Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says
Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]
Flooding the Market: Concerns raised over surplus of illegal imports in Mexican used market
Toronto, Ontario — The director of an organization representing Mexico’s auto parts industry has spoken out with concerns about his government’s handling of illegally imported used vehicles, as well as new policies that could hurt the local vehicle sales market. Alberto Bustamante, director of Mexico’s National Parts Industry (INA), spoke to reporters from Reuters about […]
State of the Industry: National average used vehicle prices hit all-time high
Toronto, Ontario — National vehicle and parts sales felt a push in a positive direction in December as the latest data from Statistics Canada shows industry growth of about 3.3 percent to a total of $11.8 billion. Despite the positive turn at the calendar year’s end, December sales were still 1.6 percent below pre-pandemic levels […]
