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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. New vehicle inventory reached 3.23

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Vehicle inventory swings back, maybe too far

Auto Service World

After years of shortages, dealership lots are now overflowing with vehicles, marking a significant shift in the automotive market as supply catches up with demand. Automotive data company Cloud Theory reported this month that new vehicle inventory was up 23 per cent in 2024. Now the lots are full.

Vehicle 277
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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.

Vehicle 278
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Aftermarket reports strong performance in 2024

Auto Service World

The Canadian automotive aftermarket showed resilience in 2024, despite ongoing challenges, according to new survey results. 2024 was no exception with most aftermarket retailers seeing robust sales increases. 2024 was no exception with most aftermarket retailers seeing robust sales increases.

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‘Remarkable’ new vehicle sales overshadowed by tariffs

Auto Service World

While there was a decline in new vehicle sales in February, the month was viewed positively by industry analysts. per cent drop from the same month in 2024. That puts the seasonally adjusted annual rate at two million vehicles. administration, in its announcement of Februarys sales data.

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Trust is up, but fear persists for self-driving vehicles

Auto Service World

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.

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