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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.

Vehicle 276
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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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Electric Vehicle Trends to Watch in 2024 as a Student in Hybrid and Electrical Mechanic Training

Automotive Training Centre

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.

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Luxury, mass market vehicle sales diverge

Auto Service World

While new vehicle sales have seen growth in the first quarter of 2024, there is a more nuanced story happening at the segment level. DesRosiers Automotive Consultants has found significant … The post Luxury, mass market vehicle sales diverge appeared first on Auto Service World.

Vehicle 278
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Will new vehicle sales growth eventually drop off?

Auto Service World

There has been a recovery in new vehicle sales, an important signal for the future of the automotive aftermarket. DesRosiers Automotive Consultants reported February 2024 new sales were the highest ever for the … The post Will new vehicle sales growth eventually drop off? But how much longer can it last?

Vehicle 290
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When vehicle owners say dependability declines

Auto Service World

Power reveals a noticeable decline in vehicle dependability three years post-purchase, marking a concerning trend for vehicle owners across the U.S. The 2024 U.S. A recent study by J.D.

Vehicle 288
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How much longer can new vehicle sales go up?

Auto Service World

It’s been a strong run of year-over-year increases in the new vehicle sales market but one industry observer is concerned about how much longer the pace can continue as indicators point to an uncertain future. The seasonally adjusted annual rate (SAAR) for August 2024 reached 1.81 But will these good times last?

Vehicle 289