article thumbnail

Dealers say they have too many ZEVs

Auto Service World

The Canadian automotive market has grappled with a significant lack of new vehicle inventory since early 2021. While these shortages have largely eased and inventory levels are beginning to normalize, the full story is more nuanced.

article thumbnail

Canadians willing to wait for the vehicle they want

Auto Service World

Amid the semiconductor shortage of 2021-23, a significant trend emerged in the Canadian automotive market: build-to-order (BTO) vehicle purchases. If the trends in built-to-order vehicles are any indication, Canadians are willing to wait for the vehicles they want.

Vehicle 147
Insiders

Sign Up for our Newsletter

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

article thumbnail

Used- and new-car patterns likely getting back to ‘normal’ in 2024

Auto Remarketing

That includes a “normal seasonal trend” when it comes to depreciation in the wholesale vehicle market, along with “modest growth trajectory” in the new-car segment, Black Book said in a report Monday. However, this would be a major gain from the post-COVID trough of fall 2021, when new-car inventory was at 800,000 units, Black Book said.

Car 98
article thumbnail

Cox study shows dealership service lanes losing market share, consumer trust

Auto Remarketing

in 2023, down from 35% in the most recent previous survey in 2021. Dealerships were preferred by 31% of the respondents, down from 35% in 2021. The report from Cox Automotive said vehicle owners are driving more and holding onto their vehicles longer because of high vehicle prices and interest rates. in 2021 but down from 2.8

article thumbnail

Akebono expands disc brake pad product lines

Tire Review Magazine

“These new part numbers reflect our dedication to meeting the evolving needs of the automotive market. We are thrilled to announce the release of these 11 new part numbers, expanding our product line and providing more comprehensive coverage for our valued customers,” Kirby Pruitt, product development manager said.

article thumbnail

Akebono expands disc brake pad product lines

Tire Review Magazine

“These new part numbers reflect our dedication to meeting the evolving needs of the automotive market. We are thrilled to announce the release of these 11 new part numbers, expanding our product line and providing more comprehensive coverage for our valued customers,” Kirby Pruitt, product development manager said.

article thumbnail

Over-the-TOP Hyper-Targeted Marketing for Automotive Sales and Service

AutoSuccess

Market Growth and Consumer Adoption The OTT market, valued at $121.61 billion in 2021, is projected to reach over $1 trillion by 2027, growing at a CAGR of 29.4%. This widespread adoption presents a fertile ground for advertisers, especially in the automotive sector, where precision and timing are crucial.