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Aftermarket employment sets records

Auto Service World

compared to October 2023, bringing the total to 35,900. increase over October 2023, reaching 159,100. But it was good new for those in the aftermarket, according to DesRosiers Automotive Consultants, including setting new records. Employment in the motor vehicle manufacturing industry decreased by 1.8%

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How Canadian new vehicle sales fared in 2024

Auto Service World

million units sold in 2023, according to DesRosiers Automotive Consultants. per cent sales increase over 2023. The Canadian light vehicle market saw a significant rebound in 2024, with overall sales reaching an estimated 1.86 million units. Thats an 8.2 per cent increase from the 1.72 While we would never take a gain of 8.2

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Here’s how Canadians are approaching car buying

Auto Service World

However, 53 per cent of Canadians believe their financial situation will improve in the next six months, marking an increase from 45 per cent in 2023. SUVs remain a dominant force in the market, with AutoTraders data showing that SUVs account for 40 per cent of all vehicle searches in 2024, up from 38 per cent in 2023.

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Odomoters keep rising, boosting aftermarket

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averaged approximately 14,000 more odometer miles in 2023 than they did 10 years earlier. By 2023, this figure had increased by over 10 per cent, meaning each mile driven in 2023 generated more aftermarket product use than ten years earlier. The average age of a vehicle in the U.S. In Canada, the average age is 10.5.

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2023 Rimac Nevera Fails To Sell, $1.27 Million Bid Falls Way Short of $2.33 Million MSRP

autoevolution

This 2023 Rimac Nevera is car no. 6 of a planned 150 units, and it comes with a pearlescent Nevera Blue over blue leather configuration. It was delivered new to Ohio-based Triple F Collection, with Rimac founder and CEO Mate Rimac in attendance. continue reading. )

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This 2023 Ford F-150 Raptor R Cost $111,350 New, Just Sold at Auction for Over MSRP

autoevolution

This 2023 Ford F-150 Raptor R SuperCrew is rocking an Avalanche exterior with Raptor R graphics and a supercharged 5.2L Back in 2023, this came with a sticker price of $111,350. V8 under the hood. It recently sold at auction for $115,500 despite having 2,100 miles on the clock.

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Aftermarket faces challenges as market softens

Auto Service World

Looking ahead, King cautioned that lower vehicle sales from 2019 to 2023 could bring challenges for certain aftermarket sectors later in the decade. This sustained spending suggests that Canadians continue to prioritize the upkeep of their vehicles despite economic headwinds.