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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. New vehicle inventory reached 3.23
View this post on Instagram A post shared by Cars Magazine & Jobber News (@autoserviceworld) Maidens also placed a priority on training, from keeping staff up to date on the latest vehicle issues to keeping an eye on electricvehicles. The post Announcing the 2024 Shop of the Year appeared first on Auto Service World.
This year marks a significant turning point in the journey of electricvehicles. Understanding these trends is crucial for aspiring mechanics and technicians specializing in hybrid and electricvehicles. 2024 is anticipated to witness more technological strides, enabling EVs to achieve substantially longer ranges.
While electricvehicles (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.
Canada’s goal of having electricvehicles (EVs) make up 60 per cent of new vehicle sales by 2030 is increasingly looking unattainable, according to the president of the Global Automakers of Canada, and its keeping his members awake at night. trillion committed to the transformation.
As the automotive industry shifts towards a more sustainable future, electricvehicle (EV) sales have become a key indicator of progress. Forecasts for 2024 remained optimistic, with EV Volumes predicting a 19.2% EV sales have faced some turbulence in recent years, causing many to question what’s in store for 2025.
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 electricvehicle landscape currently looks like. Third-quarter data showed an even bigger surge in EVs as new vehicle registrations.
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.”
Electricvehicle (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.
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 ElectricVehicle (HEV) version, and up to 261 horsepower for the PHEV model.
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.
Zero-emission vehicle sales in Canada reached record highs in the last quarter of 2024. According to S&P Global Mobilitys latest Canadian Automotive Insights , the countrys ZEV market continued its rapid growth in the fourth quarter of last year 2024, reaching a national penetration rate of 18.9 per cent for 2024, up from 8.8
While the industry remains as diverse and dynamic as ever, the shift towards greener and more sustainable transportation has increased the demand for skilled professionals in hybrid and electricvehicle mechanics. Hybrid and electrical mechanic training qualifies you to take advantage of the green revolution.
Although initially reluctant, the US auto market is finally embracing electricvehicles. Here are the 10 most anticipated EV models scheduled to hit the market in 2024 and what to expect of them. Dozens of new models will launch next year, making it hard to make a decision.
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 electricvehicles. per cent of all new vehicle registrations, while plug-in hybrids were another 3.5
The automobile industry has witnessed several remarkable rollouts since it began its drive to adopt electric powertrains. With electricvehicles (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.
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 electricvehicle mechanic ?
Electricvehicle news has been bleak in early 2024, with reports of a market downturn and OEMs scaling back plans. This might suggest EVs are beyond their hype, but a closer look from IDTechEx might point to a different story. … The post Why the EV downturn may not be as expected appeared first on Auto Service World.
Last year was a challenging time for the electric car market, but plug-in hybrid electricvehicles (PHEVs) are experiencing significant growth, according to a new report. However, the future of this segment still points to all-electric. However, while battery electricvehicles have struggled, PHEVs have thrived.
Recent data revealed that Canada is coming out ahead of its southern neighbour in the transition to battery electricvehicles (BEVs). This trend is particularly evident in the early months of 2024, where provincial incentives and national policies have significantly … The post How much Canada is outpacing the U.S.
As the automotive industry evolves, the rise of electricvehicles (EVs) presents exciting opportunities for aspiring mechanics. The Shift Toward ElectricVehicles The global transition to electricvehicles is accelerating, driven by environmental concerns, government policies, and technological advancements.
As car buyers transition from gas-powered vehicles to battery electric, their satisfaction hinges increasingly on traditional factors such as quality and cost of ownership. Power 2024 U.S. The latest J.D.
Students enjoy exciting industry developments as the automotive world continues its rapid shift toward electrification, hybrid and electrical mechanic training. In this blog, we’ll examine some of 2024’s best-looking electricvehicles, giving you a glimpse into the stunning designs setting new standards in the EV market.
Despite challenges, 64 per cent of Canadians looking to purchase a new vehicle within the next five years are considering a hybrid, plug-in hybrid, or fully electricvehicle, according new report.
While growth is expected in electricvehicle sales, it won’t be at the same pace seen in recent years, new research suggested. ABI Research reported that global EV sales are projected to grow by 21 per cent in 2024 and … The post Why the forecast for global EV sales is declining appeared first on Auto Service World.
A new wave of electricvehicle buyers is expected to enter the market in the second half of the decade, according to the latest 2024 Path to EV Adoption Study by Cox Automotive. The study reported that while nearly half … The post When EV adoption is expected to surge appeared first on Auto Service World.
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.
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.
New data from Statistics Canada highlighted a significant increase in zero-emission vehicle (ZEV) registrations, reaching 12.9 per cent of all new vehicle registrations in the second quarter of 2024. When hybrids are included, more than 106,000 low-emission vehicles were added. per cent of all new vehicle registrations.
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.
for electricvehicle (EV) adoption, with 1,256,646 registered EVs, accounting for 9.27% of all vehicles in the state. However, Zutobi’s 2024 U.S. EV Charging Station Report reveals that despite California’s push for zero-emission vehicles, the state faces challenges in charging infrastructure.
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. On a global scale, the automotive industry is one of the most critical sectors of a country’s economy.
Although inflation in Canada has eased since its peak in 2022, expectations have stayed high, leading to cautious spending throughout 2024. High interest rates have further influenced consumer behaviour, prompting many to prioritize maintaining and repairing their existing vehicles over purchasing new or even used ones.
Its not a surprise to find full-sized pickup trucks at the top of a list of Americas 100 best-selling used vehicles. It was, however, a bit unexpected to find an electricvehicle in the top 30, and two EVs among the top 75. As has become expected, Fords F-150 pickup was the top-selling used vehicle in the U.S.
If cost wasnt a factor, more than half of respondents to a recent survey would buy an electricvehicle. “It’s not if, but when EVs will constitute a much more significant share of vehicles on the road.” Battery electricvehicles made up 11.4 per cent of new vehicle sales in 2024 in Canada.
Its December release provided new coverage in 71 product categories and 128 part numbers for 2022-2024 model-year vehicles. Standard’ hybrid and electricvehicle program saw an expansion, … The post Details on what SMP released last year appeared first on Auto Service World.
The electricvehicle (EV) industry expects a new entrant as Nio, a leading name in premium EVs, unveils its latest sub-brand, Firefly. The Firefly brand officially launched at Nio Day 2024 on December 21, with its first deliveries expected in the first half of 2025.
How will the economy impact customer behaviour in 2025 compared to 2024? An unpredictable economy, combined with the cumulative effect of inflation, will see consumers spending cautiously and keeping their vehicles longer. What role is technology playing in repair shops these days and how can shops use it effectively?
ElectricVehicles (EVs) are as popular as ever in 2024, yet their actual adoption rates continue to perform below par. These days, some EVs even offer longer ranges that rival traditional gasoline-powered vehicles. Here are the EVs with the longest driving ranges in 2024.
Now, 2024 was an unusual year with one of the mildest winters recorded in recent history. Similarly, a sudden drop in used car prices from post-COVID highs resulted in many vehicles not being repaired. If a vehicle gets too expensive to repair, insurance companies are more likely to write it off, depriving the market of revenue.
The 2024 Car 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. In 2024, improving sales incentives and a wider selection of new-vehicle inventory also contributed to increased satisfaction.
Arguably the worst designed series-production Tesla so far, the Cybertruck has been hit with yet another safety recall that will make plenty of people wonder if Elon Musk is actually fit to lead the battery-electricvehicle manufacturer. On this occasion, the recall condition is not fixable with an OTA update. continue reading. )
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