Aging Autos: Used car sales up five percent last year
Toronto, Ontario — Used car sales increased five percent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots, according to DesRosiers Automotive Consultants. A survey by the Used Car Dealers Association found that an average of 250 used vehicles per franchised and independent dealer were sold […]
April Activity: Canada’s April vehicle sales up 254 percent from last year’s pandemic low
Toronto, Ontario — Canadian auto sales in April were up 254 percent compared to the same time last year, when sales dropped due to lockdowns. Canadian auto sales totalled 162,455 units last month, up from just 45,833 units in April 2020, according to estimates by DesRosiers Automotive Consultants. DesRosiers says April 2020 was one of […]
Kia to Success: Kia Canada has record-breaking sales month in Feb.
Toronto, Ontario — It seems Kia is Canada’s Valentine this year as the automaker celebrates a record February for sales, with the company recording a total 4,650 units sold during the month, according to a press release from Thursday. While the others are trying to stay on their feet, Kia has managed to stand taller […]
Record Numbers: AutoCanada unveils 2020 Q4 results
Edmonton, Alberta — AutoCanada has unveiled its fourth-quarter results for 2020, reporting an 8.3 percent increase in revenue compared to the same period the year prior and “outperform[ing] the Canadian new-vehicle retail market,” said the company. Fourth-quarter revenue for 2020 reached $876.1 million as compared to $809.1 million the prior year. Moreover, the fourth-quarter Adjusted […]
All-Time High: Vehicle prices in Canada hit the roof
Toronto, Ontario — Vehicle prices in Canada have hit an all-time high, with the average vehicle selling for more than $40,000. If you’re looking to buy a new or used vehicle you may have thought prices would be lower due to the COVID-19 pandemic but there are several factors that are making them cost more. […]
