EBay is banning the sale of air bags and air-bag parts on its website, beginning next month, following multiple reports of fatalities involving components believed to be counterfeit and installed in used cars. The e-commerce platform said that air-bag inflaters—which ignite and rapidly fill an air bag during a crash—will no longer be permitted to be sold on eBay by any seller, nor will air bags themselves. “This decision was made following a comprehensive review of the risks these products may pose to eBay users,” the company said in a statement announcing the move. The policy goes into effect Sept. 24. The statement didn’t mention counterfeit parts. An eBay spokeswoman declined to comment beyond the statement. 

Source: Wall Street Journal

When compared to a new car, you're not missing out on much going with a truck. These days, they come with all the same innovative additions you'll find in smaller fare, making for great personal vehicles. And when it comes to resale value, trucks do better than cars over time. After all, they're utility vehicles made to handle hauling, towing, and driving through rough terrain, and as such, they're expected to hold up better.

As new models roll out, older trucks keep doing the same job just as well. That also means that with a few upgrades, an older truck can often still be a good pick for used buyers. So when you finally decide to let go of yours, there's a chance you're in for a good deal on the used market.

However, while trucks generally do better than cars, that's not necessarily true of every truck model. Some depreciate a lot faster. Here are a few that hold their value best, and some that lose it the fastest.

Holding Their Value	Losing Their Value
Toyota Tacoma	Chevrolet Colorado
Toyota Tundra	RAM 1500
Ford Ranger	Ford-F150
GMC Canyon	GMC Sierra 1500
Ford Maverick	Chevrolet Silverado 1500

Source: SlashGear

Toyota Motor’s global vehicle sales and production fell in July, dragged down by steep declines in China and the Middle East that outweighed a stronger showing in Japan, the automaker said Friday. According to the automaker’s detailed report, global sales dropped 4.8% from a year earlier to 856,125 vehicles, while production fell 2.1%. China again drove the bulk of the decline. Sales there plunged 24.3%, marking a sixth consecutive month of decline, as higher gasoline prices cut into demand for both hybrid and traditional combustion-engine vehicles, Toyota said.

Source: CBT News

The two used-vehicle segments whose prices increased notably from July — luxury cars and the car segment (i.e. sedans, coupes, wagons, convertibles, etc.) — climbed for an ironic reason. They’re affordable. While used prices of most segments were flat month-over-month in August, car segment prices were up 1.0% and luxury car prices were up 0.9%, according to the latest Carfax Used Car Index report. Comparatively, used SUV prices were down 0.2% month-over-month and climbed 3.6% year-over-year, and pickup truck prices fell 0.4% from July but were up 3.7% from a year ago, according to Carfax. Hybrid/EV prices fell 0.4% month-over-month but climbed 7.2% from August 2025.

Source: Auto Remarketing

Nissan Motor and Honda Motor have agreed to jointly develop key systems and software that form the core of next-generation vehicles, after a planned merger fell through last year. The Japanese automakers said Monday that they signed a joint development agreement and aim to adopt the architecture incorporating the jointly developed systems and software in their vehicles from the fiscal year starting in April 2029. By standardizing these technologies, Nissan and Honda aim to leverage their combined engineering expertise and resources to improve competitiveness through reduced development costs and greater economies of scale, the two companies said.

Source: The Wall Street Journal

On Sunday, Canada’s union, Unifor, announced that General Motors employees in Ontario voted to approve a new three-year labor agreement that adds production of the next-generation heavy-duty GMC Sierra pickup at GM’s Oshawa plant. According to Unifor, the agreement calls for GM to invest roughly $103.6 million (C$144 million) in the Oshawa facility and includes more than approximately $719 million (C$1 billion) in combined Canadian investments. That total includes about $497.1 million (C$691 million) for next-generation V8 engine production, announced in April, and roughly $154.7 million (C$215 million) for new-generation transmission assembly at GM’s St. Catharines plant, set to begin in late 2029. GM also pledged not to sell or close its idled second Ontario assembly plant in Ingersoll for the duration of the contract.

Source: CBT News

President Donald Trump said tariffs on Canadian-built cars, trucks, auto parts and steel will rise to 50% starting Jan. 1, 2027, in an Aug. 24 post on Truth Social. The increase would double the existing 25% tariff the U.S. already imposes on non-U.S. content in Canadian-built vehicles under Section 232 of the Trade Expansion Act. Toyota and Honda build the majority of vehicles manufactured in Canada, including the Toyota RAV4 and Honda CR-V, two of the best-selling SUVs in the U.S. Both models are exported from Canada to American dealers, putting the two automakers squarely in the path of the new tariff.

Source: CBT News

When Volkswagen Chief Executive Oliver Blume took a cost-cutting plan to his board this summer that envisioned a doubling of job losses to 100,000, he was fully aware it would be rejected. Such is the predicament of running Germany’s premier industrial company, where half the supervisory-board directors are worker representatives and swing votes are held by the local government.

Source: Wall Street Journal

Japan's Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with ‌the matter. The plan, reported here for the first time, is one of the most striking examples yet of how Japanese automakers are scrambling to deal with intensifying competition from China. BYD and other Chinese electric vehicle (EV) makers are capturing sizeable market share in Southeast Asia, Latin America and Europe, powered by advanced software and battery technology — and prices that are by far the industry's lowest.

Source: Reuters

The cost gap between repairing electric vehicles and internal combustion engine (ICE)-powered cars in Canada has shrunk to its narrowest margin on record, according to new data from auto claims technology firm Mitchell. The company’s study on the second quarter of 2026, called Plugged-In: EV Collision Insights, found the average repairable claim for a battery electric vehicle (BEV) in Canada came to $6,645, compared with $5,411 for an ICE vehicle — a difference of $1,234. 

That gap is the smallest Mitchell has recorded since it began tracking the metric and continues a steady narrowing over the past several quarters.

Plug-in hybrid electric vehicles (PHEVs) cost $6,227 on average, while non-plug-in hybrids averaged $6,080. 

Significant Shift

The report says the shrinking premiums are a significant shift for the industry, as EVs generally have more complex systems than ICE vehicles and therefore have historically been more costly to repair. However, the report also cautions that trade tensions between Canada and the U.S. may reverse the trend given electric vehicles’ heavier reliance on manufacturer parts. 

The cost of U.S.-made parts could rise due to the ongoing tariff disputes. Mitchell found 84.74 per cent of parts on BEV repair estimates went toward OEM parts, compared with 61.44 per cent for ICE vehicles. Electric vehicles were also less likely to have damaged parts repaired rather than replaced outright: just 14.81 per cent of BEV parts were slated for repair, versus 16.6 per cent for ICE vehicles.

Diverging Trends

Canada’s recent EV trends diverge from those south of the border. While BEV sales have softened in the U.S., Canada is moving in the opposite direction. New electric vehicle sales in Canada rose 21 per cent in the first four months of 2026 compared with the same period a year earlier, the report found. As a result, both BEVs and hybrids each accounted for more than five per cent of repairable claims in Canada last quarter, setting new highs. BEV claims volume climbed 12 per cent year-over-year, while hybrid claims jumped 28 per cent. BEV repair claims in the U.S., however, have remained at 3.32 per cent since Q1 YEAR.

Regionally, British Columbia and Quebec posted the highest shares of BEV repairable claims among the North American markets Mitchell tracked, at 9.34 per cent and 9.19 per cent, respectively. This reflects those provinces’ higher rates of EV adoption.

Mitchell’s report is based on estimating data collected from collision repair shops and insurers across North America. The company said the findings point to a collision repair industry that will increasingly need to service a broader mix of electrified vehicles as hybrid and battery-electric models continue to gain ground on the road.

Source: Electric Autonomy Canada

Volkswagen has appointed Marco Schubert as the new North American leader for VW Group, replacing Kjell Gruner on Oct. 1. In this role, Schubert will oversee the group’s North American operations and report directly to CEO Oliver Blume. The appointment is part of VW’s strategy to regain momentum in a key market, especially as the company faces challenges in both China and Europe while trying to expand in the U.S. U.S. tariffs weigh heavily on VW’s strategy, since the company imports vehicles from Mexico and other markets. VW expects the duties to cost the company €5 billion (about $5.6-5.8 billion) annually, and cited a €5 billion hit again in its Q3 report.

Source: CBT News

Ford Motor is setting an ambitious sales target for its new electric truck that has only been met by Tesla in the U.S. The automaker aims to sell more than 100,000 of the trucks in its first year of production, according to people familiar with the matter. The truck, called the Ford Fathom, starts around $30,000 and will go on sale next year. Ford is seeking mainstream sales not seen by its earlier, more expensive electric vehicles. The Fathom will be made on a built-from-scratch assembly line in Louisville, Ky. Executives have said the truck will feature technology designed to compete with Tesla and upstart Chinese automakers, with a price tag similar to mainstream sedans and SUVs. Ford will begin taking customer orders early next year.

Source: Wall Street Journal