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 …
Canadian light vehicle sales for March 2024 are in and appear to be both “hot” and “cold,” according to DesRosiers Automotive Consultants (DAC). They described the 9.2% market gain from last month as “anticlimactic,” as it followed February’s 24.4% gain …
Hyundai Capital America and Safe-Guard Products International have announced the renewal of their longstanding partnership, which spans a decade of strategic relationships. In a news release, Safe-Guard said both companies have worked to leverage technology to help enhance the automotive …
No OEM does a better job of “showing their dealers the money” than Toyota/Lexus, according to a recent Cox Automotive Commentary & Voices article. In referencing the United States market, Cox Automotive said Toyota has become the number one volume …
New vehicle inventory in the United States was up in February, but according to Cloud Theory’s monthly report, the real headliner is the sharp 28% month-over-month increase in vehicle movement seen in March. Cloud Theory is a real-time automotive data …
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 …
If you could describe a look of genuine surprise, it was watching Shannon Willsher accept her ABSC Alumni of the Year award at a special reception held by taq Automotive Intelligence, ABSC and Accelerate Auto just prior to VIP Night …
