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How Canadian new vehicle sales fared in 2024

Auto Service World

The Canadian light vehicle market saw a significant rebound in 2024, with overall sales reaching an estimated 1.86 The year began with exceptionally strong sales in January and February, which DesRosiers credited to pent-up demand as consumers were finally able to purchase vehicles they had been waiting for. million units.

Vehicle 276
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New vehicle sales stay hot in November

Auto Service World

Canada has sold more new vehicles this year than last year with one more selling month to go. Stats from DesRosiers Automotive Consultants show that November 2024s new vehicle sales numbers were almost 9 per cent better than the same time last year. The consultancy estimated that 156,000 were sold in November 2024, up 8.8

Vehicle 246
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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Automotive data company Cloud Theory reported this month that new vehicle inventory was up 23 per cent in 2024. Now the lots are full.

Vehicle 277
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Why more dealer incentives could be coming to new vehicles

Auto Service World

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. These findings are part of Cloud Theory’s report On the Horizon: 2024 Review and 2025 Outlook that was released recently. New vehicle inventory reached 3.23

Vehicle 243
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New vehicle sales start the year strong

Auto Service World

Last month saw the highest number of new vehicle sales in January since 2018. Tariffs could kickstart a recession and even higher vehicle prices , experts have warned. Or, alternatively, was January’s performance setting the stage for another solid year in new vehicle sales, continuing a multi-year trend?

Vehicle 270
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Why Canadians are choosing more practical vehicles

Auto Service World

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.

Vehicle 278
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Announcing the 2024 Shop of the Year

Auto Service World

View this post on Instagram A post shared by Cars Magazine & Jobber News (@autoserviceworld) Maidens also placed a priority on training, from keeping staff up to date on the latest vehicle issues to keeping an eye on electric vehicles. The post Announcing the 2024 Shop of the Year appeared first on Auto Service World.