The global electric vehicle (EV) market size is expected to grow to US$343.01 billion and reach a Compound Annual Growth Rate (CAGR) of 13.51% from 2024-2028, according to Technavio. In its latest updates, the company said increased concern over emissions from fossil …
The federal government released its National Action Plan on Combatting Auto Theft this week, providing a list of details into what it will be tackling. The report shows three specific sections it plans to focus on: intelligence or information sharing; …
Canadian employment in automotive repair facilities and auto parts stores has risen above pre-pandemic’s 2019 levels, according to DesRosiers Automotive Consultants. In a previous report, DAC discussed the strong recovery in kilometres driven that they had been tracking in this …
April retail sales in the United States were flat this time around, as automotive underperformed the rest of the market. That is according to Cox Automotive’s Auto Market Weekly Summary, which is provided by the company’s Chief Economist Jonathan Smoke. …
The federal government has announced the release of its National Action Plan on Combatting Auto Theft meant to disrupt, dismantle, and prosecute organized crime groups involved in stealing vehicles in Canada. In a recent news release, Public Safety and Emergency …
A new report from GoMoto, Reynolds and Reynolds self-service kiosk division, found that 96% of dealer respondents would prefer a standardized check-in procedure while most consumers would be willing to use a self-service kiosk. The study, Enhancing Service from Hello: …
New vehicle buyer consideration for electric vehicles in the United States has declined from the previous year, according to J.D. Power’s 2024 U.S. Electric Vehicle Consideration (EVC) Study. The decline is a first since the study’s 2021 inception. J.D. Power …
HGreg (HGrégoire) was recently named one of Canada’s Best Managed Companies, for the fourth consecutive year, in the Gold category by Deloitte Canada. The award is meant to recognize excellence in Canadian private companies demonstrating leadership in strategy, culture and …
Slipping again, the Canadian used wholesale market saw a decline in prices of -0.38% for the week ending on May 18, compared to the prior week’s -0.28%. That is according to Canadian Black Book’s Market Insights report, which also revealed …
He was a popular and influential figure in Canada’s auto sector, as an innovative banker supporting dealers and OEMs in their vision for the industry. Ron Porter, 71, died this week following complications from lung transplant surgery. He worked in …
Canadian auto dealer senior editor Todd Phillips interviews Todd Bourgon, Executive Director at the Motor Vehicle Retailers of Ontario (MVRO), about a proposed 48-hour “cooling off” period after a vehicle purchase. The Ontario government is consulting with the industry about …
DesRosiers Automotive Consultants has raised a flag in noting that the Canadian new light vehicle market started to show early signs of concern. They said the luxury market is in negative territory, year-to-date, and that there is notable variance appearing …
