How is 2024 shaping up?
A look back at the year that was, and a look ahead at what dealers can expect in 2024 for vehicle sales. As we rapidly approach the end of 2023 and the start of a brand-new year, I thought the …
Category: The Economic Environment
Data insights on financing and leasing: what to expect?
Exploring some of the key findings from CADA’s first-ever Data Report. A few months ago, CADA published its first annual Data Report for the year of 2022. The goal of this report was to gather — in one place — some of …
The economy and EVs: a unique perspective
Economic uncertainty and supply disruptions are impacting consumer behaviours. Recently, there has been a lot of interest by journalists and news outlets on the topic of vehicle pricing in Canada and the underlying effects of the increased interest rates. Acting …
Mixed signals on the economy
Interest rate hikes caught some by surprise. Here’s what’s behind it. In June, the Bank of Canada announced that it had increased the target for the overnight interest rate to 4.75 per cent. This may come as a surprise for many Canadians, …
It’s hard to measure anxiety
Consumers seem to be adapting to unpredictability, which could be a good thing Recently, there has been a lot of interest, shared by both business owners and ordinary citizens, in regards to where the Canadian economy is going. The end …
An economist’s two cents: re-framing the narrative on unemployment
Skilled worker shortages are a big concern throughout auto industry There is no doubt that the lack of skilled workers is one of the most pressing issues that business owners are facing in today’s economy. More than ever in our …
Parliament and the right-to-repair
When politics become part of industry affairs A few weeks ago, CADA had the opportunity to testify to the Standing Committee of Industry and Technology (INDU) regarding Bill C-244 titled An Act to Amend the Copyright Act. Overall, this amendment …
Talking about the current economy
Honesty and transparency about the economy will help with consumer anxieties Automobile dealerships have been some of the most affected by the current economic situation. After months of longing for more inventory, dealers are now caught in a scenario where …
