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As the automotive industry accelerates towards hybrid and electricvehicles (EVs), a new challenge has emerged: a significant shortage of qualified hybrid and electricvehicle mechanics to service these advanced vehicles. Hands-On Training: Practical experience is a cornerstone of ATC’s approach.
The Canadian automotivemarket is charting a distinct path compared to its southern neighbour, with electricvehicle adoption outpacing the United States and unique trends emerging in consumer preferences and the aftermarket.
Electricvehicle (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.
These factors, it noted, are shaping the automotivemarket and pushing the industry towards a more connected and autonomous future. By 2030, the industry will witness an influx of brands leveraging expertise from the electronics and software sectors, driving the development of connected and autonomous vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.
Inventory levels for both new and used vehicles saw increases in carryover units, and aged inventory continues to weigh heavily on dealership profitability. At the same time, pricing trends are shifting, and the once-rapid adoption of electricvehicles (EVs) appears to be slowing. For more information, visit www.lotlinx.com.
Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotivemarket, according to analysis from AutoTrader.
Inventory levels for both new and used vehicles saw increases in carryover units, and aged inventory continues to weigh heavily on dealership profitability. At the same time, pricing trends are shifting, and the once-rapid adoption of electricvehicles (EVs) appears to be slowing.
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. Prepare to take advantage of career opportunities after automotive technology training.
The electricvehicle (EV) revolution is in full swing, and it has a fascinating global battleground for market dominance. As seen in automotive school , Tesla has long been a household name, and a new wave of Chinese automakers are challenging the status quo.
As we look back on Q3, the automotivemarket has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. For more information, visit www.lotlinx.com.
“Volkswagen and Škoda are major players in the global automotivemarket, and this partnership underscores our commitment to providing top-tier tires for premium vehicles. This strategic move highlights the technological capabilities of Kumho Tire and its growing presence in the premium tire market.
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 electricvehicle tires.
Access to Cutting-Edge Industry Insights NADA Show provides dealers access to the latest trends in automotive retail, including shifts in consumer behavior, advancements in technology and regulatory updates. This not only attracts environmentally conscious buyers but also positions the dealership as a forward-thinking player in the market.
The workers, though, still face uncertainty in the face of a shifting automotivemarket. As manufacturers transition to electricvehicles, 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.
The South Korean automaker Kia is one of the most prolific brands across the automotive industry and that's also valid across the all-electric spectrum. Alongside Hyundai, Kia has decided to flood the automotivemarket with small and expensive, big and small all-electricvehicles to help w.
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.
In fact, Europe was the fastest-growing market in 2023 as a result of booming demand in Turkey, the region’s fourth-largest market, ahead of Spain. In addition to this, the strong push from the local authorities to incentivize demand for electricvehicles (EVs) also contributed to accelerated sales, JATO data found.
Brookdale Community College has secured a grant totaling $561,318 from the National Science Foundation to pioneer the ElectricVehicle Education for New Jersey (EVE-NJ) project. As the automotive industry rapidly transitions towards electricvehicles, this grant represents a pivotal investment in preparing the workforce for the future.
John Howard, who is director of product management with Experian Automotive, returned for another visit on the Auto Remarketing Podcast. This episode focused on Experian’s latest look at automotivemarket movements, how much riper that aftermarket “sweet spot” is now and loyalty trends with hybrid and electricvehicles.
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 electricvehicle tires.
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 electricvehicle tires.
The study’s results are based on a survey conducted in the second half of 2023 of 2,493 vehicle owners — including 182 electricvehicle owners — who had at least one service performed in the previous 12 months, accounting for more than 5,500 service visits. for the average gas vehicle. times with 2.8
Not surprisingly given the recent price drops among electricvehicles, the Tesla Model Y was at the top of the list of popular models with falling trade values, losing $7,771 — 21.8% year-over-year and 13.3% from August 2022. of its previous value — over the past year for a 3-5-year-old.
Battery electricvehicles specifically made up 17.8 per cent of new vehicle registrations in December alone. per cent for 2024 and Plug-in hybrid electricvehicles ended the year with 3.9 per cent market share. Government incentives are playing a critical role in driving electricvehicle adoption.
In the wake of the global pandemic, the automotive industry has been riding through a storm of unprecedented challenges and transformations. 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 electricvehicle sector.
“Volkswagen and Škoda are major players in the global automotivemarket, and this partnership underscores our commitment to providing top-tier tires for premium vehicles. This strategic move highlights the technological capabilities of Kumho Tire and its growing presence in the premium tire market.
On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5 billion towards expanding the country’s electricvehicle (EV) charging infrastructure through the Infrastructure Investment and Jobs Act (IIJA) passed in 2021. It has also spent $78.4
On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5 billion towards expanding the country’s electricvehicle (EV) charging infrastructure through the Infrastructure Investment and Jobs Act (IIJA) passed in 2021. It has also spent $78.4
For many dealers, their profits will also be affected by higher floor plan costs and the need to invest in infrastructure to support the growing sales of electricvehicles. In the ElectricVehicleMarket, 2024 Will Be the Year of More – More Models, More Incentives, More Discounting, More Advertising, and More Sales Muscle.
In the face of uncertainty in the automotivemarket, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Of course, that’s not necessarily a good thing.
For instance, if the customer data platform indicates a growing interest in electricvehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.
For instance, if the customer data platform indicates a growing interest in electricvehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.
When it comes to vehicles, hockey fans trend toward larger vehicles and premium German brands, which AnalyticsIQ said fit the snowbelt lifestyle and communicate quiet wealth, while basketball fans trend toward sporty sedans, electricvehicles and urban-friendly vehicles.
New and used vehicle inventories both grew in Q4 as dealers prepared for the holiday season. Hybrid vehicles emerged as a standout performer, with sales increasing by 23% quarter-over-quarter (QoQ), now representing 22% of all new vehicle sales. Click here to access the full Q4 Quarterly Vincensus Report.
These partnerships are advancing autonomous driving, connectivity, and electrification, shaping the future of the automotivemarket, it said. The entry of Chinese original equipment manufacturers into established markets like North America and Europe is expected to intensify competition.
OEMs see the electricvehiclemarket growing, though not as quickly as they originally thought, with 80% saying the markets transition to EVs is going slower than they had planned. And 60% expect the EV market share to surpass 10% by the end of 2025 and 14% project it to be greater than 20%.
The automotivemarket has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release.
The biggest delay in the adoption of battery electricvehicles is due to elections south of the border, according to a recent report. Roland Bergers Q1 2025 forecast pinned delays on the Trump administration’s historically less stringent stance on emissions regulations is expected to impact the automotive industry significantly.
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