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The Canadian light vehicle market saw a significant rebound in 2024, with overall sales reaching an estimated 1.86 The year began with exceptionally strong sales in January and February, which DesRosiers credited to pent-up demand as consumers were finally able to purchase vehicles they had been waiting for. million units.
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. These findings are part of Cloud Theory’s report On the Horizon: 2024 Review and 2025 Outlook that was released recently. million in November 2023.
The vulnerabilities of connected vehicles and the steps drivers and manufacturers can take to mitigate the risks. The global smart car market is expected to grow substantially in the coming years, raising numerous concerns about the safety of these cars. One of the most prevalent is cybersecurity.
CARS magazine is proud to announce that Maidens Family Auto Care in Barrie, Ontario, is the winner of this years prestigious Shop of the Year Award, sponsored by Milwaukee Tool. And then if you look out on the parking lot here, Im sure out of 100 cars, you probably see 10 that are electric or hybrid. They had to learn to trust us.
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.
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.
CARS magazine wrapped 2024 by handing out its prestigious Shop of the Year Award to Maidens Family Auto Care. Go here to read the digital copy of CARS December even with Canada Post back to work, were not sure when your hard copy will arrive if it hasn’t already. Not a subscriber?
Light trucks have extended their domination in the new vehicle market, continuing to account for the vast majority of sales. At the same time, the luxury vehicle market is retreating, according to data from DesRosiers Automotive Consultants. per cent to passenger cars. per cent of the market, leaving just 13.6 per cent and 1.7
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. Both vehicles fall into the popular $20,000 to $29,999 price range, boast an efficient 6.7L/100km per cent), lower price (13.0 per cent in units sold.
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 a slight increase in trust, the majority of drivers remain wary of self-driving vehicles. According to AAAs latest survey on autonomous vehicles, only 13 per cent of U.S. drivers would trust riding in a self-driving vehicle. However, that is up from 9 per cent last year.
The once-dominant domestic nameplates in the light vehicle aftermarket have seen a steady decline in the U.S. By 2024, domestic nameplates VIO will have dropped by more than 10 million over the past decade, despite the nations overall VIO increasing by nearly 40 million.
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.
The latest issue of CARS magazine is here and it features the annual Executive Outlook , featuring 10 leading experts in the mechanical repair sector sharing their thoughts on how the industry can navigate the uncertain time ahead. Indeed, its becoming prohibitively troublesome to replace your vehicle these days.
The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”
Shopping for a new car has become more satisfying, according to a new study. The 2024Car Buyer Journey (CBJ) Study by Cox Automotive said these high lelevls of satisfaction are being driven by advancements in digital tools that seamlessly integrate online and in-dealership activities.
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. How will the economy impact customer behaviour in 2025 compared to 2024?
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. How will the economy impact customer behaviour in 2025 compared to 2024?
A new report covering the first half of 2024 shows that value-focused car brands like Toyota, Kia and Hyundai gained traction as consumers leaned toward practicality amid steady inflation and increased manufacturer incentives. Steady inflation led consumers to adopt a pragmatic approach to car buying in early 2024.
This year marks a significant turning point in the journey of electric vehicles. Understanding these trends is crucial for aspiring mechanics and technicians specializing in hybrid and electric vehicles. 2024 is anticipated to witness more technological strides, enabling EVs to achieve substantially longer ranges.
While still high, prices for used vehicles trended downward over the last year. AutoTrader reported that January 2025 prices for used vehicles hit $36,899, down 5.7 Thats in comparison to new vehicle prices coming in at $65,317 that month, a drop of 2.9 Dealers are split on their primary sources of vehicles.
You can view the digital edition of the Winter 2024 by clicking here. Inside you will find the cover feature looking at what the Canadian electric vehicle landscape currently looks like. Third-quarter data showed an even bigger surge in EVs as new vehicle registrations.
Car shoppers are more willing now to ‘cross-shop’ than before — meaning they are willing to look at both new and used options, a study from AutoTrader found. A significant driver for 31 per cent of used buyers and 33 per cent of new buyers is replacing an aging vehicle.
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. How will the economy impact customer behaviour in 2025 compared to 2024? The growing complexity of vehicles makes ongoing training essential.
As auto mechanic schools see hybrid technology evolve, the automotive industry is shifting toward more sustainable, powerful, and efficient vehicles. One standout in the hybrid category this year is the 2024 Kia Sportage Hybrid. of torque for the Hybrid Electric Vehicle (HEV) version, and up to 261 horsepower for the PHEV model.
Here’s what they’ve learned during the experience — and what they find customers are learning along the way Despite all the noise, the negative talk, the pullback from automakers and global trends, Canadians are still turning out to buy electric vehicles. per cent of all new vehicle registrations, while plug-in hybrids were another 3.5
The Consumer Electronics Show (CES) 2024 has come and gone, leaving in its wake a plethora of innovations and advancements, particularly in the field of automotive technology. Here’s a recap of the most compelling automotive tech trends from CES 2024 for students and professionals in the field.
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. How will the economy impact customer behaviour in 2025 compared to 2024? If we find ourselves in a trade war with the U.S.,
Electric vehicle (EV) sales are continuing to grow, but the once-rapid pace of adoption is beginning to slow as the market reaches a new stage of maturity. last year and set new highs in the percentage of vehicles sold in Canada in 2024, including BEVs making up about 18 per cent of sales in December.
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.
As the calendar turns towards 2024, the industry is going through changes and developments influenced by technological innovation, environmental concerns, and changing consumer behaviors. The demand for skilled mechanics has been steady, driven by the consistent need for vehicle maintenance and repair.
The car just exchanged hands at auction for $60,500. However, it’s worth pointing out that this same vehicle was sold to its former owner back in January of 2024 for $74,000. They then proceeded to drive it approximatel. continue reading. )
A career as a mechanic offers a unique blend of challenges and rewards, providing the opportunity to work on cutting-edge automotive technology while ensuring the reliability and performance of vehicles that people depend on every day. Let’s explore some skills that would make you a strong candidate in 2024.
SKF announced it has partnered with EPWR, a part of the PWR Group, to support 2024 season of The Scandinavian Touring Car Championship (STCC). All 12 of the race cars for the series are produced by EPWR and are built on the concept of sustainable performance, economic viability and technical advancement.
Image credit: Depositphotos.com Younger generations are leading the way in collector car enthusiasm, a recent survey has found. The survey from Hagerty, titled Future of Driving 2024 found that Gen Z is fueling a growing interest in classic cars, trucks and motorcycles. ” The survey polled more than 2,000 Americans. .
With electric vehicles (EVs) fast becoming all the rage, the biggest car manufacturers have been in a hot race to key into the electrification roadmap, and several winners have emerged. There has been no short supply of impressive cars sporting the most innovative solutions in electric batteries and powertrain technology.
Set to hit the roads in 2024, this futuristic electric sedan is capturing the imaginations of automotive enthusiasts everywhere, sparking excitement and curiosity about the cutting-edge features, design, and technology it promises to bring. Do you want to become a hybrid and electric vehicle mechanic ?
With the rising prices of new vehicles, car owners are placing greater emphasis on maintaining their current vehicles. A survey of 2,000 American car owners, conducted by Talker Research on behalf of Pennzoil, found that 73 percent of respondents are taking better care of their vehicles as new car prices continue to climb.
Shannon Black, 2024 Jobber of the Year | Motorcade St. Although, I believe the impact of high interest rates has caught up to consumers in the second half of 2024 with the last few months becoming slightly softer than the robust scenario most of the year. The average age of cars continues to grow in age which means more repairs.
Transport is an essential human need, so vehicle purchases remain constant even as car prices soar. As we welcome in 2024, the automotive industry remains a powerhouse, and the need for skilled technicians is higher than ever. For international students, embarking on a journey in auto mechanic training presents many advantages.
If you’re aspiring toward a career in automotive technology, chances are that a beautiful, high-performing luxury vehicle would turn your head. Explore the exclusive 2024 Aston Martin Valhalla. Bringing Superior Hybrid Technology to the Luxury Vehicle Space The 2024 Aston Martin Valhalla has been designed to utilize hybrid technology.
The pursuit of a career in auto detailing goes beyond washing cars. It’s a meticulous process that involves cleaning, restoring, and finishing a vehicle to achieve a show-ready level of results. 2024 is right around the corner, and new trends in this sector are on the horizon.
Imagine a “green” car. Most likely, it’s a sleek electric vehicle (EV) silently gliding down the road, leaving no fumes or emissions in its wake. The Toyota Prius Prime SE is the “greenest” car for 2024, as you’ll explore in automotive school. What pops into your mind?
CARS magazine reached out to leaders in the automotive repair and service sector of the automotive aftermarket to ask them about their thoughts about the industry over the next 12 months. How will the economy impact customer behaviour in 2025 compared to 2024? Shop owners need to promote preventive maintenance.
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