Appetite grows for more environmentally friendly vehicles

RICHMOND – New car sales are expected to reach record highs again this year driven by increased consumer confidence and a number of great new products on the lot.

 

Dozens of new vehicles have been unveiled by automakers in recent months, most of which include exciting new technology to make driving safer, more efficient and more fun.

 

Many car buyers are also looking for better fuel efficiency in their rides, which most new vehicles offer.

 

This helps drivers not only save money, but also do their part to reduce greenhouse gas and other emissions.

 

Low interest rates are also creating some great deals for new car buyers, allowing dealers the chance to offer incentives such as low or even zeroper-cent purchase financing.

 

These are some of the factors behind the 6.5-per-cent increase in light-vehicle sales across Canada in October (the latest data available). According to DesRosiers Automotive Consultants, 154,949 new cars and trucks were driven off lots from coast to coast.

 

Demand for pickup trucks and SUVs was particularly strong, accounting for about 58 per cent of sales for the month.

 

In B.C., year-todate light vehicle sales increased by 6.1 per cent to 162,408 vehicles in October compared to 2013.

 

About 1.58 million vehicles were sold across Canada between January and October this year, which compares to just under 1.5 million for the same period last year. Economists are calling for 2014 to be another record year.

 

That includes a growing appetite for more environmentally friendly hybrid and electric vehicles (EVs), particularly in the Lower Mainland now that Tesla has opened its first B.C. store in downtown Vancouver.

 

Other manufacturers are also selling EVs, which is leading to an increase in the number of charging stations across the province.

 

EV prices are also starting to come down, making the vehicles more affordable for some households. Unfortunately, the B.C. government stopped offering a $5,000 rebate for EVs earlier this year, which has put a damper on sales.

 

I believe it’s very important for the government to build more public charging stations and provide other incentives to help the EV market reach a more critical mass.

 

Overall, the good news for buyers is there’s a wide range of terrific new vehicles to choose from. The hard part -and for some it’s also the fun part -is picking the one that best suits your needs and wants.

 

Make sure you mark your calendar now for the 2015 Vancouver International Auto Show from March 24-29 at the Vancouver Convention Centre West.

 

Blair Qualey is president and CEO of the New Car Dealers Association of BC, based in Richmond. Email him at bqualey@newcardealers.ca.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Surrey Police Board approves creation of municipal force at first-ever meeting

Process for hiring a police chief to ‘start immediately’: McCallum

Tree falls across road in Surrey

Crews on scene to clear the debris

Delta Nature Reserve boardwalk realignment to begin this fall

Stretch of boardwalk to be rebuilt to make room for new Highway 91/Nordel Way vehicle ramp

Cloverdale store owner giving away free face shields

Tricia Ellingsen offering more than 200 free protective shields

B.C. announces regional cancer treatment centre to be included in new Surrey hospital

Services expected to include treatment, supportive care, research, education, innovative technologies

371 British Columbians battling COVID-19, health officials confirm

Thursday (Aug. 6) saw a second straight day of nearly 50 new confirmed cases

Four activists face charges linked to 2019 Abbotsford hog-farm protest

Mischief and break-and-enter charges laid for incidents on four separate days prior to the protest

Visitors and non-residents entering closed remote B.C. First Nation’s territories

With limited resources, they say they don’t have any authority or power to enforce the closures

UBC loses appeal on Fisheries Act convictions

BC Supreme Court upholds order to pay $1.55-million fine

Masks to be mandatory on BC Transit, TransLink starting Aug. 24

Both BC Transit and TransLink made the announcement in separate press releases on Thursday

‘Tiny home’ being built for Abbotsford woman with severe allergies

Online campaign raises $59,000 for custom cargo trailer for Katie Hobson

Acclaimed B.C. actor Brent Carver passes away

Carver, one of Canada’s greatest actors with a career spanning 40 years, passed away at home in Cranbrook

B.C. would not send students back to school if there was ‘overwhelming risk’: Horgan

Plan has left many parents across the province worried about their children’s safety

Most Read