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This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the used car market. The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market.
While electric vehicles (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.
Serving as the spiritual successor to the Elise, the Lotus Type 135 will be revealed late 2026 for the 2027 model year. An Emira-replacing model is also expected to join the lineup by decade's end. The 135 will be priced at circa 75,000 pounds sterling, which means 95,000 freedom eagles at current exchange rat. continue reading. )
So when examining whether or not manufacturers will start to bring those vehicles into showrooms as used cars, its not a bright picture. So with that top of mind as well, we’re seeing those numbers decline up to 2027; 2028 we see it pick up, he said. He noted that his group looks at the market on a 48-month level.
With electric vehicles (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. There has been no short supply of impressive cars sporting the most innovative solutions in electric batteries and powertrain technology.
The price of EVs has also pushed the cars out of reach for many consumers. According to the report, the ownership cost, which includes the price of a car and operating costs, of an EV over eight years would be $62,920 if the car was purchased in 2022, while the cost would be $71,680 for a gas-powered vehicle.
Most Asian carmakers thrived in America, reporting greatly advanced first-quarter deliveries across the board. Naturally, Toyota was chief among them and hot on the heels of General Motors. The worst-performing Japanese automaker was Mitsubishi, which only delivered a li. continue reading. )
Motorsports global governing body approved a new flexible, future-proof and cost-controlled ruleset for international rallyings top category in 2027. The FIA World Rally Championships 500-horsepower hybrid Rally1 monsters are being put out to pasture. The WRC27 regulations will allow internal combustion, hybrid Read more.
Quebec’s Changing Landscape for EV Subsidies Quebec has been a frontrunner in promoting electric vehicles, offering substantial rebates to encourage consumers to switch from gasoline-powered cars to EVs. These incentives have significantly boosted EV sales, with electric vehicles comprising 23% of all cars sold in Quebec by late 2023.
Kia is planning an onslaught of EVs in the coming years, with as many as 14 electric cars in its global lineup by 2027, and among those will be some smaller, actually more affordable EVs. Theres the EV3 crossover , which has already been unveiled in production guise though it wont hit the U.S. until next year. Next Read more.
While certain car manufacturers have started revising their electric strategies after sales of EVs have dropped in Western markets, Rolls-Royce seems to stick to the plan, as it will reportedly phase out all internal combustion-powered models in a few years. The last ICE-powered Rolls-Royce should roll off the line after the 2031 model year.
Although it is ten years old, the Jeep Renegade is not on its dying bed yet, even though the car manufacturer recently announced that a new generation is due in 2027 and will also launch in the United States, with a targeted starting price of under $25,000. continue reading. )
Today we're checking in with Nissan to see how it's planning to turn around its fortunes, and seeing how the world's biggest EV seller managed in 2024.
It's open season on the Nurburgring, and our photographers have been busy observing the cars tested on the famous Nordschleife. BMW intends to sell the electric variant alongside the gas-powered M3, which will be powered by a mild-hybrid six-cylinder engine. A couple of days ag. continue reading. )
EV production will reach cost parity with ICE-equipped cars in as little three years, and the latest forecast from Gartner predicts that EVs will actually be cheaper to make than gas-powered cars by 2027. The cost of making EVs is decreasing faster than the industry anticipated.
Management will resolutely implement the growth strategies established in each business as it aims to achieve “Hockey Stick Growth” during YX2026 to fiscal 2027, the company said. Yokohama says it aims to achieve “Hockey Stick Growth” during YX2026 to fiscal 2027. billion), business profit of ¥130 billion (approx.
Management will resolutely implement the growth strategies established in each business as it aims to achieve “Hockey Stick Growth” during YX2026 to fiscal 2027, the company said. Yokohama says it aims to achieve “Hockey Stick Growth” during YX2026 to fiscal 2027. billion), business profit of ¥130 billion (approx.
The factory primarily manufactures passenger car tires for the Central European market. Once it reaches full capacity by 2027 , it will produce up to 6 million tires annually. Passenger Car Tires showed a 19.4% This facility supports energy-efficient and automated production , Nokian said. In the U.S., billion) in 2023.
Unfortunately, sales of the British ultra-luxury sports car maker fell almost nine percent last year. While Astons are not exactly cheap, they actually offer a lot of bang for the buck – aka performance. To make matters worse, debt also grew to more than one billion dollars. continue reading. )
Bentley has pushed back its plans to have its entire lineup be fully electric only from 2030 to 2035, but the brand is still working hard on its first EV production model , which will be revealed in 2026 and go on sale in 2027. Not only will the new electric SUV be in a segment that Bentley has never competed in… Read more.
To be launched by 2027, the newcomers will include a three-row electric sport utility vehicle. According to a fresh report from Japanese publication Best Car, we're also in for an ( continue reading. ) Back in May 2023, the Subaru Corporation updated its electrification strategy with three new battery-electric vehicles.
The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). Stellantis N.V. and Samsung SDI, headquartered in the Republic of Korea, announced on Oct. The joint venture company will invest over $3.2 billion (€2.8 transition to an era of electric vehicles.”
The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). Stellantis N.V. and Samsung SDI, headquartered in the Republic of Korea, announced on Oct. The joint venture company will invest over $3.2 billion (€2.8 transition to an era of electric vehicles.”
But, of course, the rumor mill and the imaginative realm of digital car content creators are already thinking another two steps ahead. Porsche has a more expensive 2025 Cayenne up for grabs in America, and later this month, they will present the first-ever Porsche 911 Hybrid. continue reading. )
The automotive industry faces unique challenges in the digital age, where the car-buying process has significantly evolved. This report delves into the mechanics of OTT, its growth and its specific applications for new car dealers looking to enhance both car sales and service business.
Aston Martin Lagonda was born in 1913 and is well known around the world as a British manufacturer of exquisite luxury sports cars and grand tourers. Is that enough, or does it need more? continue reading. )
In this industry, there is no shortage of rumors about new and upcoming cars. With Japan’s Best Car , the rumors it publishes can sometimes be grounded in reality and sometimes… Read more. Sometimes those rumors are well-sourced and come from someone who definitely knows what they’re talking about, but that’s not always the case.
Life idea for its most affordable electric car due in 2027. Back in February 2025, Volkswagen teased a rehash of the original ID. The upcoming affordable EV, supposedly coming to market at around 20k euros, had a simple and thoughtful design. The teaser campaign also mentioned the new name – ( continue reading. )
And rental cars currently in service might be getting quite a holiday workout, too. million people will travel by car over Independence Day week — that’s an additional 2.8 million people traveled by car over July 4th week. billion industry by 2027. Those ROs might jump noticeably next week and beyond. AAA projected 70.9
McLaren Automotive, formerly known as McLaren Cars, is the British luxury automotive offshoot of the motorsport-focused McLaren Group. Although appreciated worldwide as one of the best sports cars of its era, McLaren went into hibe. continue reading. )
A new set of regulations will be implemented for 2027, but in the meantime it has suggested the current top-level Rally 1 cars from Toyota, Hyundai, and… Read more. The FIA, in an effort to bolster entries for each round of the World Rally Championship , is looking for ways to make the series less expensive and more competitive.
Ever since automakers started turning cars into computers on wheels and tech manufacturers discovered the smartphone Holy Grail, there has been talk of unifying the two ecosystems in a way that hasn't been done before – tech companies building cars and vice versa.
Car & Drive r reports that Jeep has confirmed that a familiar nameplate is returning as an EV in 2027. If you’re in the market for an affordable electric SUV from Jeep, but you feel left out because the brand plans to bring yet another pricey EV to market, just wait. Read more.
Ford announced Thursday night that it will build an LMDh prototype to compete in the 2027 24 Hours of Le Mans. The Blue Oval is the latest automaker to join the stampede of factory top-class endurance racing efforts. Read more.
The Goodyear Tire & Rubber Company has secured a $25 million sponsorship deal for 2024 through 2027 with NASCAR. Each NASCAR team will field a different number of cars, and the bigger teams will have more resources to field more cars. million in sponsorship revenue per car. Formula 1 is the most popular with 52.4
The Goodyear Tire & Rubber Company has secured a $25 million sponsorship deal for 2024 through 2027 with NASCAR. Each NASCAR team will field a different number of cars, and the bigger teams will have more resources to field more cars. million in sponsorship revenue per car. Formula 1 is the most popular with 52.4
We are concerned that the “ Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles ” – regulation finalized by the United States Environmental Protection Agency (EPA) – will limit consumer’s choice in powertrain.
The factory primarily manufactures passenger car tires for the Central European market. Once it reaches full capacity by 2027 , it will produce up to 6 million tires annually. Passenger Car Tires showed a 19.4% This facility supports energy-efficient and automated production , Nokian said. In the U.S., billion) in 2023.
It wasn’t long ago that an electric car on the road was somewhat of an anomaly or a curiosity. Part of the increased adoption of electric propulsion has come from EV car battery technology breakthroughs. Electric car battery technology has evolved rapidly in the past several years.
According to IHS, new electric vehicle sales are projected to be 11% of vehicles in 2024, with that figure jumping to 28% in 2027,” Robison says. “A As passenger car and CUV/SUV EVs continue to grow and expand market share in the U.S., Our first dedicated EV tire, the Bridgestone Turanza EV, launched in the U.S.
According to IHS, new electric vehicle sales are projected to be 11% of vehicles in 2024, with that figure jumping to 28% in 2027,” Robison says. “A As passenger car and CUV/SUV EVs continue to grow and expand market share in the U.S., Our first dedicated EV tire, the Bridgestone Turanza EV, launched in the U.S.
roads, with an 8% share of cars sold in the country. Despite acknowledging the growth, Lybeck questioned the immediate focus on EVs, suggesting that the critical factor lies in being prepared for more growth in the future, especially around 2027-2030, when many manufacturers say they plan to produce only EVs. of vehicles on U.S.
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