Let it Mellow: Yellow cars depreciate slower than other hues, says car colour study
Toronto, Ontario — When life gives you lemons, keep hold of them; they might still hold a pretty significant chunk of their original value after three years. According to a colour study by iSeeCars, yellow vehicles depreciate by approx. 13.5 percent—or US$3,000, on average—after three years. For comparison, iSeeCars states that the typical car loses […]
EV Exclusivity: Most Canadian Ford dealers now certified to sell EVs, following tense negotiation period
Toronto, Ontario — It appears that most Canadian Ford dealers have finally gotten on board with the OEM’s Model e electric vehicle certification, following several months of negotiations surrounding this pricy piece of accreditation. Ford Canada says that 80 percent of its 440 Canadian dealers have now signed up for the certification, which has been […]
Cease and Desist: GM, Ford warn against predatory sales tactics
Detroit, Michigan — General Motors and Ford Motor Co. have a clear message for dealerships – stop overcharging, or there will be consequences. Screenshots on the Silverado Evolution and the F150 Gen 14 forums show both companies threatening to cease vehicle sales to dealers with predatory business practices, including charging above MSRP and demanding additional […]
Flood Follies: Storm-damaged vehicles making way into Canadian used market
Toronto, Ontario — A new report from a personal finance advocacy group is calling for caution among car buyers as a deluge of storm-damaged vehicles floods the Canadian market. Vehicles that are imported into Canada are classified by the condition they are in when they enter the country. According to the report from Money Wise, […]
Benz, but don’t Break: Mercedes-Benz drops to third most sold luxury brand in U.S.
Atlanta, Georgia – Mercedes-Benz appears to be starting a slip from the mountaintop of luxury vehicle sales as according to a recent report from Stock Apps, the German automaker continues to decline on the sales floor, in the U.S. The report indicates that Mercedes-Benz’s 274,916 units sold this year marks a 13 percent decline when […]
Toyota Takes Top Spot: Automaker ranks as the top-seller globally
Toronto, Ontario – For the first time in five years Toyota claimed the title as the world’s top-selling automaker for 2020, overtaking Volkswagen Group. Toyota saw its total sales fall 11 per cent in 2020, the sales include its subsidiaries Lexus, Daihatsu and Hino, coming to a total of 9.53 million units sold. On the […]
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. […]
Breaking the Right Records: Kia Canada reports best-ever year in sales in Canadian history
Mississauga, Ontario — 2020 has proved to be a challenging year for all, so those who get the opportunity to celebrate some wins do so in a big way. In this case Kia Canada (Kia) crossed the finish line into the new year with record-breaking sales for 2020, despite the pandemic slowdowns. Kia saw not […]
Scotiabank Economics reports that global car sales expected to climb to a ninth consecutive annual record in 2018
Toronto, Ontario — January 30, 2018 — Global car sales are expected to gather speed in 2018, to a ninth consecutive annual record. A further acceleration in economic growth across all regions and healthy financial conditions are expected to extend the sales cycle further. “Stronger economic growth and replacement demand are expected to drive […]
Canadian auto sales to hit record high in 2017, despite November dip
By Tom Davis Toronto, Ontario — December 13, 2017 — The number of new vehicles sold in Canada in November dipped compared with the same month last year, but the industry is still on pace to top 2 million for the full year for the first time ever in automotive history. Scotiabank’s Global Auto Report […]
