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How a lack of off-lease vehicle is hurting the used market

Auto Service World

The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. Off-lease vehicles are a key source of product for the used car market. The long-term impact of these disruptions is now being felt, the consultancy reported.

Vehicle 274
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How Canadian new vehicle sales fared in 2024

Auto Service World

The Canadian light vehicle market saw a significant rebound in 2024, with overall sales reaching an estimated 1.86 per cent for granted, the market remains approximately 180,000units below its 2017 high, despite a Canadian population that has increased from 36.7 million units. Thats an 8.2 per cent increase from the 1.72

Vehicle 276
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Autel: Pushing the Boundaries of Aftermarket Diagnostics 

Brake & Front End

Whether discussing secure gateways or access to functions, software, and specifications on newly released vehicles, aftermarket diagnostic product developers such as Autel are always playing catch up to get that OE-only capability in the hands of our users. AutoAuth charges an annual fee of $50 per vehicle brand.

Software 245
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How wholesale vehicle prices are faring at June’s midpoint

Auto Remarketing

Weekly wholesale vehicle price declines are outpacing pre-pandemic norms. The average for the same week in 2017-2019 was a decrease of 0.27%, Black Book said. Car values fell 0.58%, following a 0.76% drop the prior week. During 2017-2019, the average change was a 0.35% decline. The 2017-2019 average was decrease of 0.22%.

Vehicle 98
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Lane watch: What only appreciating vehicle segment might be saying about market

Auto Remarketing

Perhaps it’s jumping to conclusions, but the only segment in Black Book’s tracking to squeeze out a wholesale value uptick last week might relate to vehicles in position to solve one of the pressing current challenges to get cars financed and retailed. As July comes to a close, the depreciation rate is stabilizing.

Vehicle 105
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JD Power study shows decline in vehicle dependability

Auto Remarketing

Vehicle dependability is slipping, according to the latest research from J.D. Vehicle Dependability Study found vehicle owners are experiencing more problems after three years of ownership, which the research firm said indicates a decline in long-term vehicle dependability. Power 2024 U.S. Frank Hanley, J.D.

Vehicle 122
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From the Magazine: ‘Your customer is the most important part of your day’

Auto Service World

He was with the Motorcade branch for 50 years, coming in to work every day, even until he few months before died in 2017 at the age of 93. But after having her first child, she moved into the management side of things at a local car dealership where she held roles such as parts manager and service manager. What do you think?’”

Retail 278