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How a lack of off-lease vehicle is hurting the used market

Auto Service World

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.

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Where interest is growing as EVs tail off

Auto Service World

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.

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The ‘horror story’ of the used vehicle market

Auto Service World

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.”

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How much cheaper EVs need to get in Canada

Auto Service World

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.

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Why Students in Automotive School Will Love the 2024 Alfa Romeo Milano

Automotive Training Centre

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.

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Automotive School EV Watch: Are Federal Rebates Working?

Automotive Training Centre

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.

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New 2027 Audi TT Identifies as a Porsche 718 Boxster EV, Sports Car Spied in Mule Form

autoevolution

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. )

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