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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Automotive data company Cloud Theory reported this month that new vehicle inventory was up 23 per cent in 2024. Now the lots are full.

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How sustainability efforts can reshape market dynamics

Auto Service World

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.

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Why there’s a growing need to be more digital

Auto Service World

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. Those who can successfully integrate these elements will likely thrive in this evolving market. This isnt just a passing phase, she added.

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EV momentum cools but growth still there

Auto Service World

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.

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What will transform the global auto industry

Auto Service World

These factors, it noted, are shaping the automotive market 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.

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COMMENTARY: Key takeaways from the Q1 2025 Automotive Market Report

Auto Remarketing

The first quarter of 2025 opened with a mix of optimism and uncertainty for the automotive industry. While March delivered a sharp 19% rebound in new vehicle sales largely driven by consumers rushing to purchase ahead of tariff price adjustments the earlier months of the quarter were marked by a slight decline.

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ASW Conversations: Navigating the Canadian auto landscape, with Todd Campau

Auto Service World

The Canadian automotive market is charting a distinct path compared to its southern neighbour, with electric vehicle adoption outpacing the United States and unique trends emerging in consumer preferences and the aftermarket. While theres nuance to each market, there are differences between Canada and the U.S.