Most U.S. dealers view the market as weak
Auto retailers in the United States view the market as weak, according to a Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) that showed the index dropped to a score of 40 from 42 in Q2 and 45 from a …
Category: News
June automotive sales showed notable weakness
Canadian automotive sales revealed worrying declines in June. And although DesRosiers Automotive Consultants does caution that reading too much into one month’s data can be dangerous, this one came up as noteworthy. “Retail sales have remained stable in the first …
U.S. new vehicle prices down, incentives up
The average transaction price (ATP) for a new vehicle in the United States was, for the 11th consecutive month, lower year-over-year when considering August figures. That is according recent to data released by Kelley Blue Book, which considers that higher …
Used wholesale market continues downward trend
The Canadian used wholesale market saw a decline of -0.35% in pricing for the week ending on Sept. 7, which is slightly more than the prior week’s -0.29% and the 2017-2019 average of -0.26%. According to Canadian Black Book’s latest …
Global used vehicle market to grow by US$857B in coming years
The global used vehicle market is anticipated to grow by US$857.1 billion from 2024-2028 thanks largely to the number of new models being launched, according to technology research and advisory company Technavio. In its latest update, the company said the …
U.S. consumer likelihood to buy an EV declines
Only 34 per cent of consumers in the United States intend to buy an electric vehicle as their next car in 2024, according to EY’s latest Mobility Consumer Index (MCI). The data, despite record U.S. consumer interest in EVs in …
J.D. Power’s auto metrics for August echoes July
J.D. Power recently released its Automotive Market Metrics report for August, which revealed the percent of total transactions over the past 12 months for new and used vehicles shifting from previous months. Dealers in Canada may see similarities from July’s …
Canadians willing to pay more to have goods delivered by an EV
When it comes to electric vehicles, not all Canadians can afford one — but some are willing to pay a premium if their goods are delivered by an EV, according to a new study conducted by Geotab and Angus Reid. …
Toyota Canada donates $100K to support breakfast programs
Amid rising living costs, Toyota Canada has announced that it will donate $100,000 to Breakfast Club of Canada’s nationwide movement to provide nutritious school breakfast programs for children. The OEM said it expanded its nationwide effort to address food security …
FractalEV, AXSO partner to make multi-unit residential EV charging better
The latest updates in the electric vehicle movement show FractalEV, a Canadian Level 2 EV charger manufacturer, and AXSO, a subsidiary of Hydro-Québec, partnering to transform EV charging in multi-unit residential buildings — a move that could help boost EV …
Consumers hold onto vehicles longer as repair costs climb
Interest rates and inflation are having a ripple effect on the cost of maintenance and repair in Canada, which in turn has influenced vehicle owners to keep their vehicles longer. That is according to J.D. Power’s recently released 2024 Canada …
August sales up YoY, but months ahead less certain
August light vehicle sales improved from the same period in 2023, coming in at an estimated 165,000 units (up 5.6%), but perspective is needed to understand how the month truly fared. According to DesRosiers Automotive Consultants the first seven months …
