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This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. This led to a robust flow of off-lease vehicles into the market, peaking in 2022, according to DesRosier. Off-lease vehicles are a key source of product for the used car market.
Nissan and Infiniti brands: 2020 and newer Sentra, 2022 and newer Pathfinder, 2021 and newer Rogue, and 2021 and newer QX60 models. 4, 2024 and newer Atlas, 2024 and newer Golf GTI, 2022 and newer Golf R, 2020 and newer A3, 2021 and newer Q4, and 2022 and newer Q5 e-Tron.
Two federal bills key to the automtoive right to repair movement are set to become law in Canada, according to the Automotive Industries Association of Canada. The two bills are not specific to automotive right to repair but do make amendments to the Copyright Act.
In this episode of Tomorrow’s Technician’s Partnership Pathways Podcast presented by NAPA, Doug Kaufman speaks with Robert Ballard, automotive instructor at Chapel Hill High School in Chapel Hill. The school’s racing program has also been growing, with female students taking an active role in building and racing the cars.
As he steps into the pivotal role as AIA Canada chair, Tony Kuczynski brings a wealth of experience and a deep passion for the automotive industry, a journey that began as a licensed technician. And hes seen many changes and hurdles throughout his automotive aftermarket career. Ive always been an automotive enthusiast.
DesRosiers Automotive Consultants reported that the average price for a new vehicle at the end of 2024 surpassed $45,000 for a passenger car and almost $55,000 for a light truck. The price of new vehicles in Canada has levelled off in the last year but has still seen a significant increase in the last 10 years. per cent from 2023 to 2024.
The Automotive Industries Association of Canada has announced the return and expansion of the Innovation in Automotive Training program. Ontarios automotive sector is second to none and it depends on the hardworking workers who make it possible, Premier Doug Ford said in a statement. training.ca and www.mentoringexcellence.ca.
The future of fuel cell electric vehicles remains uncertain as the automotive industry continues to evolve, a new report highlighted. Hydrogen prices at the pump soared to as high as $36 per kilogram at some stations, a 120 per cent increase from the average price in 2022.
Consumers predominantly use online automotive marketplaces like AutoTrader.ca. Many buyers prefer paying a fair price if they receive stellar customer service, with loyalty to dealers rising from 40 per cent to 43 per cent for used buyers and from 41 per cent to 50 per cent for new shoppers between 2022 and 2024.
DesRosiers Automotive Consultants released first-quarter numbers for gasoline consumption, a tool used to gauge the strength of vehicle usage and, in turn, aftermarket demand. However, the consultancy noted, first quarter numbers for this year are still above pre-pandemic levels as well as from 2020-2022.
Complex challenges and constant manoeuvring thats what the following year has in store for automotive aftermarket service shops in Canada, according to leading experts in the mechanical repair sector. Although inflation in Canada has eased since its peak in 2022, expectations have stayed high, leading to cautious spending throughout 2024.
When I get a chance to talk to students in automotive programs, I always ask one question: “Do you want to own a shop someday?” According to TechForce Foundation’s Technician Supply & Demand Report for 2023, the automotive sector saw nearly 5,000 additional students graduate in 2022 over the previous year, a 17% increase.
Its pretty black and white: Over half of all vehicle occupant fatalities in 2022 were people who werent wearing a seat belt. I cant believe Im writing this in the year 2024, but in case yall forgot, seat belts save lives. It simply boggles my mind whenever I see folks driving or riding in a car without wearing Read more.
Its extremely quick Rimac These records were set on between July 5 and 8 at the Automotive Testing Papenburg proving ground, and Rimac says it was part of the final validation testing before customer deliveries start. That means the Nevera R tops out 12 mph higher than the standard Nevera, which had set the EV top speed record in 2022.
Automotive cybersecurity firm VicOne explored those threats, along with trends, predictions and recommendations, in Shifting Gears: VicOne 2025 Automotive Cybersecurity Report , an in-depth analysis that found concerning signs for the global automotive industry in 2025, the company said. billion in 2024. billion in 2024.
Say what you want about CarPlay and Apple's automotive strategy, but it's already clear that things aren't going exactly as the iPhone maker hoped. Apple announced the new-gen CarPlay experience at WWDC in 2022, promising to make the first vehicle announcements by the end of the next year. continue reading. )
In 2022, the manufacturer issued 8.7 Chrysler/Stellantis: 1,150,000 – Certain 2022-2024 Ram 1500 and Jeep Cherokee vehicles. “These trendsreveal a concerning landscape in automotive safety with widespread defects impacting millions of vehicles. million recalls, but by 2024, this number dropped to 4.1
In 2022, online car sales accounted for just 2% of total sales. In the automotive supply chain, ongoing shortages create unpredictable delays for manufacturers and make it difficult for dealers to receive inventory. Handling vehicle titles has long been a tedious and time-consuming task for automotive dealers.
For the third year in a row, Tesla claimed the top brand prize in S&P Global Mobilitys annual Automotive Loyalty Awards, winning for Overall Loyalty to Make, as well as the Ethnic Market Loyalty to Make and Highest Conquest Percentage awards.
According to NHTSA, Hurricane Ian in 2022 affected up to 5,000 EVs. EV manufacturers design batteries to be waterproof, but long-term exposure—especially to salt water—can breach the casing and trigger failures. Salt water worsens the issue. Its corrosive properties speed up metal degradation inside the battery.
Automotive brand loyalty is making a comeback. 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.
New vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. Average transaction prices (ATPs), as measured by Cox Automotives Kelley Blue Book , typically peak in December, as high-priced models from luxury makers often sell well in the final month of the year.
Napleton Automotive Group earned the top spot in 2025 Pied Piper PSI Internet Lead Effectiveness Auto Dealer Group Study, its fourth consecutive No. Herb Chambers Auto Group (81), Berkshire Hathaway Automotive (76) and Ken Garff Automotive Group (75) were also among the top five. 1 ranking and it set a record in the process.
These are some of the findings from Automotive Fleet ’s 2025 OTD survey, returning for the first time since 2021. Lingering Risks However, Kraus noted that further improvements in OTD are unlikely this year based on the potential impact of tariffs on the automotive supply chain. View Bio 0 Comments Comment Please enter a comment.
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. While inflation in Canada has eased since 2022, consumer inflation expectations remained elevated, leading to reduced spending through 2024.
The conference brought together dealers, vendors and corporate leaders from across the country for strategy sessions, training workshops and a tradeshow highlighting the latest in automotive products and services.
Manufacturers must prioritize rigorous testing and swift response strategies to address defects, safeguard drivers, and restore trust in the automotive industry. million in 2022 to 4.6 As safety concerns continue to mount, the need for stricter quality assurance measures and proactive recall management is more pressing than ever.
Power said dealers have actually lost ground in some areas, noting the average number of days customers must wait for an appointment is longer than it was from 2018 to 2022 and is only slightly better than in 2023 and 2024. Power director of automotive retail John Tenerovich said.
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. “Certainly, a theme that continues through all of the findings is that the first quarter is better than a year ago for sure,” noted Cox Automotive Chief Economist Jonathan Smoke. The current market index score increased year over year. .
That’s according to the latest EV Market Monitor from Cox Automotive , which found narrow gaps between both the supply and prices of used EVs and used internal combustion engine vehicles. This is the lowest the supply of used EVs has been since June 2022 and is only 4 days less than used ICE vehicles. and were 32.1%
Furthermore, AAA said the percentage of consumers indicating they would be unlikely or very unlikely to purchase an EV rose from 51% to 63%, the highest point in AAAs data since 2022. While the automotive industry is committed to long-term electrification and providing a diverse range of models, underlying consumer hesitation remains.
With this agent, Numa has introduced the first pay-for-performance AI in automotive where dealers only pay for appointments fully booked by AI. 2025 marks a transformative moment for the automotive industry as AI agents become integral to dealership operations. Moreover, Numas agents have rescued more than 2.2
The LexisNexis Risk Solutions Automotive Brand Loyalty Mid-Year 2025 Study found overall brand loyalty for new vehicles rose to 53.3% in 2022 and is closing in on the pre-COVID 54.3% The report cited Cox Automotive data showing the average new vehicle cost $48,907 in June, up 1.2% through June 30, up 1.2 level of 2019.
In Cox Automotives recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for whats ahead. As a result, leasing dropped precipitously in 2021 and 2022, and bottomed out in the fourth quarter of 2022. Incentives bottomed in Q4 2022, and what peaked at the same time?
Hankook reports that 20% of consumers plan to buy or lease an EV within the next year, up from 8% in 2022; Millennials are leading in considering hybrid and EV ownership at 36%, followed by Gen X at 35% and Gen Z at 32%; While gas savings remain an appealing benefit, the percentage citing this has declined from 58% in 2022 to 36% in 2024.
In partnership with NAPA, ShopOwner, the Babcox Media brand serving professional independent automotive shop owners, is recognizing and celebrating the vital role of mentorship in the automotive service industry. Because the person matters more than the profession, Whippo doesn’t limit his mentorship to only automotive students.
auto industry saw production drop from 17 million vehicles in 2019 to fewer than 14 million in 2022. According to Cox Automotive , dealers only have a 32-day supply of these models, down from a 38-day supply a year ago and an industry average of 42 days. Thus, its hard to say whats in store for the rest of 2025.
In partnership with NAPA, ShopOwner, the Babcox Media brand serving professional independent automotive shop owners, is seeking to recognize and celebrate the vital role of mentorship in the automotive service industry. Meet our June candidates!
Joey Hughes, who served at the helm of the worlds largest automotive wholesale auction and Manheims flagship location, Manheim Pennsylvania, since 2016, has been named regional vice president for Manheims East Region. Hanshaw is a 2024 AutoSuccess Women at the Wheel honoree and an active member of NAAA and ADIAB.
New data from Cox Automotive, NADA, BCG and others confirm the wholesale-auction model no longer pencils for most franchised dealers. Cox Automotive Inc.) Cox Automotive Inc., million in 2022 (~29% of all used sales in 2022, 33% in 2023) and, per NIADA/Cox, volume math is on pace to hit the 40% mark in 2025.
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). The index was down 24% yearly and had reached its lowest since July 2022. Expectations for inflation in one year increased to 6.6%
The list of cars affected by the recall includes some 2023-2025 S60, 2024-2025 V60, 2025 S90, 2022-2026 XC60, 2020-2026 XC90, 2023-2024 XC40 plug-in hybrids, as well as the 2023 C40 , 2024-2026 EX40 and 2025 EC40 fully electric vehicles. The latest software update for Volvos with an Android Automotive OS (AAOS version 3.6.4)
The report noted auto dealerships reported their first quarterly earnings increase since 2022, with the seasonally adjusted annualized rate of sales up while inventory remained tight, with created sustainably high gross margins, Kerrigan Advisors said. million this year.
INDUSTRY AVERAGE TRANSACTION PRICE VERSUS INDUSTRY AVERAGE INCENTIVE SPEND AS % OF ATP “’Tis the season for automakers to make their final push for 2024 sales,” said Cox Automotive Executive Analyst Erin Keating. New-vehicle incentives have been climbing for more than two years after hitting a floor in the Fall of 2022.
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