Remove 2027 Remove Car Remove IT
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

The Next Supra Will Actually Be A Toyota Rather Than A Reskinned BMW

Jalopnik

The sixth-generation model is expected to come around sometime in 2027, and its going to be powered by a Toyota-built turbocharged 2.0-liter liter inline-four hybrid that is said to put out around 400 horsepower, according to a Best Car report reviewed by Forbes. Best Car says it will sit on a rear-wheel-drive platform.