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How a lack of off-lease vehicle is hurting the used market

Auto Service World

This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the used car market. The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market.

Vehicle 274
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Where interest is growing as EVs tail off

Auto Service World

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.

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The ‘horror story’ of the used vehicle market

Auto Service World

So when examining whether or not manufacturers will start to bring those vehicles into showrooms as used cars, its not a bright picture. So with that top of mind as well, we’re seeing those numbers decline up to 2027; 2028 we see it pick up, he said. He noted that his group looks at the market on a 48-month level.

Vehicle 130
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Nokian Tyres Releases 2024 Report, Reveals 9.9% Increase in Net Sales

Tire Review Magazine

The factory primarily manufactures passenger car tires for the Central European market. Once it reaches full capacity by 2027 , it will produce up to 6 million tires annually. Passenger Car Tires showed a 19.4% Nokian Tyres said it made major strides in 2024 , focusing on growth, sustainability, and product innovation.

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Tariffs, Total Losses, and Tech: What’s Reshaping the Global Auto Insurance Market

Solera

In 2024, Chinese car exports rose over 10%, with a noticeable shift toward European markets (S&P Global, Al Jazeera). billion, Toyota $88 million, and Mercedes will introduce a new vehicle at its Tuscaloosa plant in 2027. This could reshape local competition, production patterns, and consumer pricing. Audi is evaluating three U.S.

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Over-the-TOP Hyper-Targeted Marketing for Automotive Sales and Service

AutoSuccess

The automotive industry faces unique challenges in the digital age, where the car-buying process has significantly evolved. This report delves into the mechanics of OTT, its growth and its specific applications for new car dealers looking to enhance both car sales and service business.

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Lucy Promises Charlie Brown A Rotary-Powered Mazda RX-7 Successor Is Definitely 100% For Sure Coming This Time

Jalopnik

That means the production version of the Iconic SP wont replace the Miata in Mazdas lineup, and instead, well get two Mazda sports cars. Dont expect Mazda to chase the new crop of ultra-powerful EVs with its range-extended hybrid sports car, however. Maybe it would actually happen? Eventually?