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Market Research & Statistics

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Average age of cars and light trucks in U.S. hits 11.8 years
July 11, 2019 by Allan Janssen

The average age of light vehicles in operation (VIO) in the U.S. has risen again this year to 11.8 years, according to new research from IHS Markit. By comparison, the average age of Canadian light vehicles was 9.6 years in

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New car sales in Canada continue to falter
July 10, 2019 by Renee Montague

Light vehicle sales were down 7.2 % in June 2019 compared to last June, according to the latest data from auto industry analysts DesRosiers Automotive Consulting. Some 200,156 units were sold last June. This year, Canadians took home 185,741 new light vehicles

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U.S. aftermarket beats sales forecast by nearly $1 billion
July 8, 2019 by Allan Janssen

The U.S. automotive aftermarket reached total sales of $297 billion in 2018, exceeding the projected growth rate by nearly $1 billion, according to the 2019 Joint Channel Forecast Model, produced by the Automotive Aftermarket Suppliers Association (AASA) and the Auto

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Survey offers good news and bad news to vehicle manufacturers
July 4, 2019 by Renee Montague

New-vehicle quality appears to be leveling off after steady improvement for the last four years. In a J.D. Power survey of new-car owners, there was an uptick in complaints about paint imperfections, check-engine lights, brake and suspension noises, and driver-assistance

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Auto Care Association releases latest Factbook
July 3, 2019 by Renee Montague

The value of auto parts, accessories, and auto repair services sold in the U.S. is expected to reach $448 billion by 2022. That’s up $43 billion from the current $405 billion. The rationale for the optimistic growth is detailed in

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CAF Report: Fewer students starting, completing apprenticeships
June 25, 2019 by Renee Montague

Fewer students are starting apprenticeship programs, complicating the challenge of finding skilled trade workers as  Canada’s retirement rates accelerates. That’s the conclusion of a new report conducted by Prism Economics and Analysis, commissioned by the Canadian Apprenticeship Forum (CAF). The 2019

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Raptors’ win will cause retail boost for Canadian Tire, BMO predicts
June 22, 2019 by Allan Janssen

An equity research analyst for BMO Capital Markets predicts that the Toronto Raptors’ NBA championship win will mean good things for Canadian Tire’s bottom line. Analyst Peter Sklar has raised his profit outlook for CTC, as fans flock to stores

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Consumers increasingly ready for self-driving cars: report
June 20, 2019 by Renee Montague

A new study from the Capgemini Research Institute has found that consumer support for riding in self-driving cars is set to double within the next five years. The report, dubbed “The Autonomous Car: A Consumer Perspective” found that 59% of

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World Bank’s economic outlook softens in May
June 19, 2019 by Renee Montague

The World Bank has reduced its outlook for global growth in 2019 from 2.9 percent in its January report to 2.6 percent in its latest assessment. That represents a three-year low, down from 3.0 percent growth in 2018. In the June Global

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Part sales show upward trend
June 17, 2019 by Renee Montague

DesRosiers Automotive Consulting reports strong retail sales of automotive parts and accessories in the first quarter of 2019. According to the data consulting firm, sales at parts and tire stores are up. It is the first time since 2010 that

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The More Things Change: Spark Plugs
June 14, 2019 by Allan Janssen

Our latest walk down memory lane takes a look at how the manufacturing and marketing of spark plugs has changed over the years. May 2019: Spark Plugs   The more things change? Take a look back at the quaint old

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Oil and filter market is continually evolving
June 13, 2019 by Allan Janssen

  By Adam Malik Summer is time for a lot of things, including DIY oil changes. Across Canada, auto enthusiasts and would-be mechanics are gearing up for to do oil and filter jobs in their driveways. The first thing they’re