Loans represented 53% of total transactions for new vehicles over the past 12 months, while cash was 26% and 21% were leases, according to J.D. Power’s Canada Automotive Market Metrics for February 2024. The report, recently released, shows that loans …
Dealers may be interested to learn that all Canadian provinces saw significant growth in new light vehicle sales last month, according to DesRosiers Automotive Consultant’s latest update on the market. “The provinces all saw a strong start to the year …
This week, the Canadian used wholesale market experienced a decline in prices for the week of -0.55%, which is slightly less than the prior week’s -0.70% but steeper than the 2017-2019 average of -0.23%. According to Canadian Black Book’s latest …
The last time the Canadian automotive market saw a sales increase as large as was observed last year was in 1997, according to DesRosiers Automotive Consultants. In its Canadian December sales update, DAC said final sales for 2023 from reporting …
Although news of new vehicle sales units are in for December 2023, it is also worth keeping an eye on the Canadian used wholesale market — which saw a decline in prices of -0.54% for the week ending on Dec. …
Cox Automotive released its December sales forecast for the United States and anticipates that the automotive industry will end 2023 with an increase of more than 11% year-over-year. It also foresees General Motors retaining its top spot, and Hyundai Motor …
The automotive forecast in the United States for the month of December, in terms of total new vehicle sales that include both retail and non-retail transactions, is expected to reach 1,396,700 units, according to a joint forecast from J.D. Power …
November new vehicle sales in the United States are projected to jump 10.2% from a year ago thanks to record-level consumer spending, according to a joint forecast from J.D. Power and GlobalData. They are anticipating that new-vehicle sales for the …
New light vehicle sales showed a notable increase across all provinces in October, based on data reviewed by DesRosiers Automotive Consultants from reporting manufacturers. The majority of provinces experienced a sales growth that surpassed 20% when compared to the same …
Electric vehicles are growing in popularity in the United States as prices continue to fall and technology improves, according to a new survey from FormRush. Key insights from November 2023 show that there are currently 2,442,300 EV owners in the …
There have been 12 consecutive months of sales increases so far this year, compared to 2022. The last time something like this occurred was in November 2015, which saw a noteworthy 32-month run of year-over-year sales increases. That is according …
Provincial new light vehicle sales among reporting OEMs were notably positive last month, September 2023, when sales increases were widespread across Canada. That is according to DesRosiers Automotive Consultants; its latest update shows that all provinces experienced double-digit increases, with …
