The Canadian Black Book Used Vehicle Retention Index decreased for the eighth consecutive month in January, when it sat at 144.8 points — representing a 1.4% month-over-month decrease. Year-over-year, the index has slipped 8.5%. Based on CBB’s update, the index …
For a long while, auto industry groups and insurers were the lone voices decrying the lack of action as auto thefts continued to rise at unprecedented rates, with a vehicle being stolen in Canada every five minutes. The Ontario government …
Drivers are experiencing lower levels of vehicle dependability after only three years of ownership, a new study from J.D. Power reveals. Released on Feb. 8, the J.D. Power 2024 U.S. Vehicle Dependability Study (VDS) indicates that the significant number of …
Canada’s Forest Trust Corporation appointed Monte Weis as National Advisor of its automotive division and is partnering with him to broaden and enhance the reach of its Climate Protection Plan for dealerships, OEMs, and motorists. In a news release, CFT …
More than 23,000 automotive retailers and industry stakeholders were present at the NADA Show 2024, an annual event run by the National Automobile Dealers Association. One noteworthy takeaway from the show was Cox Automotive President Steve Rowley’s presentation of the …
For the dealers that are interested, DesRosiers Automotive Consultants worked with its colleagues at the Automotive Aftermarket Retailers of Ontario (AARO) to collect industry feedback on how the Canadian automotive aftermarket performed in 2023, along with an outlook for …
The Canadian Automobile Dealers Association (CADA) and other auto industry groups such as the Canadian Vehicle Manufacturers’ Association (CVMA), the Canadian Finance and Leasing Association (CFLA), the Global Automakers of Canada (GAC), and other stakeholders will take part in a …
A vehicle is now being stolen every five minutes, according to a new study from Équité Association. The 2023 Auto Theft Trend Report is the association’s latest study, released on Feb. 6, and highlights that things are getting worse following …
January 2024 light vehicle sales based on reporting OEMS are cause for celebration, with the market rising from 2023’s 98,259 units up to an estimated 112,862. That is a gain of 14.9 per cent, according to DesRosiers Automotive Consultants (DAC). …
Dealers across Canada may be interested to note that an investigation by CBC’s Marketplace found that electric vehicle drivers are exposed to a wide range of pricing, inconsistencies in charging performance, and unreliable charging networks. CBC’s episode Putting Electric Vehicles …
Canada’s used wholesale market saw prices decline -0.42% for the week ending on Feb. 3 which, like last week, is not overly far (in comparison to some of 2023’s price declines) from the prior week’s -0.63%. And the 2017-2019 average …
With the overall market up 175,000 units in 2023 (based on data from reporting OEMs), most vehicle segments are enjoying an increase in sales compared to 2022 — but one in particular led the competition in year-end segment sales last …
