OEMs are closing plants left and right to manage the impact of the novel coronavirus, but they have also rolled out various forms of “relief” for car buyers to help them get through the crisis. CNET said there are many “automakers that have rolled out new benefits to help ease financial hardship, and even gotten creative to ensure more people have a way to connect with loved ones during a period of intense social distancing or a quarantine.” (Source: CNET) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
Data from Equifax’s Canada Q3 Business Credit Trends Report may be of interest to dealers, especially those just starting out, as findings show newer Canadian businesses are driving significant growth in debt balances. The company said it sets a complex …
Go Auto has acquired two new dealerships in Richmond, B.C.: Go Richmond Subaru (formerly Richmond Subaru) and Go Richmond Kia (formerly Kia Richmond). “These acquisitions further solidify our presence in the Greater Vancouver Area and align with our strategic goal …
Uncertain times are having dealers wondering about their exit timing Many of us are looking forward to watching 2024 ride into the sunset. With eager anticipation, we are hoping to see a red sky followed by a year of dealer delight. …
Automotive industry players in Canada likely heaved a sigh of relief after the federal government announced trade talks between Canada and the United States will resume. Both parties are eyeing a deal by July 21. It was not Canada’s automotive …