With misinformation around the average cost of new vehicles, and potentially higher prices to come as a result of tariffs, DesRosiers Automotive Consultants has pulled its data to showcase the final average transaction price for 2024 for the overall market …
A week ago, Canadian Black Book’s Market Insights report showed the Canadian used wholesale market was flat in terms of pricing changes, and prior weeks were somewhat similar. For the week ending on May 3, we see a decline of …
Car ownership is becoming a heavier financial burden for Canadian consumers, with 70 per cent of consumers saying their monthly vehicle costs are higher than they are comfortable with. That is according to a new study from car-sharing marketplace Turo. …
Lenders in Canada are facing significant challenges as the country’s automotive sector finds itself in a trade war that could increase the cost of borrowing and lead to higher new-vehicle pricing. In navigating this situation lenders will need to exceed …
April 2025 light vehicle sales are in and the results are decent, based on DesRosiers Automotive Consultants’ latest update. For years April has seen a miserable streak of sales, including last year when it turned out to be one of …
U.S. President Donald Trump’s tariff strategy to shift automotive manufacturing from Canada back to the United States appears to be working, with Unifor calling for swift action after General Motors announced it would reduce shifts at its Oshawa Assembly plant …
The same day Canadian Black Book said the Detroit Three, along with several parts suppliers and dealer associations across the U.S., wrote a letter to the Trump administration urging it to repeal its global auto tariffs, Trump signed an executive …
As U.S. President Donald Trump modifies its existing auto tariff policy, a new report from IDTechEX reveals Tesla, with a CEO that oversees the U.S. Department of Government Efficiency, is the big winner in this new easing of levies. IDTechEX’s …
The Ontario government is proposing new legislation that would amend the Highway Traffic Act so that police can search and seize electronic devices used to steal cars. The announcement was made by the province’s Transportation Minister Prabmeet Sarkaria at a …
The Global Automakers of Canada released a statement this week highlighting its concern over British Columbia’s decision to end its Go Electric passenger vehicle rebate program. The move is a blow to dealers who are subject to a zero-emissions vehicle …
A new report from Clutch reveals the price of used vehicles in Canada increased to $33,197 in March, which is up 0.61 per cent month-over-month but still down 2.65 per cent year-over-year. The report notes that prices cooled steadily throughout …
As the auto theft crisis improves, but continues, the Waterloo Regional Police said they responded to 12 reports of vehicle thefts and attempted vehicle thefts last week in the Waterloo Region, arresting two men in the process. An update on …
