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. In the years leading up to the pandemic, new light vehicle sales peaked in 2017 and remained strong until 2019, with lease penetration rates exceeding 35 per cent. Off-lease vehicles are a key source of product for the used car market.

Vehicle 274
article thumbnail

How Canadian new vehicle sales fared in 2024

Auto Service World

million units sold in 2023, according to DesRosiers Automotive Consultants. per cent for granted, the market remains approximately 180,000units below its 2017 high, despite a Canadian population that has increased from 36.7 Thats an 8.2 per cent increase from the 1.72 While we would never take a gain of 8.2 million] to 41.5

Vehicle 276
Insiders

Sign Up for our Newsletter

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

article thumbnail

Michael Edmunds, B’laster IOTY Candidate

Tomorrow's Technician

Michael Edmunds, automotive instructor at East Syracuse Manoa Central High School and mentor to the school’s Spartan Garage Car Club is the first candidate in the 2024-2025 Tomorrows Technician Instructor of the Year competition, presented by Blaster Corporation in association with the North American Council of Automotive Teachers.

article thumbnail

JC Washbish named CEO of the Alliance

Auto Service World

Futerman, chair of the Alliance Board of Directors and co-owner of Hahn Automotive Warehouse. He was promoted to director of marketing in 2017 and to vice president of sales and marketing in 2019. JC is also the 2024 recipient of the Northwood University Automotive Aftermarket Education Award.

Finance 263
article thumbnail

New vehicle sales start the year strong

Auto Service World

But the bloom may quickly come off the rose, warned DesRosiers Automotive Consultants. That would be the highest year on record, beating out 2017 when just over two million new vehicles were sold in Canada. Last month saw the highest number of new vehicle sales in January since 2018.

Vehicle 270
article thumbnail

Autel: Pushing the Boundaries of Aftermarket Diagnostics 

Brake & Front End

Industry-Leading Access to OE-Gateways Automakers started integrating security gateway modules (SGM/SGW) into their new vehicles, starting with 2017/2018 model vehicles. Coverage includes: Stellantis brands: 2017 and newer Chrysler, Dodge, Jeep, Ram, Alfa Romeo, FIAT, and Maserati.

Software 245
article thumbnail

New Novus Glass location announced

Auto Service World

Rons journey in the automotive industry began during his high school years in his uncle’s shop where he honed his skills in custom exhaust, brake and suspension work. Smith, initially from a developmental services background, joined the family business with no automotive experience.