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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.”
The Auto Care Association and MEMA Aftermarket Suppliers released the 2025 Joint Channel Market Size and Forecast 2025-2028. aftermarket and forecasts industry growth through 2028. The Auto Care Association and MEMA Aftermarket Suppliers expect growth to exceed pre-pandemic rates and continue through 2028.
trade policies, with new tariffs expected to drag down vehicle sales and disrupt production across the continent. administration’s sweeping 25 per cent tariffs on imported vehicles and parts are already reshaping the automotive landscape. vehicle sales and a sharper 7.5 TD forecasts a 4.0 per cent decline in U.S. In the U.S.,
light-duty aftermarket will grow, with expectations to surpass $500 billion by 2028. 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.” Sales at recreational and used motor vehicle parts and dealers was a small 0.1
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.
Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.
Alpine's next-generation electric vehicle lineup will include a zero-emission revival of the A310. The carparazzi have recently spotted a chassis testing mule of the 2+2 tourer, which is expected to launch sometime in 2028. The A310 test mule is obviously equipped with body panels from the Ligier JS2 R grand touring racecar.
Beontag has partnered with Michelin to integrate RFID-enabled tires into commercial and passenger vehicles over the next two years. This innovative solution ensures compliance with the EU’s Ecodesign for Sustainable Product Regulations (ESPR), which mandate Digital Product Passports (DPPs) for tires by 2028-2030.
This provision could benefit many repair shops that will have to spend significantly on new equipment, tools, machinery, and other costly investments to order to adapt to new vehicle technologies. Current incentives for electric vehicle (EV) purchases and production have led to a sudden surge in EVs on the road. Vice President J.D.
The Murano was supposed to be Nissans first real move into the upscale crossover segment — meant to be a halo vehicle for the brand that lifted the tide of the rest of its model lineup. These days, on-road premium crossovers are almost exclusively electrified vehicles, but the Murano doesnt even have a hybrid option.
Heres what else he told Autocar : Audi is launching from 2024-2026 a completely new line-up of internal combustion engine and plug-in hybrid vehicles, and that gives us complete flexibility for at least another seven, eight, maybe 10 years, and then we will see how our markets develop." A lot of this can be attributed to the U.S.
The legendary Mopar brand was optimistic about its future in recent years, announcing a move to all-electric luxury vehicles by 2028. The Chrysler brand is in dire straits right now as its product lineup has dwindled to a single product, the venerable, but long-in-the-tooth, Pacifica van. Now, with that deadline just Read more.
Many repair shops will have to spend significantly on new equipment, tools, machinery, and other costly investments to order to adapt to new vehicle technologies. Only new vehicles would qualify, and those vehicles must be assembled in the U.S. The Senate’s version would also make it permanent but keep it at 20 percent.
Turns out Maserati will treat the MC20 to electrons in 2025, after which the Modenese automaker will unveil a large sport utility vehicle in 2027. Said utility vehicle is dubbed "E-UV BEV" in the attached r. continue reading. ) Said utility vehicle is dubbed "E-UV BEV" in the attached r. continue reading. )
million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64
million sold vehicles. By 2028, the market is expected to hit over 17 million sold units, or 40% more than this year. Revenue in the electric vehicle market will also skyrocket in this period. This figure is expected to grow by an average of 10% per year and climb to more than $900 billion by 2028. million to 10.64
Lotus recently launched multiple electric vehicle (EV) charging solutions, including an ultra-fast 450 kW DC charger, a power cabinet and a modular unit for charging up to four vehicles at once. Lotus said it has an order booking of over 19,000 vehicles for its Emira sports car and Eletre hyper-SUV.
Chrysler said it will launch its first battery-electric vehicle in 2025 and will feature an all-electric portfolio in 2028. Predictive navigation, one of the concept’s many predictive interaction features, syncs with the driver’s calendar to prepare the vehicle for real-time traffic and navigation routing.
Honda expects that electric vehicle production will begin in 2028. North American EV Strategy Striving to realize carbon neutrality for all its products and corporate activities by 2050, Honda said it set a goal to make BEVs and FCEVs represent 100% of vehicle sales by 2040. Honda Motor Co.,
In recent years, several automakers have expanded the age eligibility limits for vehicles in their respective certified pre-owned programs. Both are good signs, given what S&P Global Mobility discovered about the average age of vehicles on the road. years, the average age of vehicles in the U.S. years compared to 5.3
Believe it or not, Ferrari sold more vehicles than Maserati last year, and the exotic Italian automaker Lamborghini wasn't far behind. For the latter, the future looks brighter than ever – both in the real world and across Imagination Land. continue reading. )
These include vehicle wrapping film, paint protection film and tinted automotive window film. For example, Avery Dennison offers a comprehensive training program separately covering vehicle wraps , paint protection film and automotive window film applications. CAGR during the 2021-2028 forecast period ( Grandview Research ).
The numbers provided by Market Trends & Insights Mastery, say that on a global level no less than $14 billion worth of such vehicles have been sold in 2022, and prospects are the market will reach a staggering $21 billion by 2028. continue reading. )
Also, scan the entire vehicle for codes. According to Ford TSB 20-2028, apply 508 mm-Hg (20 in-Hg) of vacuum. This is typically due to a partial vacuum being applied to the IWE. Partial engagement can cause rapid wear to the splines on the axle and wheel bearing hub unit. As a result, there might be increased noise levels. mm-Hg (0.5
Also, scan the entire vehicle for codes. According to Ford TSB 20-2028, apply 508 mm-Hg (20 in-Hg) of vacuum. This is typically due to a partial vacuum being applied to the IWE. Partial engagement can cause rapid wear to the splines on the axle and wheel bearing hub unit. As a result, there might be increased noise levels. mm-Hg (0.5
Indian tire demand is expected to grow by a compounded annual growth rate (CAGR) of more than 7% during the next five years to reach 290 million units in the 2028 financial year. billion by the 2028 financial year. Vehicles such as buses and trucks require robust and durable tires to handle heavy loads and endure long-distance travel.
On its side, Maserati said it has a commitment to produce electric versions of all its models by 2025 and full-electric vehicles alone by 2028. “We both have a strong commitment to accelerate the transition to electric vehicles; it’s a great moment to see our collaboration break new ground in electric mobility.”
On its side, Maserati said it has a commitment to produce electric versions of all its models by 2025 and full-electric vehicles alone by 2028. “We both have a strong commitment to accelerate the transition to electric vehicles; it’s a great moment to see our collaboration break new ground in electric mobility.”
A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. By 2033, 90% of all vehicle shoppers will have electric vehicles on their lists.
AppraisalPRO officially launched, laser-focused on revolutionizing the vehicle appraisal industry with AI training on its vast proprietary database that’s designed to provide new and used car dealers nationwide with the market’s most powerful tool for optimizing trade-in values. “We remove the guesswork.
million vehicles annually, according to the South African Automotive Masterplan (SAAM) 2021–35. Ranging from 7.18% to 43.60%, anti-dumping duties will remain in place until July 2028. Economic growth in the current and next year is also expected to be muted. in 2024 and 1.6% in 2024 and 1.3%
million vehicles annually, according to the South African Automotive Masterplan (SAAM) 2021–35. Ranging from 7.18% to 43.60%, anti-dumping duties will remain in place until July 2028. Economic growth in the current and next year is also expected to be muted. in 2024 and 1.6% in 2024 and 1.3%
The United States Postal Service (USPS), in conjunction with White House officials, recently unveiled electric vehicle (EV) charging stations at its South Atlanta Sorting and Delivery Center (S&DC). Postal Service, America’s electric vehicle industry, workers and the environment,” Mallory stated.
The lander (which sets down on Mars), ascent vehicle (which launches back out to space from the surface), and Earth entry system (which gets through Earth atmosphere on the voyage home) will all be downsized. That caused the space agency to solicit proposals for a cheaper solution back in 2024, including from Lockheed. Or will they?
Beontag has partnered with Michelin to integrate RFID-enabled tires into commercial and passenger vehicles over the next two years. This innovative solution ensures compliance with the EU’s Ecodesign for Sustainable Product Regulations (ESPR), which mandate Digital Product Passports (DPPs) for tires by 2028-2030.
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