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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 The growth of SUVs led to a new record for light truck share, with passenger cars falling to only 13.4 The luxury segment underperformed in 2024 due to affordability issues. million units. Thats an 8.2

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Here’s how Canadians are approaching car buying

Auto Service World

The study, conducted in August 2024, found that vehicle purchase intent has remained stable compared to the previous year, with 27 per cent of Canadians planning to buy a vehicle in the next six months. Nearly half (47 per cent) of used-car buyers consider new vehicles, while 36 per cent of new-car buyers are exploring used options.

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The liability of smart cars and understanding the risks

Auto Service World

The global smart car market is expected to grow substantially in the coming years, raising numerous concerns about the safety of these cars. Data and privacy breaches: Connected cars collect extensive amounts of personal data, including driver information, location history, and even in-car conversations.

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Odomoters keep rising, boosting aftermarket

Auto Service World

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. “Older cars and light trucks generate more aftermarket product use per mile than newer models,” the report said.

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Top picks for Canadian car buyers

Auto Service World

The Honda Civic and Toyota Corolla are the top passenger vehicles in Canada while Ford F-Series and Toyota Rav4 came out on top for light trucks. per cent to 31,774 units in 2024. These traits align with Canadians top car-buying considerations: Fuel efficiency (17.3 per cent), lower price (13.0 per cent) and safety (11.1

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SUVs continue to lead buyer preferences

Auto Service World

Light trucks have extended their domination in the new vehicle market, continuing to account for the vast majority of sales. New light vehicle sales in Canada grew by 4 per cent in the third quarter of 2024, contributing to a year-to-date increase of 8.1 This shift has resulted in light trucks accounting for a dominant 86.4

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Domestic nameplates losing ground in aftermarket

Auto Service World

In Lang Marketings report, 2024 Domestic Nameplate Aftermarket Below 2005 , it found that while once commanding more than two-thirds of the vehicles in operation (VIO) between 2000 and 2010, domestic nameplates now represent a minority of light vehicles on U.S.

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