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Shuttering green EV program leaves some reeing red

Auto Service World

A program designed to encourage Canadians to buy zero-emission vehicles will pause by the end of this quarter as planned. CADA, the Global Automakers of Canada and the Canadian Vehicle Manufactures Association (CVMA) hosted a press conference on Jan. per cent in 2019 to 11.7 The figure climbed further to 14.2

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Lane watch: What only appreciating vehicle segment might be saying about market

Auto Remarketing

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. As July comes to a close, the depreciation rate is stabilizing.

Vehicle 105
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AAA survey shows sagging interest in EVs

Auto Remarketing

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. According to a news release from AAA, thats the lowest percentage recorded of EV interest since 2019.

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How End-of-Year-Sales May Impact Auto Finance Digital Transformation Strategies

AutoSuccess

These challenges might cause buyers to reconsider buying both new and used vehicles. However, the consumer has remained resilient since the pandemic, and there is plenty of pent-up demand for the sale of both new and used vehicles entering 2024. New and Used Vehicle Sales S&P Global Mobility expects U.S. million units.

Finance 52
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RouteOne Introduces On-Demand Digital Retailing Solutions

AutoSuccess

The company announced the introduction in a press release, stating that RouteOne On-Demand enables the digital future of automotive retail with unparalleled efficiency, flexibility and customization capabilities to help deliver a modern, secure, compliant and consumer-centered vehicle purchase experience, including financing and protection products.

Retail 52
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Used car prices fall again in July, down nearly 20% from pandemic highs

Autoblog: Repairs

Vehicle prices continued a downward trend in July — the most of any major category in the Consumer Price Index (CPI) over the last year as the car market continues its return to "normal" following pandemic-fueled inflation. Compared to their peak in February 2022, prices paid for used vehicles are now down 19.4%. in July and 1.4%

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Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As days on market) and 2-3 year-old (58.5

Finance 52