Corollamania: Toyota announces 50 millionth Corolla sold

Toronto, Ontario — Toyota hit a big milestone on Thursday as the Japanese OEM marked its 50 millionth Corolla sold since the model first hit Canadian roads in 1969. Having been first introduced to the world in 1966, the Corolla is a fixture in the automotive industry with more than 1.6 million sold in Canada […]

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. […]

Market update: Most-searched vehicles, GM and flexible seating

Visitors to CES will see, through full-scale demonstrations and a VR experience, how long road trips, cargo transport services and mobile meetings can be transformed through technologies like haptic massage seats, personal sound zones and multi-sensor biometric sensing.

By CRM staff Toronto – December 19, 2018 — In this week’s market update, Magna provides some insight to future trends and picks reconfigurable seating as a key feature for smart mobility. Plus, Canadian car shoppers show a preference for SUVs, and General Motors rolls out a jobs plan for Oshawa workers.   Utility edges […]

Market update: Auto sales continue to slide

Serge McGraw (centre) chose Mitsubishi’s Outlander PHEV for its load capacity and its ability to run on 100 per cent electric. He is shown with (left) François Roy, general manager, Québec Mitsubishi, and Marco Sauvageau, sales director, Québec Mitsubishi. Photo courtesy Mitsubishi Motor Sales of Canada.

By CRM staff Toronto – December 10, 2018 — New vehicle sales in Canada were down 9.4 percent in November, continuing a slide that has been going on for eight months. Vehicle sales last month dropped to 143,668 units sold with year-to-date sales of 1,870,703, down 2.3 percent from last year’s record sales volume, according […]

Market update: Auto sales continue to decline, an alliance of analysts

The decline in Canadian light vehicle sales that began in March continued into October.

By CRM staff Toronto — November 7, 2018 — In this week’s market update: Vehicle sales slide for seventh straight month, two automotive market forecasting firms join forces, and Copart expands in Europe. Auto sales dip The decline in Canadian light vehicle sales that began in March continued into October. The industry sold 161,125 units […]

Canada auto industry faces falling profits amid declining US demand

By Tom Davis Ottawa, Ontario — January 18, 2018 — Faced with declining demand from US consumers and uncertainty surrounding trade relations between the two countries, automotive production in Canada is expected to rise by just 0.8 percent this year. The slow pace of growth follows strong industry performance over much of the last decade, […]

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 […]