Continuing semiconductor shortages could slow down what was looking like a promising increase in new vehicle sales. A recent analysis is cautioning against too much optimism over increased new vehicle sales. A report from DBRS Morningstar noted that even though…
A recent report is warning that there are signs of trouble with electric vehicle sales in the United States. While acknowledging that EV numbers are and will continue to increase on the road, an analysis from Lang Marketing observed that…
New vehicle prices were mostly flat overall year-over-year as increases and cuts balanced each other out. Kelley Blue Book noted that the average transaction price for a new vehicle in August was up only $42 compared to the same time…
The automotive aftermarket is really on two different doorsteps that are prepared to change the way this industry operates. On one hand, there’s the aging workforce that’s preparing to retire. On the other, a wave of technologically advanced vehicles are…
As the auto theft situation shows no signs of relief, the group representing auto insurers announced its members are taking steps to better protect consumers and their vehicles. At the same time, the Insurance Bureau of Canada is calling on…
Report offers a look at how electrification is impacting operators
New vehicles are critical to the automotive aftermarket, including ensuring a steady future supply of sweet spot vehicles, so there is natural concern when there are fewer new cars being sold year after year. This has been the case in…
Independent shops are still costing consumers less per visit, says J.D. Power study
A recent report throws into question the belief that all electric vehicles are cheaper to gas up than internal combustion engine ones. The Anderson Economic Group found that cheaper EVs are more expensive to fuel than cheaper ICE vehicles. But…
It’s been 10 straight months of new vehicle sales increases in Canada. Though the bar is low because of weak sales in 2022, DesRosiers Automotive Consultants is touting the news as continued positivity for the industry. The group noted that…
Quebec is getting hundreds of new electric vehicle fast chargers, the federal government recently announced. The $30 million investment will bring 1,500 chargers total with 400 of them fast chargers across the province. The government’s announcement noted that almost 260,000…
If the makeup of your shop is changing, your leadership style needs to adjust during these times. A business transformation expert recently weighed in on the leadership traits needed when changes are taking place in your business. Whether you’re moving…