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Used car prices continue to climb in Quebec, despite cooling new car market
New cars, left, are parked at a car dealership on Friday October 11, 2024 in Quebec City.. THE CANADIAN PRESS/Jacques Boissinot Used car prices are still on the rise in Quebec, driven by strong demand and an ongoing trade war that continues to disrupt the automotive industry. As of June 2025, the average price of a used vehicle in the province had climbed 6.4 per cent year over year to $35,746. In contrast, the average price of a new vehicle dropped by 4.7 per cent, coming in at $63,284. Benoit Laforce, vice-president of the media team at AutoHebdo, told Noovo Info the current situation isn't exactly a surprise. 'At AutoHebdo, we predicted at the beginning of the year when we saw the price announcements that we could see an increase in used vehicle prices,' he said. 'With the price announcements at the beginning of the year, it was certain that the market would be put to the test.' Some used car dealerships are welcoming the uptick in prices. At Gervais Auto, for example, it's good for business. 'Given that many customers are looking at used vehicles, for us, it's actually a favour, because they come looking for second-hand vehicles,' said Samuel Gervais, the dealership's purchasing manager. He said customers at Gervais Auto typically have a budget around $23,000. Among gas-powered models, the Hyundai Elantra was Quebec's top seller in 2024, with the RAM 1500 close behind. Electric vehicles, on the other hand, are struggling. At Gervais Auto, just 5 per cent of sales are electric. And across the board, EV sales are down 45 per cent from last year, even as prices for both new and used models fall. Part of that drop is being blamed on changes to government incentive programs. 'The end of government support at both the provincial and federal levels has caused consumers to put their purchase plans on hold,' said Laforce. This hesitation, coupled with broader uncertainty around the shift to electric and hybrid vehicles, is pushing many people to hang onto their current vehicles for longer — something that benefits the auto repair industry. 'It's starting to be fun to see that we have these extraordinary machines. People want to keep them longer. Is it worth it? I think so,' said André St-Pierre, general manager at Garage Charles Turcotte. 'We're seeing more and more demand because of the change in cars. It's very encouraging; the potential is tremendous.' The trends playing out in Quebec are also being echoed in other parts of the country. - With a report by Noovo Info
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ATS proves defensive prowess with a profitable Q1 2026
Automation leader ATS Corporation (TSX:ATS) reported Q1 F2026 results, ending June 29, 2025, continuing a stretch of uninterrupted profitability that extends back to 2015, driven by increasing industrial demand to ramp up efficiency and enhance margins Revenue, for its part, jumped by 4.5x from C$591.1 million in F2013 to C$2.7 billion adjusted in F2025 ATS stock has added 7.01 per cent year-over-year, 125.58 per cent since 2020 and approximately 200 per cent since 2015 Industrial automation leader ATS Corporation (TSX:ATS) reported Q1 F2026 results, ending June 29, 2025, continuing a stretch of uninterrupted profitability that extends back to 2015. This content has been prepared as part of a partnership with ATS Corporation, and is intended for informational purposes only. Here are the highlights: Revenue added 6.1 per cent year-over-year (YoY) to C$736.7 million thanks primarily to contributions from new acquisitions. Net income fell to C$24.3 million, down from C$35.3 million YoY, impacted by higher SG&A, stock-based compensation and net finance costs. Adjusted EBITDA was C$101.5 million, down from C$106 million YoY. Order bookings of C$693 million, down by 15.2 per cent from C$817 million YoY. Order backlog of C$2.06 billion, up by 9.9 per cent YoY. The money-making quarter adds to a value-accretive run for ATS, including positive net income since 2015, complemented by a 4.5x jump in revenue from C$591.1 million in F2013 to C$2.7 billion adjusted in F2025. Over the past five years, momentum remains palpable, with net income rising from C$64.09 million in F2021 to C$144.4 million adjusted in F2025, and revenue following suit, climbing from C$1.43 billion to C$2.53 billion, respectively, despite lingering post-pandemic inflation and the threat of US tariff renegotiations. Management is confident in ATS's ability to deliver increased profits and market share, regardless of how US tariffs play out, thanks to the majority of the company's shipments from Canada into the US complying with the US-Mexico-Canada trade agreement, and equipment and product adjusted revenues from its Canadian and European operations being sold into the US remaining consistent at just over 20 per cent since Q4 F2025. From a broader perspective, according to the Q1 F2026 news release, management expects to be shielded from short-term economic uncertainty thanks to rising demand for its automation solutions to counteract labor shortages, higher labor costs, production onshoring or reshoring and the ever pressing, cross-industrial need for more efficient production to remain competitive in the marketplace. As expressed in the Q1 F2026 news release, 'supply chain impacts resulting from shifting trade dynamics have been largely mitigated through alternative sourcing, along with pricing strategies. While the company could see impacts over time arising from unmitigated costs related to the tariffs themselves, potential supplier price increases, and the timing and geographic shifts in customers' capital deployment, ATS's global footprint and decentralized operating model, supported by the ATS Business Model (see slide 8 of the August 2025 investor deck), provide some flexibility to address potential disruptions over the long term.' Management estimates Q2 2026 revenue to be between C$700 million and C$740 million, supported by stable to strong demand across its business segments. Leadership insights 'Today ATS reported our first quarter results for fiscal 2026, with revenue growth, including contributions from recent acquisitions, and adjusted earnings margins in line with our expectations,' Andrew Hider, ATS's outgoing chief executive officer (CEO), said in a statement. 'These results reflect continued focus on our value drivers, the resilience of our business model and the dedication of our global teams.' 'ATS is well-positioned as a leader in automation, supported by our strong presence in growing, diversified end markets, a sizeable, high-quality order backlog and the ATS business model firmly entrenched within the culture of our decentralized businesses,' added Ryan McLeod, ATS' chief financial officer and incoming interim CEO. 'Our leadership team is well prepared to leverage these advantages and drive value during this transition period.' About ATS ATS, founded in 1978, is a top automation solutions provider to the world's most successful companies, including multinational brands in life sciences, energy, transportation, consumer products and food & beverage. Its operations span more than 65 manufacturing facilities and over 85 offices in North America, Europe, Asia and Oceania. ATS stock (TSX:ATS) is down by 5.97 per cent on the news trading at C$40.13 as of 10:51 am ET. The stock has added 7.01 per cent year-over-year, 125.58 per cent since 2020 and approximately 200 per cent since 2015. Join the discussion: Find out what everybody's saying about this automation stock on the ATS Corporation Bullboard and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
