Deputy Prime Minister and Minister of Finance Chrysia Freeland tabled the federal budget in Ottawa this week, and auto industry groups are offering a mixed reaction. The government called it the “Fairness for Every Generation” budget, and it addressed broader …
March new vehicle average transaction prices in the United States slipped 1% from February and were also lower year-over-year by 2.7%, according to Kelley Blue Book. When calculating the average from December 2022, a peak period, prices are now down …
On March 27, the Toronto Police College, Staff Superintendent Pauline Gray of Detective Operations, and Superintendent Steve Watts of Organized Crime Enforcement announced the results of a vehicle theft investigation dubbed “Project Paranoid.” Forty-eight vehicles were seized during the …
This week, Canadian Black Book’s latest Market Insights update reveals that the used wholesale market experienced a decline in prices of -0.34% for the week ending on April 13 — close to the prior week’s -0.36%, though inching further from …
J.D. Power has released its Canadian report on Automotive Market Metrics for March 2024, in which it found that loans represented 51% of total transactions over the past 12 months for new vehicles while used vehicles represented 53%. The report …
Kia recently presented its roadmap to lead the global electrification era at its CEO Investor Day in Seoul, Korea, which it plans to do in part by expanding its electric vehicle lineup and enhancing its hybrid EV lineup. In a …
LeaseBusters will be leveraging taq Automotive Intelligence’s dx technology as part of a collaboration with the company that aims to provide a more modern and fully digital lease transfer process. The dx technology can take the end-to-end lease transfer process …
Automotive sales volumes in the United States for the month of March are expected to show gains over the previous years (2023 and 2022), according to Cox Automotive’s Auto Market Weekly Summary released on April 1. The forecast is for …
The electric vehicle market is expected to grow by around US $343 billion from 2024-2028, according to a recent update from Technavio. The company also estimates it to grow at a CAGR of 13.51% during this period. The Asia–Pacific (APAC) …
New vehicle supply is normalizing in a slowing economy with high rates, while pricing power has gone down and vehicle affordability is on the rise. That is according to a snapshot of the state of the automotive industry in the …
Returning from the long weekend, dealers may be interested to note that the Canadian used wholesale market saw a decline in prices of -0.17% for the week ending on March 30, according to Canadian Black Book. That is right in-line …
Last year sales per dealership franchise rose to the highest level since the start of the pandemic, according to DesRosiers Automotive Consultants. In a recent update, DAC described the 2023 new light vehicle market in Canada as having experienced consistent …
