handling and saving money by avoiding unnecessary repairs and replacements. According to Statistics Canada, Canadians purchased 43 billion litres of gasoline in 2019.
Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in May compared to April , according to the Manheim Used Vehicle Value Index (MUVVI). between 2014 and 2019, indicating depreciation trends were slightly lower than normally seen. The index declined to 205.2,
As an automotive technician, you may be faced with the eternal question: Should I get aftermarket parts for Jeep cars and save some money? That’s because even technically compatible car parts were made to be universal. This is a great difference from 2019, where the cost was a little over $600. Or should I get OEM parts instead?
Cars are currently tested for men, not for women Benoist/Shutterstock CBS News cites a NHTSA report stating that women are 73% more likely to suffer injuries in a crash than men. This information appears to come from a 2019 University of Virginia report rather than NHTSA, but the data is no less valid.
Introduced for 2019, the 992 generation further refined the Porsche 911, adding modern technology and enhanced power. Battery and Electrical Drain Issues Owners of the 992 Porsche 911 have reported battery drain or electrical system glitches, particularly when the vehicle is not driven frequently.
Although the year began with declines in the average used car price, the trend quickly shifted. According to the CarGurus Used Car Price Index , which tracks millions of used car prices, prices drifted down from December to February. overall, since the start of the year.
The report found 60% of vehicle buyers purchased within the first three days of their initial inquiry, meaning a significant 40% of sales still closed after many dealerships stopped following up with leads. Even so, new-car prices remained stable, finishing the year at an average of $49,520, while used prices dropped steadily throughout 2024.
The 5th generation Toyota RAV4, which includes model years from 2019 to 2025, is one of the most popular compact SUVs on the market, known for its reliability, versatility, and impressive fuel economy. However, like all vehicles, there are some common issues on the Toyota RAV4 reported by owners and repair shops.
Electric vehicles appear to be losing some juice with consumers, if AAA research is taken at face value. adults report being very likely or likely to purchase a fully electric vehicle (EV) as their next car. adults report being very likely or likely to purchase a fully electric vehicle (EV) as their next car.
Thats because your car is going to start life as a bog-standard product, and only after it rolls off the line will the company disassemble what it just assembled, precision scan every piece, and then custom-build protective materials to layer into those pieces. You can also get it with either the PHEV or mild-hybrid powertrain. Not enough?
car sales showed encouraging growth, while the European market remained mostly stagnant, according to JATO Dynamics. American buyers have historically favored petrol vehicles, but battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) led market expansion in 2024. Car Sales The U.S.
The fourth-generation Chevrolet Silverado, introduced in 2019 and still in-production, has been one of the best-selling trucks in the country, and it’s easy to see why. Schedule an appointment with AutoNation Mobile Service and experience the future of vehicle care.
The FIAT 500 is one of the most recognizable compact cars ever sold, and still remains popular nearly six years after it was discontinued. With designer collabs and sporty Abarth models amongst its many trim levels, the 2012–2019 FIAT 500 offers fun driving, but not without a few caveats.
From 2019 to 2024, Continental increased global sales of UHP tires in the passenger car and light truck segment by roughly 15%. Designed for high-powered vehicles, such as sports cars, SUVs, and luxury sedans, the global demand for UHP tires is projected to grow at approximately 9% annually through 2029.
Graphic: Cox Automotive Used-vehicle inventory levels at the start of June dropped slightly month over month , but inventory was relatively flat compared to early June 2024, according to a Cox Automotive analysis of vAuto Live Market View data released June 13. million vehicles in May, unchanged from the 1.53 stood at 2.21
In 2019, Google introduced its BERT model its next-generation machine learning for Google Search. So why am I waxing about the history of machine learning when you want to know how it impacts car sales? Starting in 2015, when you performed a Google search or paid for SEO as a marketing channel, you were leveraging what we now call AI.
Hyundai launched the GDSI program in 2015 and refreshed it in 2019 for continued progress. This effort aligns retail design with Hyundai’s leadership in innovation, branding and vehicle design language. Programs include Hyundai Hope on Wheels and Hyundai Hope, which runs a nationwide car seat safety initiative.
million three-year-old used cars, the few remaining used alternatives appear to be well on their way to joining them. million three-year-old used cars, the few remaining used alternatives appear to be well on their way to joining them. While nearly half of all three-year-old cars cost less than $20,000 in 2019, only 11.5%
Car Pros Automotive Group announced that Car Pros Honda El Monte earned the Sales Circle of Excellence Award from American Honda Motor Company for the third year in a row. based on 2024 new vehicle sales volume. Car Pros Honda El Monte earned the distinction of being a top Honda dealership in the U.S. Honda is the no.
The recall affects 443,899 vehicles, including the 2019-2022 Infiniti QX50, 2022 Infiniti QX55, 2019-2020 Nissan Altima and 2021-2024 Nissan Rogue. Variable compression engine failure Infiniti According to the recall, "Nissan has identified bearing failures in certain vehicles equipped with the subject 3-cylinder 1.5L
In 2024, Subaru sold 667,725 vehicles, while Honda sold 1,291,490, and Toyota sold 1,986,954. Today, were examining the effectiveness of these ads, how Subaru demonstrates its dedication to animals, and why its vehicles are appealing to pet owners. In addition to being well-received, the ads coincided with a sales boost.
Indianapolis-based Best-One of Indy has transformed what could be routine vehicle service into an experience that puts people first, whether those people are customers walking through the door or technicians working in the bay. In 2019, Best-One of Indys expansion efforts led it to Columbus, Indiana, where it acquired Frank Anderson Tire.
Of late, that quarrel has extended to the enthusiast realm: Are cars getting too fast even for those who love them and presumably can handle the speed? Trap speed, just so you know, is basically a measure of how fast a vehicle is going when it crosses the quarter-mile marker on a drag strip.) before you can say "Mississippi" twice.
Car Pros Automotive Group announced that 2024 was another year of sales leadership and customer service excellence for its dealerships. For the fifth consecutive year, Car Pros Kia Glendale ranked no. MINI ofDowntown Los Angeles, which Car Pros acquired in 2023, secured the no. 1 in new Kia retail sales in the nation.
If you have a customer in the market for an affordable late-model vehicle, the options are fewer and far between. In 2019, nearly half of 3-year-old used cars sold were priced at less than $20,000. million 3-year-old vehicles. That share has dropped to 11.5% this year, according to an iSeeCars analysis of 2.6
The Model S Smart Air Suspension was an option in 2014, and it became standard for all Model S trims from 2017 to mid-2019. The four-corner system is similar to those found on European cars and trucks. The 2016 to 2019 models use an air suspension made by Firestone. The other service consideration is the voltage.
feet and enabling the robust vehicles to take on almost 3.5 The Ineos Grenadier SUV and its pickup truck sibling, the Quartermaster , are getting special treatment from LeTech , a German off-roading outfitter. Notable is the addition of portal axles , jacking up the ground clearance to 1.5 feet of water.
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