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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.

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How new, used vehicle prices are trending

Auto Service World

Used car prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.

Vehicle 294
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Rising costs prompt Canadians to rethink vehicle ownership

Auto Service World

With the rising cost of living impacting Canadians’ ability to afford transportation, a recent survey found significant shifts in consumer behaviour and preferences in the automotive market.

Vehicle 286
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Understanding the Effects of the Current Hybrid and Electric Vehicle Mechanic Shortage

Automotive Training Centre

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.

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Creating Predictable Profit in a Volatile Automotive Market

AutoSuccess

However, amid these challenges, used vehicle sales present a bright spot. While the broader market may struggle, used car sales have remained steady, providing a significant opportunity for dealerships to focus on areas within their control to drive more predictable profit.

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EV momentum cools but growth still there

Auto Service World

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. last year and set new highs in the percentage of vehicles sold in Canada in 2024, including BEVs making up about 18 per cent of sales in December.

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CarData, Inc., Velocity Automotive Marketing Acquire Tristar Digital Services

AutoSuccess

in partnership with Velocity Automotive Marketing , announced its expansion intoSouthern Californiathrough the acquisition ofTristar Digital Services. Velocity Automotive Marketing Acquire Tristar Digital Services appeared first on AutoSuccessOnline. CarData, Inc. , It’s a win-win for everyone.”