STOCK TITAN

CARFAX Canada Asks – Is Your Vehicle Ready for the Cold and Snowy Winter Ahead?

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

CARFAX Canada predicts a challenging winter for Canadians with potentially record-breaking cold and snow. Statistics reveal that over 1/3 of accidents occur in winter months, emphasizing the necessity for appropriate winter tires. Current findings show only 76% of car owners utilize winter tires, and 80% have avoided driving due to snow. The company advises tire changes when temperatures drop to 7°C or lower. CARFAX Canada Car Care offers maintenance reminders, promoting vehicle readiness for the winter months.

Positive
  • CARFAX Canada promotes safe driving by highlighting the importance of winter tires based on winter weather predictions.
  • The availability of CARFAX Canada Car Care helps vehicle owners manage maintenance more effectively.
Negative
  • Only 76% of Canadian car owners use winter tires, suggesting a potential risk for accidents during winter months.
  • Just 19% of Canadians feel comfortable driving in snowy conditions, indicating widespread concern and lack of confidence.

The Farmers’ Almanac is calling for record-breaking winter weather this season

LONDON, Ontario--(BUSINESS WIRE)-- Winter weather is quickly approaching and according to the Farmers’ Almanac it’s going to be a very cold and very snowy winter. CARFAX Canada, provider of the country’s #1 vehicle history report, finds that over 1/3 of all accidents that appear on their reports took place during winter months.1 While there are many factors that can lead to collisions, having the proper tires is one of the more crucial preventative measures Canadians can take in winter weather.

CARFAX Canada finds that 1/3 of reported accidents take place in winter months and reminds Canadians the time to consider winter tires is approaching. (Photo: Business Wire)

CARFAX Canada finds that 1/3 of reported accidents take place in winter months and reminds Canadians the time to consider winter tires is approaching. (Photo: Business Wire)

CARFAX Canada asked Canadians their thoughts on driving in winter weather and tires, and found:

  • Only 76% of Canadian car owners use winter tires
  • 80% of Canadians said that they had decided not to drive somewhere because of the snow
  • Just 19% of Canadians feel comfortable driving in the snow2

“Once winter looms closer, there’s often uncertainty around when you should be switching to winter tires,” says Shawn Vording, VP of Product & Sales at CARFAX Canada. “Generally, once the temperature is 7°C or lower for a few days, you should start planning to swap them out. It’s tricky to time it just right, as putting them on too early can cause the tread to wear down faster, but it’s important to get them on before the first snow hits.”

“Canadian winters can be hard on your vehicle, that’s why we created a tool that makes tracking your car maintenance easier,” continues Vording. “CARFAX Canada Car Care helps vehicle owners stay on top of complicated car maintenance schedules by sending helpful reminders that alert users of upcoming service recommendations like oil changes, belt replacements and even when to focus on your tires.”

To make sure you and your vehicle are winter-ready read more about how important winter tires are and stay up-to-date with your vehicle maintenance by using Car Care.

About CARFAX Canada

CARFAX Canada, a part of S&P Global (NYSE: SPGI), is Canada’s definitive source of automotive information, delivering vehicle history, appraisal and valuation. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers and sellers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history and valuation information to dealerships, vehicle manufacturers, consumers, major auctions, governments, insurance providers and police agencies. www.carfax.ca

Connect with CARFAX Canada on Instagram, Facebook and LinkedIn.

1 Based on accident claims reported to CARFAX Canada over the last 5 years
2 CARFAX Canada survey of 865 Canadians, Fall 2021

For further information about CARFAX Canada or for an interview with a CARFAX Canada representative, please contact:

Brittney McKee, Director, Brand Marketing at CARFAX Canada

bmckee@carfax.ca

+1.226.680.1712

Source: CARFAX Canada

FAQ

What are the winter weather predictions for Canada according to CARFAX Canada?

CARFAX Canada is anticipating a very cold and snowy winter, potentially record-breaking.

How many accidents occur during winter months in Canada?

According to CARFAX Canada, over 1/3 of all accidents reported happen during the winter months.

What percentage of Canadians use winter tires?

Only 76% of Canadian car owners reportedly use winter tires.

What is the recommended temperature for changing to winter tires?

CARFAX Canada advises changing to winter tires when temperatures drop to 7°C or lower.

How many Canadians feel comfortable driving in the snow?

Only 19% of Canadians feel comfortable driving in snowy conditions.
S&P Global

NYSE:SPGI

SPGI Rankings

SPGI Latest News

SPGI Stock Data

148.58B
307.16M
0.17%
90.59%
0.81%
Financial Data & Stock Exchanges
Services-consumer Credit Reporting, Collection Agencies
Link
United States
NEW YORK