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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.
With new vehicle sales under pressure from tariffs and economic uncertainty, car dealers are doubling down on internal combustion engine repair as new vehicle sales are expected to stall. With challenges out of the way and consumer demand building, new vehicle sales were expected to be robust in 2025.
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. )
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.
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.
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,
The direct effects of tariffs on used vehicles are negligible. Cars Commerce’s Industry Insights 1H Report showed the major impact of tariffs on the used-vehicle market, in areas ranging from supply and the age of available used units to consumer demand and prices. But that doesn’t mean they have no effect at all.
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.
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.
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.
Dealers have reacted fast: auction sourcing has fallen from a significant share of inventory in 2019 to a smaller share in 2023, while “off-street” private-party acquisition (PPA) has grown substantially. used-car transactions already happen peer-to-peer, and NADA expects that slice to keep expanding in the next few years.
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.
All Rights Reserved At $5,900, Is This Electric 2019 Toyota Mirai A Total Gas? Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise Culture Nice Price or No Dice At $5,900, Is This Electric 2019 Toyota Mirai A Total Gas?
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.
liter inline-four hybrid that is said to put out around 400 horsepower, according to a Best Car report reviewed by Forbes. Granted, these are both very good motors, but theyre sort of inauthentic when it comes to a Toyota sports car. Best Car says it will sit on a rear-wheel-drive platform. Comment(s) Recommended
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.
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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.
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
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.
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.
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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.
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%
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