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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

Vehicle 276
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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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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. Nonetheless, truck inventory has risen by 13 per cent year-over-year.

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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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EV momentum cools but growth still there

Auto Service World

Todd Campau, associate director of the aftermarket at S&P Global Mobility, addressed shifting trends in electric vehicle (EV) sales and the evolving dynamics of the green automotive market during a presentation at AAPEX 2024. There’s more crossover utility vehicles and more pickup truck EVs that are available.

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Why more dealer incentives could be coming to new vehicles

Auto Service World

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. percent compared to February 2024.

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Why Canadians are choosing more practical vehicles

Auto Service World

Economic challenges appear to be influencing decisions, with mainstream models taking precedence over luxury vehicles in both searches and sales throughout 2024. Saskatchewan : Trucks dominated, accounting for 60 per cent of all searches. The Toyota Tundra debuted at number nine replacing the Jeep Wrangler.

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