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The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. 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.
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.
The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”
A new report highlighted just how much cheaper electric vehicles need to get in Canada to reach mandated sales levels. Last December, the federal government unveiled its Electric Vehicle Availability Standard, which outlines zero-emission vehicle sales targets for automakers.
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.
Electric vehicles (EVs) have become a significant part of the automotive school landscape, driven by technological advancements and growing environmental consciousness. Currently, the province provides up to $7,000 for new fully electric vehicles, $5,000 for plug-in hybrids, and $3,500 for used EVs.
However, if everything goes well, the four-ring brand sports model could return to the car game, and it appears that it has already started testing. Wait a minute, the vehicle pictured above is clearly a Porsche 718 Boxster EV, so how can. continue reading. )
Volkswagen has been in the electric vehicle game for plenty of time, and it has come to realize that one of the biggest drawbacks of such models, besides the poor autonomy (in some cases) and lengthy charging times, is the high pricing. continue reading. )
The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). We expect Stellantis brand vehicles powered by Samsung SDI batteries featuring supreme technologies to contribute to accelerating the U.S. transition to an era of electric vehicles.” Stellantis N.V.
The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). We expect Stellantis brand vehicles powered by Samsung SDI batteries featuring supreme technologies to contribute to accelerating the U.S. transition to an era of electric vehicles.” Stellantis N.V.
Back in May 2023, the Subaru Corporation updated its electrification strategy with three new battery-electric vehicles. 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. )
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.
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.
The Automotive Service Association (ASA) strongly supports the rights of consumers to purchase vehicles that best fit the needs of themselves, their families, and their businesses. Currently, such vehicles comprise roughly 10 percent of all new vehicle sales in the U.S.
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
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.
There is no denying that electric vehicles are now a part of modern transportation. It wasn’t long ago that an electric car on the road was somewhat of an anomaly or a curiosity. Now sitting at a red light, you are likely to have an electric city bus, a Tesla and a couple of hybrid vehicles surrounding you.
This is true in one of the industry’s newest segments: tires for electric vehicles (EVs). As tiremakers work to meet market needs, they also must innovate to meet the demands of EV drivers, who seek longevity, responsiveness and a quiet ride — but most of all, increased range for their vehicles.
This is true in one of the industry’s newest segments: tires for electric vehicles (EVs). As tiremakers work to meet market needs, they also must innovate to meet the demands of EV drivers, who seek longevity, responsiveness and a quiet ride — but most of all, increased range for their vehicles.
In addition, Williams told dealers that the company’s tire plant in Hungary will be adding TBR production, and Hankook hopes to reach an 800,000-unit capacity per year there upon the tire line’s expected completion in 2027. The second is the SmartLine AL50, a long-haul tire with a lower profile developed for car-carrier applications.
of vehicles on 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.
In addition, Williams told dealers that the company’s tire plant in Hungary will be adding TBR production, and Hankook hopes to reach an 800,000-unit capacity per year there upon the tire line’s expected completion in 2027. The second is the SmartLine AL50, a long-haul tire with a lower profile developed for car-carrier applications.
of vehicles on 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.
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