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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 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.

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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. million in November 2023.

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Why Canadians are choosing more practical vehicles

Auto Service World

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.

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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. At the same time, the luxury vehicle market is retreating, according to data from DesRosiers Automotive Consultants. This shift has resulted in light trucks accounting for a dominant 86.4

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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. According to Lang Marketing’s latest report, “Soaring Odometers Boost ICE Aftermarket,” light vehicles in the U.S.

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Here’s how Canadians are approaching car buying

Auto Service World

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.

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Domestic nameplates losing ground in aftermarket

Auto Service World

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.

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