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  1. Summitric

    The top used vehicles consumers search for

    May 16, 2024 by Adam Malik The top used vehicles consumers search for 2018 Jeep Wrangler Rubicon New research from Compare the Market found that used cars from American and Japanese manufacturers are the most sought-after worldwide, outshining newer market entrants from China. The study...
  2. Summitric

    Auto sales show modest recovery in April

    May 16, 2024 by Adam Malik Auto sales show modest recovery in April However, DesRosiers’ numbers show a ‘clear slowdown’ as consumers aren’t yet returning to dealerships at pre-pandemic levels April’s automotive sales in Canada displayed a mild rebound. DesRosiers Automotive Consultants...
  3. Summitric

    How EVs, ICE compare in value retention

    May 3, 2024 by Adam Malik How EVs, ICE compare in value retention Image credit: Depositphotos.com Electric vehicles struggle to retain value after being sold while traditional models maintain value, according to findings from a recent study The analysis by comparison website Compare the...
  4. Summitric

    Vehicle average age will keep growing

    May 9, 2024 by Adam Malik From the Magazine: Vehicle average age will keep growing How driving behaviour has changed and the impact for the aftermarket The average age of vehicles has seen a sharp increase in recent years, a trend expected to continue. This points to positive news for the...
  5. Summitric

    How dropping EV values boost ICE aftermarket

    May 1, 2024 by Adam Malik How dropping EV values boost ICE aftermarket The ownership cost of Electric Vehicles (EVs) is experiencing a significant shift, challenging the previously held notion that EVs are cheaper to own than their Internal Combustion Engine (ICE) counterparts. Recent...
  6. Summitric

    How much EV claims and costs surged

    May 7, 2024 by Adam Malik How much EV claims and costs surged Image credit: Depositphotos.com Canada has witnessed a significant uptick in electric vehicle repairable claims, marking a notable shift in the automotive landscape, a new report has found, presenting opportunities and challenges...
  7. Summitric

    How dropping EV values boost ICE aftermarket

    May 1, 2024 by Adam Malik How dropping EV values boost ICE aftermarket The ownership cost of Electric Vehicles (EVs) is experiencing a significant shift, challenging the previously held notion that EVs are cheaper to own than their Internal Combustion Engine (ICE) counterparts. Recent...
  8. Summitric

    Most EV drivers depend on fast charging

    April 26, 2024 by Adam Malik Most EV drivers depend on fast charging Image credit: Depositphotos.com A recent survey has found that the majority of EV drivers rely heavily on DC fast chargers for their extended travel needs. The study was conducted by FLO, a provider of EV charging...
  9. Summitric

    The impacts of ‘dramatic changes’ to vehicle mix

    April 26, 2024 by Adam Malik The impacts of ‘dramatic changes’ to vehicle mix Image credit: Depositphotos.com Significant shifts in the composition of light vehicles will have substantial impacts on the automotive aftermarket sector, recent research by Lang Marketing suggested. Over 10 years...
  10. Summitric

    Why incentives are key to the BEV transition

    April 24, 2024 by Adam Malik Why incentives are key to the BEV transition Image credit: Depositphotos.com The government shouldn’t be mandating consumers switch to battery electric vehicles but they should be offering greater incentives to help narrow the price gap, urged the head of the...
  11. Summitric

    EV buyers concerns grow beyond charging issues

    April 12, 2024 by Adam Malik EV buyers concerns grow beyond charging issues Image credit: Depositphotos.com As car buyers transition from gas-powered vehicles to battery electric, their satisfaction hinges increasingly on traditional factors such as quality and cost of ownership. The latest...
  12. Summitric

    Price tag continues to hold back potential EV buyers

    April 18, 2024 by Adam Malik Price tag continues to hold back potential EV buyers Financial barriers continue to play a crucial role in Canadians’ hesitation towards electric vehicle adoption, according to a recent study. The latest findings from the Car Ownership Index by Turo found that one...
  13. Summitric

    The biggest challenge for EVs is…

    April 11, 2024 by Adam Malik The biggest challenge for EVs is… Image credit: Depositphotos.com No matter the product, something that forces people to change their behaviours will be the toughest sell to the public, according to an automotive leader. Leila Afas, director of global public...
  14. Summitric

    March sales strong, just not as strong as desired

    April 11, 2024 by Adam Malik March sales strong, just not as strong as desired Image credit: Depositphotos.com In what could be a sign that new vehicle sales might see their hot streak come to an end, March sales were underwhelming, according to DesRosiers Automotive Consultants. While a 9.2...
  15. Summitric

    Why some won’t buy an EV

    April 10, 2024 by Adam Malik Why some won’t buy an EV High initial costs, range anxiety and lack of charging options are keeping many away from considering buy an electric vehicle, a recent survey found. A recent survey from Refused Car Finance found that 66 per cent of respondents in the...
  16. Summitric

    Canadians with EVs drive more than ICE drivers

    March 28, 2024 by Adam Malik Canadians with EVs drive more than ICE drivers Image credit: Depositphotos.com It would appear that those with electric vehicles don’t have concerns about range, new data suggest. According to S&P Global Mobility’s analysis of the vehicle types that put up the...
  17. Summitric

    Inflation’s impact on vehicle ownership

    March 26, 2024 by Adam Malik Inflation’s impact on vehicle ownership Canadian millennials are being driven away from car ownership due to high costs Canadian millennials are increasingly being priced out of car ownership due to inflation, a recent study has revealed. Those being hit hardest...
  18. Summitric

    The 4 things needed to make the BEV goal a reality

    March 14, 2024 by Adam Malik The 4 things needed to make the BEV goal a reality Image credit: Depositphotos.com The federal government’s mandate to ban the sale of internal combustion engine vehicles in the light vehicle segment has many automotive professionals questioning the validity of...
  19. Summitric

    Quebec to phase out EV rebates

    March 19, 2024 by Adam Malik Quebec to phase out EV rebates Dealers association raises concern over incentive removal Image credit: Depositphotos.com Quebec will remove rebates for electric vehicles and plug-in hybrid vehicles by 2027. The provincial government said that they no longer need...
  20. Summitric

    VW engine coolant pump settlement approved

    February 27, 2024 by Adam Malik VW engine coolant pump settlement approved Volkswagen has reached a settlement deal in Canada to resolve allegations of issues with primary engine coolant pumps in certain 2008-2021 Volkswagen and Audi vehicles. The Saskatchewan Court approved a nationwide...
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