BMW announced on Thursday that it expects to hit profit targets for 2021, as the OEM reported an increase of 33.5% in its first quarter sales results. The announcement caused the company’s shares to increase slightly. In March, BMW announced …
Hyundai has addressed rumours that all models of the Veloster hatchback, with the exception of the N model, will be discontinued. Although some news outlets speculated earlier this month that Hyundai had quietly discontinued the Veloster, the OEM has squashed …
Don Romano, president and CEO of Hyundai Canada announced at a special event on Thursday April 8th an investment of more than $250,000 in Georgian College and the Automotive Business School of Canada over seven years to support Black …
The Province of Ontario has declared an emergency and provincewide stay-at-home order which is in effect as of Thursday, April 8, 2021 at 12:01 am. These shutdown measures are the most stringent seen to date and have been put in …
A new all-time record was set in March 2021 according to the Canadian Black Book Used Vehicle Retention Index, which tracks the retained value performance of two to six-year-old vehicles. The index rose to 118.6 in March, an increase of …
Canadian automotive dealers now have access to more first-run, off-lease inventory as ADESA Canada announces new daily sales in an open auction that will take place Mondays through Fridays at 10:30 am EDT. ADESA, which is a business unit of …
Quorum Information Technologies Inc. announced a partnership agreement with EDealer, Canada’s largest franchised website supplier. Quorum develops, markets, implements and supports a portfolio of software and services for automotive dealerships. Their software portfolio includes XSellerator (a Dealership Management System or …
Canadian Black Book (CBB), which has been the trusted Canadian automotive industry source for vehicle valuations, data, and insights for over 60 years, announced that they have hired Dwain Samuels as their new director of sales and data licensing. As …
According to IDTechEX, a UK consultancy firm that helps companies profit from emerging technology, 1,000-mile battery-electric vehicles are “easy to make,” coming soon, and will have a profound effect on the market. In the company’s report, Solar Vehicles 2021-2041 2nd …
The ongoing effects of the Covid-19 pandemic have made analysis of new-vehicle sales in Canada during the first quarter of 2021 something of a toss-up. They can be interpreted as up or down, depending on the comparator — the chaotic …
Canadian auto dealer editor Todd Phillips interviews Darren Slind, Managing Director and Niel Hiscox, President, Clarify Group, a new research and consulting firm for the automotive industry and beyond. The new firm aims to combine industry expertise with next-gen …
Dealerware has recently been selected as the preferred fleet management partner for Audi Canada’s courtesy vehicle program, a success for the company which has focused on international expansion as of late. Dealerware started expanding into Canada last summer where they …
