This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
There was growth across all areas of retail automotive sales, but caution is being mixed in as uncertainty looms. Used vehicle dealers saw the biggest growth at 11.4 per cent, with new vehicle dealers coming in second at 7.1 Automotive parts, accessories and tires grew 4.7 per cent growth.
Modern vehicles are becoming sophisticated digital hubs on wheels. As in-vehicle entertainment and information systems continue to evolve, technicians must be equipped with both foundational skills and the adaptability to handle cutting-edge features. In-vehicle e-commerce is a trend explored during automotive tech training.
automotive aftermarket is on track for another strong year, with new projections showing the industry will reach US$435 billion in 2025 — and continue growing well beyond that. Consumers will spend $435 billion to repair and maintain their vehicles this year, and future years will surpass pre-pandemic growth rates in dollar terms.”
Cox Automotive showcased new retail and wholesale solutions designed to fuel the future of car buying and selling during NADA Show 2025, the National Automotive Dealers Association’s annual convention, in New Orleans. As noted in its forecast for 2025 , Cox Automotive is expecting further industry growth in the year ahead.
Each competing team will be provided with complimentary access to AAPEX 2025, gratis lodging and $1,000 per team for travel expenses. The labor shortage of auto techs is projected to grow The student competition is among several new features at AAPEX 2025, which opened attendee registration recently. billion vehicles on the road.
Wholesale used-vehicle prices (on a mix, mileage and seasonally adjusted basis) fell in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) dropped to 202.6. “Used retail demand remained strong throughout March, with days’ supply ending at low levels, driving healthy activity at Manheim.
The automotive aftermarket is no stranger to change, but 2025 has brought a perfect storm of economic headwinds that’s testing the resilience of jobbers across Canada. The 2025 CARS Annual Jobber Survey reflects this tension. Biggest challenge If 2024 was a year of adaptation, 2025 has been a year of endurance.
As the first quarter of 2025 ended, all was calm for used-vehicleretail prices. But, Cars Commerce reported in its Q1 2025 Auto Market Review , that might have been the calm before the storm. An early indication might have come in the form of used-vehicle trade-in values, which in March rose 1.9% year-over-year.
DesRosiers Automotive Consultants (DAC), in collaboration with the Automotive Aftermarket Retailers of Ontario (AARO), conducted a survey to understand the sector’s performance and expectations for 2025. 2024 was no exception with most aftermarket retailers seeing robust sales increases.
There was some year-over-year easing in retail used-car prices last month, according to the latest CARFAX Used Car Index report , which showed declines in six of the seven segments included in its analysis. Especially those looking for 3-year-old vehicles, whose average price in the fourth quarter was $29,710, up 3.3% year-over-year.
How economic uncertainty will impact auto service The mechanical automotive service market in Canada faced significant challenges in 2024 and appears poised for continued turbulence as we head into 2025. Reflecting on the macroeconomic environment in 2024, the start of 2024 saw mechanical retail service locations performing well.
As dealers face rising complexity in inventory management, pricing and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools not just to handle data, but to make better, faster business decisions.
Shops need to take time to be strategic as impacts on your business show no signs of slowing down As we are well into the second quarter of 2025, the overarching theme across the automotive aftermarket remains one of continuous change. The agility of the aftermarket has long been one of its defining strengths.
The Reynolds and Reynolds Company announced AutoVision is launching Avery, a brand-new artificial intelligence tool, at the NADA Show 2025. By leveraging the Reynolds Spark AI data layer, Avery provides the most profitable recommendations for any vehicle at any point in time. Suggests a list price for the vehicle.
It provides unmatched analysis of new and used vehicle markets, inventory risk, sales, pricing and consumer trends. Market Outlook: Consumer Sentiment and Sales Trends The auto industry began 2025 with mixed signals and increasing consumer concerns. New vehicle sales declined slightly at the start of the quarter.
After a decline in overall satisfaction in 2024, owners of both premium and mass market battery electric vehicles (BEVs) are expressing a change of sentiment this year, according to a recent study. Power 2025 U.S. Electric Vehicle Experience (EVX) Ownership Study showed that BEVs reached a market share of 9.1 per cent in 2023.
This week, CarGurus released its 2025 Mid-Year Auto Market Review, highlighting five primary points, including the impact of tariff uncertainty, shifting inventory dynamics and evolving consumer preferences on the new- and used-vehicle market. These pressures have amplified what car shoppers demand most: affordability and efficiency.
How will the economy impact customer behaviour in 2025 compared to 2024? We will present their answers in alphabetical order over the coming weeks You can view the full feature in the February 2025 issue. John Cochrane, Executive Director | Automotive Aftermarket Retailers of Ontario The automotive service industry is at a crossroads.
Well, that doesnt exactly appear to be the case one month into 2025. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the Used Vehicle Retention Index came in at 146.3 last month, down 1.2% month-over-month and 2.5%
The Reynolds and Reynolds Company announced it is releasing Appointment AI, the latest artificial intelligence (AI) tool to leverage Spark AI Reynolds unified data layer that connects tools across its entire system at NADA 2025. Customers arent calling because everything is going well with their vehicle.
announced the release of its annual Dealertrack Compliance Guide for 2025 , its 20 th edition. As the automotive industry remains stable yet faces major market shifts in the coming year related to fair financing, vehicle electrification and omnichannel buying, dealers must prioritize compliance to protect consumers and themselves from risks.
In the face of persistent challenges ahead, parts distributors can help ASPs maintain and grow their business Reflecting on the macroeconomic environment in 2024 and the outlook for 2025, the mechanical automotive aftermarket in Canada faced significant challenges in 2024 and appears poised for continued turbulence as we head into 2025.
Dealership service department customer satisfaction was strong in 2024 though a bit less so for owners of electric and plug-in hybrid vehicles. Powers 2025 U.S. Electrified vehicle owners averaged 51 points less among mass-market vehicles and 57 points less in the premium sector, which J.D. In a news release, J.D.
CDK is gearing up for another successful NADA Show 2025 in New Orleans on Jan. As a strategic partner at the center of the automotive retail ecosystem, CDK is uniquely positioned to help businesses respond to the market challenges and opportunities of today and tomorrow. CDK products facilitate over 50% of U.S.
How Dennis Dillon Auto Group Built a Winning Private-Party Buying Program Most car dealers think the best used vehicles are found at auctions. No matter how the market shifts, youll always have a steady channel of vehicles coming in. Realizing that tools exist today that allow them to buy like theyre in 2025 not 1995.
per cent overall in March 2025 compared to the same month last year. per cent, reflecting a modest pullback in retail staffing, according to DesRosiers. Meanwhile, the motor vehicle parts and accessories manufacturing sector — already under pressure — saw a more significant drop of 2.5 New vehicle dealers also saw a 1.4
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? Search Search Telematics Safety Resources More Topics Oct. The index declined to 205.2,
Widewail released its Q1 2025 Automotive Voice of the Customer Report based on 1.4 dealerships during the first quarter of 2025. The report highlights Ford’s surge, electric vehicle (EV) sales improvements and Lexus’ continued dominance in customer perception. This is a retail revolution in motion.”
21-23, 2025 San Diego, CA Popular Topics Fleet in Flux: Costs, Tariffs & Regulations Reshape 2025 Fleet in Focus: Mikhaila Baldwin Inaugural Survey Highlights Fleet Managers’ Top Challenges & Priorities Where Is Fleet Growing? Compared to May 2024, new-vehicle transaction prices were higher by 1.0%. million in April.
but they may be surprised to know that depreciation can be one of the biggest expenses they will encounter while owning a vehicle. Many new-car buyers do not realize that depreciation often is the greatest expense incurred by drivers during the first five years of vehicle ownership. Resale value for new vehicles can vary greatly.
Heres how shops can manage the challenges The mechanical automotive service market in Canada faced significant challenges in 2024 and appears poised for continued turbulence as we head into 2025. In such a scenario, consumers may delay both new car purchases and non-essential vehicle maintenance, further straining aftermarket businesses.
The Reynolds and Reynolds Company announced keynote speakers and workshop details for Reynolds Retail Summit: Amplify 2025. She leads McKinsey’s North American automotive retail and aftermarket service practice. Maurer specializes in growth strategy and performance transformation across the automotive retail industry.
Electrified vehicles including the battery-electric, plug-in hybrid electric and hybrid electric segments made up nearly a quarter of all new-car sales in the U.S. Thats according to the latest quarterly Electrified VehicleRetail Sales Report from Urban Science. New EV sales entered 2025 with a lot of momentum.
Power 2025 U.S. Lexus again earned the award as the best premium brand, while Honda was named the top mass-market brand in the program recognizing vehicle models projected to hold the highest percentage of their manufacturer’s suggested retail price following a three-year period of ownership. ALG Residual Value Awards.
The first quarter of 2025 has delivered new insights into the ongoing digital transformation within the auto finance sector. The supply of new and used vehicles has declined compared to 2024, contributing to higher prices for both retail and wholesale used vehicles.
The analysis of the retail prices of 1.4 of its value from March 2024 to March 2025, topping the Porsche Taycan (15.1%), Ford Explorer Hybrid (14.1%), BMW 5 Series hybrid (13.9%) and Teslas Model Y (13.1%) for the most precipitous fall. million used cars showed the Model S one of four Teslas on the list lost an average of 17.2%
Here’s the problem: Most people pick the wrong SUV because they don’t know how to match their real needs with the right vehicle. Their strategy of offering multiple powertrain options has paid off big time – their electrified vehicle sales jumped 38% in 2024. Why waste time and money figuring out what works?
Reynolds and Reynolds announced its lineup of technological advancements the company and its brands are launching, including its latest iteration of the Spark AI unified data layer, at NADA 2025 in New Orleans. The post Reynolds to Unveil New Innovative Products at NADA Show 2025 appeared first on AutoSuccessOnline.
Surrounded by dozens of custom vehicles sporting Toyo-branded tires and hundreds of people strolling by, turning heads and capturing content, the company’s marketing leadership was beaming in the Toyo Tires Treadpass area of this year’s SEMA Show. It’s made a big difference, as the retail channel is up 17% for us this year.”
For many reasons, optimism is strong for a healthy 2025. million new-vehicle sales for the year, up 1.2% Battery Electric Vehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. S&P Global Mobility projects 16.2 from last year. years last year.
It can even lead a salesperson who’s interacting with a customer who has one year left on their lease to explain what deals are available on new vehicles. Automotive Retail and the Future With all this technology at dealers’ fingertips, where can the industry go from here? At the end of the day, we’re buying cars from human beings.
Tom Castriota addressed the countrys franchised new-car dealers for the first time as the NADA chairman at the NADA Show 2025 , setting the tone for a year of advocacy and emphasizing the community impact of dealerships. auto retail industry and franchised dealer network. auto retail industry and franchised dealer network.
While new-car sales made a significant jump in the second quarter, used-vehicle sales took just a small step up, according to the latest data from Lotlinx. The report cited the affordability gap between EVs and internal combustion engine vehicles as the primary issue in the difference between new and used EV volume. “In
Mavsign’s integration with RouteOne integration transforms the vehicle transaction process by integrating RouteOne’s finance and insurance platform with Mavsign’s advanced remote signing and verification capabilities, delivering unparalleled efficiency and security.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content