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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.
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
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.
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
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?
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.
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.
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. 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.
Autonomous vehicles are leveling up and as these vehicles continue to evolve, a new report highlighted the advancements and challenges in vehicle autonomy. Level 3, however, permits hands-off and eyes-off driving, shifting collision liability to vehicle manufacturers. Level 4 Robotaxis are operational in multiple U.S.
Canada’s automotive aftermarket is seeing a slight decline in 2024 with one group warning of long-term challenges ahead, especially as fewer new vehicles require gasoline as their sole source of power. But numbers dropped in the first half of 2024. Currently, ZEVs make up 2.6 Currently, ZEVs make up 2.6 per cent drop.
Used vehicle values have trended downward on both sides of the border in recent months. Canada Black Book’s Used Vehicle Retention Index reported values in November at 150.2, meaning used vehicles aged … The post What will be the story for used vehicles in 2024? appeared first on Auto Service World.
Light trucks have extended their domination in the new vehicle market, continuing to account for the vast majority of sales. At the same time, the luxury vehicle market is retreating, according to data from DesRosiers Automotive Consultants. But the luxury market is stumbling, proving to be a weak spot in 2024. per cent and 1.7
The Canadian automotive aftermarket showed resilience in 2024, despite ongoing challenges, according to new survey results. 2024 was no exception with most aftermarket retailers seeing robust sales increases. 2024 was no exception with most aftermarket retailers seeing robust sales increases.
While there was a decline in new vehicle sales in February, the month was viewed positively by industry analysts. per cent drop from the same month in 2024. That puts the seasonally adjusted annual rate at two million vehicles. administration, in its announcement of Februarys sales data.
While electric vehicles (EVs) continued to appeal to Canadian car shoppers in 2024, widespread adoption remains low, according to data from AutoTrader. The data revealed that search interest in EVs grew by nine per cent this year, yet still represents just eight per cent of total vehicle searches on the platform.
This year marks a significant turning point in the journey of electric vehicles. Understanding these trends is crucial for aspiring mechanics and technicians specializing in hybrid and electric vehicles. 2024 is anticipated to witness more technological strides, enabling EVs to achieve substantially longer ranges.
The once-dominant domestic nameplates in the light vehicle aftermarket have seen a steady decline in the U.S. By 2024, domestic nameplates VIO will have dropped by more than 10 million over the past decade, despite the nations overall VIO increasing by nearly 40 million.
Despite ongoing economic challenges, Canadians are demonstrating resilience in their vehicle purchasing habits, according to new research from AutoTrader. While the economic landscape remains challenging, with high interest rates, gas and vehicle prices influencing decisions, Canadians are adapting.
Despite a slight increase in trust, the majority of drivers remain wary of self-driving vehicles. According to AAAs latest survey on autonomous vehicles, only 13 per cent of U.S. drivers would trust riding in a self-driving vehicle. However, that is up from 9 per cent last year.
While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 Thats in comparison to new vehicle prices coming in at $65,317 that month, a drop of 2.9 Dealers are split on their primary sources of vehicles.
Power reveals a noticeable decline in vehicle dependability three years post-purchase, marking a concerning trend for vehicle owners across the U.S. The 2024 U.S. A recent study by J.D.
A new report covering the first half of 2024 shows that value-focused car brands like Toyota, Kia and Hyundai gained traction as consumers leaned toward practicality amid steady inflation and increased manufacturer incentives. Steady inflation led consumers to adopt a pragmatic approach to car buying in early 2024.
The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”
Many training sessions are scheduled for pros of all stripes, from solving vehicle issues, diagnosis strategies, selling strategies for service advisors and management advice for owners. The post Updates from AAPEX & SEMA 2024 appeared first on Auto Service World. You can also head to our Instagram page.
As auto mechanic schools see hybrid technology evolve, the automotive industry is shifting toward more sustainable, powerful, and efficient vehicles. One standout in the hybrid category this year is the 2024 Kia Sportage Hybrid. of torque for the Hybrid Electric Vehicle (HEV) version, and up to 261 horsepower for the PHEV model.
New vehicle sales for January 2024 were the highest they’ve been in the last couple of years, according to DesRosiers Automotive Consultants. Year over year, the gain was about 15 per cent as monthly sales went from about 98,000 in … The post Year starts strong for new vehicle sales appeared first on Auto Service World.
As the age of cars and light trucks continue to rise, vehicle odometer readings continue to climb, driving growth in the aftermarket for internal combustion engine (ICE) vehicles. According to Lang Marketing’s latest report, “Soaring Odometers Boost ICE Aftermarket,” light vehicles in the U.S.
The future of fuel cell electric vehicles remains uncertain as the automotive industry continues to evolve, a new report highlighted. While battery electric vehicles (BEVs) have seen significant growth in model availability, sales, and charging infrastructure, FCEVs have struggled to keep pace. appeared first on Auto Service World.
While new vehicle sales have seen growth in the first quarter of 2024, there is a more nuanced story happening at the segment level. DesRosiers Automotive Consultants has found significant … The post Luxury, mass market vehicle sales diverge appeared first on Auto Service World.
There has been a recovery in new vehicle sales, an important signal for the future of the automotive aftermarket. DesRosiers Automotive Consultants reported February 2024 new sales were the highest ever for the … The post Will new vehicle sales growth eventually drop off? But how much longer can it last?
Zero-emission vehicle sales in Canada reached record highs in the last quarter of 2024. According to S&P Global Mobilitys latest Canadian Automotive Insights , the countrys ZEV market continued its rapid growth in the fourth quarter of last year 2024, reaching a national penetration rate of 18.9 per cent for 2024, up from 8.8
You can view the digital edition of the Winter 2024 by clicking here. Inside you will find the cover feature looking at what the Canadian electric vehicle landscape currently looks like. Third-quarter data showed an even bigger surge in EVs as new vehicle registrations.
The vulnerabilities of connected vehicles and the steps drivers and manufacturers can take to mitigate the risks. Types of automotive cybersecurity risks Todays smart vehicles increasingly rely on software, connectivity, and complex computer systems, opening them up to a range of cybersecurity threats.
Canada’s goal of having electric vehicles (EVs) make up 60 per cent of new vehicle sales by 2030 is increasingly looking unattainable, according to the president of the Global Automakers of Canada, and its keeping his members awake at night. trillion committed to the transformation.
Canadian used vehicle prices have stabilized in recent times but still remain elevated. Meanwhile, electric vehicle pricing is still higher than what would be considered affordable to consumers. Turning to electric vehicles, Ross discussed the complexities of value retention for EVs and plug-in hybrids.
It seems pent-up demand for new vehicles is dissipating and new vehicle sales numbers are reaching a level of concern. Canadian new light vehicle sales in May 2024 reached 169,000 units, according to DesRosiers Automotive Consultants.
The Toyota Highlander has been named Canada’s most stolen vehicle of 2023, replacing the Honda CR-V, which held the top spot for two consecutive years, according to Équité Association’s annual ranking. In May 2024, Public Safety Canada announced its National Action Plan on Combatting Auto Theft, which Équité said marked a turning point.
The Consumer Electronics Show (CES) 2024 has come and gone, leaving in its wake a plethora of innovations and advancements, particularly in the field of automotive technology. Here’s a recap of the most compelling automotive tech trends from CES 2024 for students and professionals in the field.
As the calendar turns towards 2024, the industry is going through changes and developments influenced by technological innovation, environmental concerns, and changing consumer behaviors. The demand for skilled mechanics has been steady, driven by the consistent need for vehicle maintenance and repair.
According to the Dearborn-based manufacturer, approximately 273,789 vehicles may leak brake fluid over front brake lines that may come into contact with the engine air cleaner outlet pipe. The affected population comprises 223,315 units of the 2022 through 2024 model year Ford Expedition and 50,474 examples of the 2022 t.
The Volkswagen Group of America has issued two recalls over Q5 vehicles produced with 2.0-liter Comprising 2022 through 2024 models produced for the US and Canadian markets, the recall population totals 106,280 vehicles. liter turbocharged I4 engines with potentially loose cylinder head cover screws.
A career as a mechanic offers a unique blend of challenges and rewards, providing the opportunity to work on cutting-edge automotive technology while ensuring the reliability and performance of vehicles that people depend on every day. Let’s explore some skills that would make you a strong candidate in 2024.
Employment in the motor vehicle manufacturing industry decreased by 1.8% The performance of the aftermarket sectors in generating employment was remarkable in 2024, said Andrew King, DesRosiers managing partner. compared to October 2023, bringing the total to 35,900. increase over October 2023, reaching 159,100.
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