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As the automotive industry accelerates towards hybrid and electric vehicles (EVs), a new challenge has emerged: a significant shortage of qualified hybrid and electric vehicle mechanics to service these advanced vehicles. Fewer hybrid and electric vehicle mechanics mean longer repair wait times for EV owners.
The Canadian automotivemarket is charting a distinct path compared to its southern neighbour, with electric vehicle adoption outpacing the United States and unique trends emerging in consumer preferences and the aftermarket.
Electric vehicle (EV) sales are continuing to grow, but the once-rapid pace of adoption is beginning to slow as the market reaches a new stage of maturity. In a separate conversation with Auto Service World Conversations, Campau noted that sales numbers tend to go down when purchase rebates go away.
Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotivemarket, according to analysis from AutoTrader.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electric vehicles (EVs). As more consumers embrace the benefits of EVs, the used car market is also seeing an influx of these eco-friendly vehicles.
The electric vehicle (EV) revolution is in full swing, and it has a fascinating global battleground for market dominance. As seen in automotive school , Tesla has long been a household name, and a new wave of Chinese automakers are challenging the status quo. Here are a few key takeaways: 1.
As the automotive landscape shifts dramatically towards electrification, two of Japan’s automotive giants, Honda and Nissan, have made headlines with a groundbreaking new deal in automotive training. Prepare to take advantage of career opportunities after automotive technology training.
The Japanese automaker has found enough time to prepare a tidal wave of novelties this year for the automotivemarkets is most fond of. Toyota introduced so many novelties solely across the US auto market that I am a bit afraid to make a list because I might forget some of the most critical mo. Nope, not at all. Consider this.
Stellantis is ready to embrace the latest trends across the automotivemarket. However, because it has too many subsidiaries, it is also moving eerily slowly at times. Formed from the merger of Italian-American group FCA (Fiat Chrysler Automobiles) and the French PSA conglome. continue reading. )
As we look back on Q3, the automotivemarket has revealed key trends that highlight the complexities of inventory management for auto retailers. Electric and hybrid vehicles gain momentum In Q3 2024, the momentum for electric vehicles (EVs) continued to build, although the growth trajectory showed some shifts compared to Q2.
Last year, the US automotivemarket's sales rebounded fully and registered the best performance since the pandemic – around 15.5 million vehicles, according to Reuters, citing data released by Wards Intelligence and figures from consultant Cox Automotive. Interestingly, everyone expects Toyota to get a signif.
Acura is prepared to attack the block with even more trendy options after it performed splendidly across the US automotivemarket, with sales up 42% last year compared to 2022. continue reading. )
“Volkswagen and Škoda are major players in the global automotivemarket, and this partnership underscores our commitment to providing top-tier tires for premium vehicles. This strategic move highlights the technological capabilities of Kumho Tire and its growing presence in the premium tire market.
Rolling resistance, durability and overall comfort all play a huge role in tire design, but these characteristics are under a bright-hot spotlight in the context of electric vehicle tires. The company uses a combination of factors, including tire compound, tread pattern and silencing technologies to optimize EV tire performance.
Subaru doesn't have nearly as much 'energy' as its biggest shareholder, Toyota, which has pounded the US automotivemarket with a tidal wave of novelties this year. Unlike its partner and rival, Subaru considers a good day when they have ( continue reading. )
The workers, though, still face uncertainty in the face of a shifting automotivemarket. As manufacturers transition to electric vehicles, those workers need to know they won’t be left out in the cold, and those assurances are still forthcoming. The United Auto Workers strike has — tentatively — ended. Read more.
Access to Cutting-Edge Industry Insights NADA Show provides dealers access to the latest trends in automotive retail, including shifts in consumer behavior, advancements in technology and regulatory updates. This not only attracts environmentally conscious buyers but also positions the dealership as a forward-thinking player in the market.
As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 AutomotiveMarket Report , the automotivemarket has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs.
Lincoln has had a discrete presence across the US automotivemarket lately, unlike its rivals from General Motors, where Cadillac is dipping its hands into just about anything. continue reading. )
John Howard, who is director of product management with Experian Automotive, returned for another visit on the Auto Remarketing Podcast. This episode focused on Experian’s latest look at automotivemarket movements, how much riper that aftermarket “sweet spot” is now and loyalty trends with hybrid and electric vehicles.
Last week was quite full of surprises across the American automotivemarket. Secondly, Rivian gave us another couple of all-new electric models aside from the confirmed R2 sport utility vehicle. First, Dodge gave us two body styles for the next-gen Charger instead of one.
In fact, Europe was the fastest-growing market in 2023 as a result of booming demand in Turkey, the region’s fourth-largest market, ahead of Spain. In addition to this, the strong push from the local authorities to incentivize demand for electric vehicles (EVs) also contributed to accelerated sales, JATO data found.
Brookdale Community College has secured a grant totaling $561,318 from the National Science Foundation to pioneer the Electric Vehicle Education for New Jersey (EVE-NJ) project. As the automotive industry rapidly transitions towards electric vehicles, this grant represents a pivotal investment in preparing the workforce for the future.
In today’s volatile automotivemarket, finding the best used car value can feel like searching for a needle in a haystack. With new car prices pushing the boundaries of belief, and used car prices constantly fluctuating, it’s time to ask the Jalopnik audience what they think the best value on the used market is.
Rolling resistance, durability and overall comfort all play a huge role in tire design, but these characteristics are under a bright-hot spotlight in the context of electric vehicle tires. The company uses a combination of factors, including tire compound, tread pattern and silencing technologies to optimize EV tire performance.
Rolling resistance, durability and overall comfort all play a huge role in tire design, but these characteristics are under a bright-hot spotlight in the context of electric vehicle tires. The company uses a combination of factors, including tire compound, tread pattern and silencing technologies to optimize EV tire performance.
The study’s results are based on a survey conducted in the second half of 2023 of 2,493 vehicle owners — including 182 electric vehicle owners — who had at least one service performed in the previous 12 months, accounting for more than 5,500 service visits. times with 2.8 services performed per visit, compared to the 2.3
Not surprisingly given the recent price drops among electric vehicles, the Tesla Model Y was at the top of the list of popular models with falling trade values, losing $7,771 — 21.8% As a result of those factors, AccuTrade data showed trade-in values have been steadily sinking for the past two years, averaging $29,976 in August — down 6.2%
In the wake of the global pandemic, the automotive industry has been riding through a storm of unprecedented challenges and transformations. As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector.
“Volkswagen and Škoda are major players in the global automotivemarket, and this partnership underscores our commitment to providing top-tier tires for premium vehicles. This strategic move highlights the technological capabilities of Kumho Tire and its growing presence in the premium tire market.
On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5 billion towards expanding the country’s electric vehicle (EV) charging infrastructure through the Infrastructure Investment and Jobs Act (IIJA) passed in 2021. It has also spent $78.4
On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5 billion towards expanding the country’s electric vehicle (EV) charging infrastructure through the Infrastructure Investment and Jobs Act (IIJA) passed in 2021. It has also spent $78.4
For many dealers, their profits will also be affected by higher floor plan costs and the need to invest in infrastructure to support the growing sales of electric vehicles. In the Electric Vehicle Market, 2024 Will Be the Year of More – More Models, More Incentives, More Discounting, More Advertising, and More Sales Muscle.
In the face of uncertainty in the automotivemarket, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Of course, that’s not necessarily a good thing.
Very few Automotive Service and Repair Shops are qualified to do their own marketing, successfully. It would be like me owning a restaurant and working on my 2020 BMW for an electrical issue. Yet, many shop owners try to do their marketing on their own without the requisite tools and knowledge.
Domestic, Asian, and European cars dominate the American automotivemarket. Impressive Technology Japanese cars have been trailblazers in the hybrid and electricmarkets from very early on. The reliability that Japanese vehicles are known for is prominent in both their more cost-effective and luxury lines.
For instance, if the customer data platform indicates a growing interest in electric vehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.
For instance, if the customer data platform indicates a growing interest in electric vehicles among a particular demographic, the inventory data platform can adjust its recommendations to ensure the dealership is well-stocked with the right mix of EVs to meet this demand. Used car day supply is expected to remain tight and steady.
Meanwhile, electric vehicle (EV) sales grew 22% QoQ, reflecting a clear consumer shift towards electrification. Despite these advancements, internal combustion engine vehicles still dominate the used market, comprising over 90% of sales. New and used vehicle inventories both grew in Q4 as dealers prepared for the holiday season.
The automotivemarket has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release.
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