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Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotivemarket, according to analysis from AutoTrader.
The automotive industry is undergoing a significant transformation as digital technologies reshape the way vehicles are bought and sold and dealers need to keep pace or lose relevancy. The transition to online car buying has fundamentally altered consumer expectations, observed Madhuchhanda Palit, automotive analyst at GlobalData.
Madhuchhanda Palit, automotive analyst at GlobalData, noted that leading automotive manufacturers are actively engaging in substantial sustainability initiatives. Companies like Toyota, Mazda and Honda have begun integrating recycled plastics into their vehicle production.
In 2024, dealerships face a challenging landscape, with revenue and new car sales on the decline. However, amid these challenges, used vehicle sales present a bright spot. One of the most impactful areas for improvement lies in reconditioning and how efficiently vehicles are turned.
Electric vehicle (EV) sales are continuing to grow, but the once-rapid pace of adoption is beginning to slow as the market reaches a new stage of maturity. last year and set new highs in the percentage of vehicles sold in Canada in 2024, including BEVs making up about 18 per cent of sales in December.
He noted that the aftermarket has a bigger impact on the average consumer than the new vehiclemarket — and most people aren’t even in the market for new vehicles as they can’t afford them. The 2025 CARS Annual Jobber Survey reflects this tension. And then there’s the issue of pricing.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used carmarket is also seeing an influx of these eco-friendly vehicles. This can result in significant savings to the wallet.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used carmarket is also seeing an influx of these eco-friendly vehicles. This can result in significant savings to the wallet.
New-car inventory is falling while prices are elevated and likely to rise more as the tariff era continues. And that’s good news for the used-car sector. The used-vehicle sector is continuing to benefit from the turbulence in the new-vehicle marketplace,” ZeroSum vice president of dealer success Josh Stoll said.
As the automotive landscape shifts dramatically towards electrification, two of Japan’s automotive giants, Honda and Nissan, have made headlines with a groundbreaking new deal in automotive training. Under this partnership, both companies will collaborate on core EV components and develop new automotive software platforms.
The car buying process has traditionally been a daunting and time-consuming experience, often fraught with confusion, haggling, and uncertainty. However, in recent years, CarGurus has emerged as a game-changer, revolutionizing the way people buy cars. Buyers often feel uncertain about whether they are getting a fair deal.
According to Cox Automotive, the new vehicle inventory supply is near its highest point since June 2020. Although the 2024 market outlook remains positive with an estimated 15.4 Ramping up Marketing Dealers are shifting strategies to address these challenges. The secret lies in first impressions.
Steering through the world of second-hand vehicles can be tricky, especially when finding a dealer you can trust. Brisbane, with its bustling automotivemarket, offers plenty of options. This, however, can make your car buying journey more challenging. So, how do you separate the wheat from the chaff?
Photo Source Dealing with a vehicle thats no longer worth fixing can quickly become a frustrating experience. Between confusing paperwork, inconsistent offers, and unreliable buyers, getting rid of a junk car may seem more complicated than it should be. Before contacting buyers, locate your vehicle title and a valid state-issued ID.
In today’s economic climate, consumers are grappling with extreme inflationary pressures affecting vehicle ownership. Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. The Impact of Inflation on Vehicle Ownership Inflation creates significant increases in the cost of vehicle ownership.
Here’s more evidence the used-carmarket is a complex place nowadays. The entire report that offers insights into the current state of the automotive retail market for both new and used vehicles, inventory risk, vehicle sales, consumer preferences and markdown/pricing strategies can be downloaded here.
Despite facing many challenges, the global automotive industry performed well in 2023, according to JATO Dynamics. JATO data and estimations showed that for 151 markets across the world, a total of 78.32 million new passenger cars were sold last year. Every region, except Africa, saw demand for new cars increase.
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics If you are looking for a new or used car, you might be wondering how to get the best deal possible. How can you make sure that you are getting a fair price and a reliable vehicle? One way to do that is by using automotivemarket analysis.
Cars Commerce’s latest look at the used-vehiclemarket is an old story. As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. from last year, while cars in the $10,000-$19,000 range, averaging 7.3
Back in the early days of his career, Jose Mendoza was simply looking for an office job at a local car dealership. He yelled that I should sell cars instead of work in the office. The onset of COVID-19 also brought unprecedented changes, especially in managing their used vehicle inventory. He yelled at me!” Mendoza exclaimed. “He
News & World Report , which named Lexus — the brand that introduced CPO in 1996 — as the Best Certified Pre-Owned Program in its 2025 Best Vehicle Brand and Best Certified Pre-Owned Program awards. The vehicle scores were derived from the U.S. The post Lexus still first in CPO, wins 8th straight U.S.
It was good news, bad news for the retail used-carmarket in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. These are just some of the trends and data shared in the inaugural monthly Industry Insights Report from Cars Commerce released Thursday. Used-car demand fell 7.6%
The automotive industry faces unique challenges in the digital age, where the car-buying process has significantly evolved. Over-the-TOP (OTT) Hyper-Targeted marketing offers a compelling solution, enabling dealerships to engage potential buyers effectively by leveraging streaming media.
That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehiclemarket, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. Furthermore, the composition of available inventory in the used vehiclemarket is forecasted to shift.”
The Japanese company has always been primarily oriented to small automobiles and big commercial vehicles. Still, it also had an exciting presence on the US automotivemarket's main scene – up until 2009. continue reading. )
As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.
Canada’s dynamic job market changes all the time but if you’re interested in a career in automotive detailing, you can look forward to your skills being consistently sought after. Auto detailers do much more than keep vehicles clean. Many are unaware that many aesthetic components of a car are designed to improve its function.
All Rights Reserved Teslas Robotaxis Are Going Poorly Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise Culture The Morning Shift Teslas Robotaxis Are Going Poorly By Amber DaSilva June 26, 2025 10:32 am EST Tesla Happy Thursday! Volkswagen Group, Hyundai Motor Co.
All Rights Reserved What Car Should Be A Convertible? All Rights Reserved What Car Should Be A Convertible? Latest News Reviews Brands Car Types Buying Culture Tech Beyond Cars Racing QOTD Features Newsletter Advertise QOTD What Car Should Be A Convertible? What car should be made available as a convertible?
In 1908, Ford put the Model T into production, giving America its first mass-affordable vehicle. Since then, the automotivemarket has gone through dramatic shifts as it embraced new technologies and government regulations. And while thousands of nameplates have come and gone, some survived for decades. continue reading. )
As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 AutomotiveMarket Report , the automotivemarket has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The used vehiclemarket also saw growth in hybrid and EV sales.
Its smooth lines and on-road focus have made it a bit of an odd man out in todays automotivemarket, which clearly favors boxier, off-road-focused crossovers. The market says no, thank you Nissan The real issue the Murano faces is the idea that its sort of in a no mans land when it comes to todays automotive landscape.
These shiny marvels can significantly enhance your vehicle’s performance too. Did you know that chrome rims are a top choice among car enthusiasts worldwide? Back then, car enthusiasts around the world coveted these shiny accents, deeming them a luxury. You see them parading in car shows, glittering in auto magazines.
The Mechanic Doctor - Resources for Amateur and Pro Auto Mechanics When purchasing pre-owned vehicles, having a detailed history report is crucial. While Carfax is a well-known option in the United States, Canadian consumers and dealers seek reliable alternatives that cater to the Canadian market. taxi, rental, lease), and many more.
AISIN had a range of tires on display in the booth under the AITERRA brand name, including the AIECO EC50 tire for passenger cars, the AICROSS CR60 for SUVs and the AIWAGON WA70 for delivery van applications. There also was plenty of talk about the future of the automotivemarket and the impact of new vehicle technologies.
AISIN had a range of tires on display in the booth under the AITERRA brand name, including the AIECO EC50 tire for passenger cars, the AICROSS CR60 for SUVs and the AIWAGON WA70 for delivery van applications. There also was plenty of talk about the future of the automotivemarket and the impact of new vehicle technologies.
Unfortunately, it seems that Americans don't care much about buying American sports cars. During the first quarter of the year, a difficult one for this category of vehicles offered on the US automotivemarket, ( continue reading. ) Sadly, they like them but don't want to pay the premium for them anymore.
Rolling resistance, durability and overall comfort all play a huge role in tire design, but these characteristics are under a bright-hot spotlight in the context of electric vehicle tires.
“By harnessing the power of deep learning and our proprietary gated data, we’re enabling dealers to make more informed decisions, reduce risks, and ultimately increase profitability in today’s rapidly changing automotivemarket.”
Whether it’s personalized customer service, unique vehicle offerings, or community involvement, carve out a niche that sets you apart from the more prominent players. Leveraging Niche Markets Identify niche customer segments and tailor your marketing efforts accordingly. Monitoring and Adapting The automotivemarket is dynamic.
In today’s discussion, Maddie Weiner speaks with Yarone Saghiv, CMO of UVeye, about their innovative vehicle inspection technology and recent partnership with General Motors. UVeye systems, likened to an “MRI for your car,” are now installed in over 300 U.S. Watch the video above to learn more about this and more!
While Gen Z currently constitutes a small segment of the automotivemarket, making up 26% of the global population, as more of them become driving age, their influence will grow. This is a pivotal moment for the automotive industry. To do this, the perception of used-car parts need to change.
Xiaomi is the first tech giant that plans to launch a car, and compared to rival Huawei, which partnered with traditional carmakers for an expansion in the automotivemarket, the Chinese tech behemoth wants to build the vehicle from scratch. And it did, as ( continue reading. )
The workers, though, still face uncertainty in the face of a shifting automotivemarket. As manufacturers transition to electric vehicles, those workers need to know they won’t be left out in the cold, and those assurances are still forthcoming. The United Auto Workers strike has — tentatively — ended. Read more.
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