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The Canadian light vehicle market saw a significant rebound in 2024, with overall sales reaching an estimated 1.86 million units sold in 2023, according to DesRosiers Automotive Consultants. Quebec was highlighted as a leading province as consumers rushed to buy zero-emission vehicles (ZEVs) before provincial incentives were reduced.
As new vehicle inventory continues to grow and sales slow, manufacturers and dealers are expected to offer higher incentives to keep cars and trucks moving off lots in 2025. New vehicle inventory reached 3.23 million in November 2023. New vehicle inventory reached 3.23 million in November 2023.
Canadian consumers are moving toward affordability and practicality when shopping for vehicles, according to year-end data from AutoTrader. Economic challenges appear to be influencing decisions, with mainstream models taking precedence over luxury vehicles in both searches and sales throughout 2024.
Despite economic uncertainties and record-high vehicle prices, recent data show optimistic consumer sentiment when shopping for a new vehicle. AutoTrader recently released insights into Canadian vehicle shopper preferences for 2023.
As the age of cars and light trucks continue to rise, vehicle odometer readings continue to climb, driving growth in the aftermarket for internal combustion engine (ICE) vehicles. According to Lang Marketing’s latest report, “Soaring Odometers Boost ICE Aftermarket,” light vehicles in the U.S.
Despite ongoing economic challenges, Canadians are demonstrating resilience in their vehicle purchasing habits, according to new research from AutoTrader. While the economic landscape remains challenging, with high interest rates, gas and vehicle prices influencing decisions, Canadians are adapting.
The Electric Vehicle industry has witnessed several exciting new developments in 2023. These innovative features have been integrated into the most recent vehicles and others in development. Here’s a list of the cars that stood out in 2023. What it offers is comfortable and safe driving on an enduring electric charge.
Employment in the motor vehicle manufacturing industry decreased by 1.8% compared to October 2023, bringing the total to 35,900. increase over October 2023, reaching 159,100. But it was good new for those in the aftermarket, according to DesRosiers Automotive Consultants, including setting new records.
The total sales for the period of January through November amounted to 689,585 cars globally, an increase of 9% compared to the same period in 2023. Volvo Cars sales in China reached 13,923 cars, down 8% compared to November 2023. The share of fully electric cars constituted 21% of all cars sold for the month. Sales in the U.S.
As the automotive industry shifts towards a more sustainable future, electric vehicle (EV) sales have become a key indicator of progress. of the global market in 2023, up from 13.6% This growth will drive demand for skilled professionals who understand the intricacies of hybrid and electric vehicle systems. the previous year.
While electric vehicles (EVs) continued to appeal to Canadian car shoppers in 2024, widespread adoption remains low, according to data from AutoTrader. The data revealed that search interest in EVs grew by nine per cent this year, yet still represents just eight per cent of total vehicle searches on the platform.
It’s been a strong run of year-over-year increases in the new vehicle sales market but one industry observer is concerned about how much longer the pace can continue as indicators point to an uncertain future. The final four months of 2023 saw improved inventory and an uptick in sales pace,” King said. The SAAR consistently exceeded 1.8
After a disappointing end to 2022, Canadian new vehicle sales in 2023 saw a solid rebound. The … The post How much new vehicles sales increased last year appeared first on Auto Service World. DesRosiers Automotive Consultants reported sales of 1,664,000 units last year, a 12 per cent increase from the fewer than 1.5
Automakers can boost a vehicles performance in this test with just some small software changes, Harkey explained. Eighteen vehicles that previously received poor or marginal ratings have now improved to good, including popular models like the Honda CR-V, Toyota RAV4, and Ford Escape. These easy tweaks can have a big impact on safety.
Image credit: Depositphotos.com The design of vehicles, including their size, shape, and technological features, profoundly affects the safety of pedestrians, cyclists, and other road users, according to Jessica Cicchino, senior vice president of research at the Insurance Institute for Highway Safety (IIHS). The prevalence of SUVs on U.S.
The rise of electric vehicles (EVs) is not just transforming transportation but is poised to reshape energy management through vehicle-to-grid (V2G) technology. 4, and Ford F-150 Lightning, which enable vehicle-to-grid connectivity. Some EVs are already leveraging V2X, including models like the Nissan Leaf, Volkswagen ID.4,
They touch on “negative hyperbole,” which Carter … The post <span style=color:#ff0000>Enhanced Media:</span> EVs and ‘negative hyperbole,’ EV World, Fall 2023 appeared first on Auto Service World.
For the first time in AAPEX history, distributors, manufacturers, tool and equipment providers and service professionals from around the country worked together in Joe’s Garage to service and repair a vehicle on the show floor during the 2023 AAPEX Show in Las Vegas.
Hit the banner above to listen in as we share more from managing editor Adam Malik’s conversation with Darryl Croft, president of the Electric … The post Enhanced Media: Helping the EV transition with Darryl Croft, EV World, Winter 2023 appeared first on Auto Service World.
When Brandon Baldwin learned that he had been selected as the 2023-2024 B’laster Products/Tomorrow’s Technician Instructor of the Year, he says that his second thought was how excited he was to break the news to his colleagues, family and friends. His first thought? So that shapes how I teach now. We’ll go through an over-the-phone diagnosis.
A new study is warning about the risk of reflective clothing and a vehicles crash prevention systems. The new study examined the effects of conspicuous clothing and increased roadway lighting on the performance of pedestrian AEB systems in three 2023 models: a Honda CR-V, Mazda CX-5, and Subaru Forester.
Zero-emission vehicle sales in Canada reached record highs in the last quarter of 2024. Battery electric vehicles (BEVs) led the surge, with a national adoption rate of 11.4 per cent for 2023. per cent of vehicles sold being ICE in Q4, the year-end market share for this segment came in at 71.7 million vehicles (16.4
In 2013, Baby Boomers accounted for approximately 33 per cent of the DIFM volume, but by 2023, their share had declined to 23 per cent. Gen Xers, on the other hand, increased their market share, climbing from 32 per cent in 2013 to 35 per cent in 2023.
NRS Brakes has announced the expansion of its Galvanized Premium Brake Pad lineup with two new part numbers designed for the Ford F-250 and F-350 Super Duty models from 2023 to 2025. This expansion covers 211,891 vehicles in operation.
Todays automotive industry is technology-driven and simply purchasing a digital vehicle inspection software is not enough. Based on AutoVitals customer data from 2023 and 2024, these best practices yield the highest average repair order value and ensure customer satisfaction.
Back in May 2023, the Ford Motor Company issued safety recall 23V-342 encompassing a little over 422,000 units of the compact Lincoln Corsair, mid-size Aviator, and the mechanically related Explorer. Subject vehicles were produced with a 360-degree camera system. continue reading. )
vehicle thefts hit another historic mark for the largest annual decrease in 40 years. Data compiled by the National Insurance Crime Bureau showed auto theft plummeted in 2024, dropping 17% year-over-year to 850,708 vehicles from the all-time high of 1,020,729 in 2023. Do not leave the area while your vehicle is running.
A brand of the ADD Group announces the arrival of new applications of the component for Light vehicles, SUVs and pickups. PRT products are produced under the strictest OE quality processes required by the main automakers. ” explains Bruno Bello, Director of Global Marketing at PRT.
A brand of the ADD Group announces the arrival of new applications of the component for Light vehicles, SUVs and pickups. PRT products are produced under the strictest OE quality processes required by the main automakers. ” explains Bruno Bello, Director of Global Marketing at PRT.
Whether it’s new vehicles, used ones or auto parts, prices across various categories of the automotive industry rose throughout 2023. New vehicles saw prices jump 3.4 Used vehicles had a more modest … The post Prices continue to rise in auto sector appeared first on Auto Service World.
Image credit: Depositphotos.com A dramatic shift in the vehicle market has seen domestic nameplates plummet, making way for the dominance of foreign models, according to Lang Marketing. There were nearly eight million fewer domestic nameplates in operation during 2023 than 10 years earlier. Foreign nameplates topped 5.5
There’s going to be significant growth of battery electric vehicles by the end of the decade, an automotive leader predicted recently. BEVs alone made up 10 per cent of new vehicle registrations in the third quarter of 2023. And those … The post How the BEV landscape will change appeared first on Auto Service World.
Last year was a challenging time for the electric car market, but plug-in hybrid electric vehicles (PHEVs) are experiencing significant growth, according to a new report. According to Mika Takahashi, a technology analyst at IDTechEx, the electric vehicle market faced numerous obstacles in 2024, particularly in Europe. per cent in 2023.
The Canadian used vehicle market in 2023 has been marked by a series of contrasting developments, a new report has found. Initially, used vehicle prices stayed significantly high due to a tight supply.
Mercedes-Benz USA has issued a safety recall encompassing a small number of EQE SUVs produced for the 2023 model year. The subject vehicles were manufactured by Mercedes-Benz AG in Bremen, Germany from May 23, 2023 through October 31, 2023.
Vehicles south of the border are continuing to get older. years, up two months from 2023. New data puts the number at 12.6 That’s a generally slower pace of growth compared to recent years and more normalized growth, S&P Global … The post U.S. average age continues its rise appeared first on Auto Service World.
While 2024 saw a notable decline in recall numbers (27 million) from 2023 (33 million), when factoring in un-repaired vehicles from prior years, more than one in four vehicles on U.S. million vehicles currently on the road with recall needs. million vehicles recalled in Q4 2024 alone.
The 27 new products represent more than seven million vehicles in new coverage. The launches include important models like the Chevrolet Malibu, Dodge Challenger and Suzuki SX4, in addition to brand new applications including the Chrysler Voyager and Pacifica 2023, as well as the Ford Transit 250 and 350 HD 2023, among others.
The 27 new products represent more than seven million vehicles in new coverage. The launches include important models like the Chevrolet Malibu, Dodge Challenger and Suzuki SX4, in addition to brand new applications including the Chrysler Voyager and Pacifica 2023, as well as the Ford Transit 250 and 350 HD 2023, among others.
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% vehicle market in 2023, up from 5.9% The average price paid for a new EV in December 2023 was $50,789.
vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% vehicle market in 2023, up from 5.9% The average price paid for a new EV in December 2023 was $50,789.
(SMP) announced it released a total of 2,626 new part numbers in 2023. This most recent release provides new coverage in 71 distinct product categories and 128 part numbers for 2022, 2023 and 2024 model-year vehicles, according to SMP. million vehicles like the 2023-20 Toyota 4Runner. TPMS Sensors are new for 5.6
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