New cars withstand crashes better than ever, yet U.S. traffic fatalities hit a 20-year high in the first half of 2022. Such contradictory data helps explain why the IIHS has toughened its safety criteria for the automotive industry’s most stringent …
Auto supplier giant Magna International is making a nearly half-a-billion dollar investment to EV-ready its Ontario footprint. The Aurora, Ontario-based company announced today it is investing $471 million into six facilities across the province. The majority of the money—$265 million—will …
Spoiler: Turns out, Metro Vancouver has some of the worst traffic on the continent. TomTom just published its 2022 Traffic Index which covers 389 cities in 56 countries and measures them by travel time and how long it takes to …
Four premium auto brands (Lexus, Genesis, Audi and Cadillac) were among Canada’s top ten sellers in 2022, a year of turmoil for the global auto industry. As supply woes strained the dealer network, the majority of automakers failed to even …
PHEVs provide an impressive transition between internal combustion engines (ICE) and battery electric vehicles. They can provide up to 50 miles of electric-only range, although the Mazda CX-60 PHEV that has just been tested managed just over an average 31 …
An executive with a global company that provides strategies to dealers looking to grow their client base suggests the number one thing they need to have is empathy for consumers. Jason Barrie, Chief Operating Officer of DAS Technology (formerly Digital …
U.S. Sales and inventory rates are up modestly from last year, says a new report from Cox Automotive. However prices for new vehicles remain high, despite the new supply available. Sales are expected to increase nearly four per cent from …
The S&P Global Mobility auto outlook for 2023 continues to carry a countercyclical narrative: they “expect production levels will continue to improve even as economic conditions are worsening through the early stages of the year”. Together with improving production volumes, …
The Canadian used wholesale auto market was down -0.29%, according to Canadian Black Book. The 2017-2019 average was -0.23%. The Canadian wholesale market for used cars declined, down -0.33%, and trucks were also down more from last week at -0.25%. …
Last week Lithia & Driveway reported the highest fourth quarter revenue in company history. According to a company release, the fourth quarter 2022 revenue increased 11 per cent to $7.0 billion from $6.3 billion in the fourth quarter of 2021. …
We may have to be prepared for some short-term pain before long-term gains To say that the past few years have been the catalyst to a ”new normal” would be an understatement. So many different world events since 2018, and …
Honesty and transparency about the economy will help with consumer anxieties Automobile dealerships have been some of the most affected by the current economic situation. After months of longing for more inventory, dealers are now caught in a scenario where …
