Toyota Research Institute — Advanced Development, Inc. (TRI-AD) announced this week that it will be expanding its operations. Effective January 2021, the company will launch a holding company and two operating companies. Woven CORE, Inc. and Woven Alpha, Inc. will …
Moving forward, Sunridge Automotive is increasing the precautions they take when accepting trades and buy-ins, after a truck the dealership had screened was discovered stolen. The vehicle in question had been re-VINed with a VIN that was not stolen, and …
International Fortune 500 automotive retailer Group 1 Automotive, Inc. reported a 2020 second quarter net income of $30.2 million this week and a second quarter total revenue of $2.1 billion. “Rapid and deep cost cuts, combined with a quicker-than-expected U.S. …
Car dealerships have met the challenge of COVID-19 by reinventing the sales and service process. British Columbia — and other jurisdictions — have begun the process of reopening their economy in a safe and responsible manner. BC’s New Car Dealers …
Amid the chaos and pain, is there an opportunity for reinvention? During the months after the COVID-19 lockdowns, the focus of all businesses will clearly be on hard issues: getting the business back to capacity, regaining lost revenue streams and …
The pandemic has disrupted the auto industry, but momentum towards EVs continues. It has been a tenet of the auto industry, since long before the COVID-19 pandemic upset everybody’s plans worldwide, that the future will be both electric and autonomous, …
How the highest-selling EV dealers climbed to the top and stayed there. We’ve had the pleasure of working closely with some of Canada’s best performing electric vehicle (EV) dealerships for years. It only seems fair that we reveal some of …
The longer-term impacts of the pandemic are just starting to manifest. It will be anything but business as usual for automotive retailers. Control over the COVID-19 pandemic appears to have improved, and many of us that have been working at …
Should I have a BDC? Should I have a separate Internet sales department? Should I just have all my salespeople reply to e-leads? These are currently some of the most asked questions by dealer principals and general managers. Let’s break …
Canada is on the path to a slow and fragile recovery, even as the pandemic is ongoing. Stimulus measures will be needed to accelerate that recovery and shield the economy. Despite a couple of months of gradual economic reopening and …
At the beginning of August there will be a new head of the Canadian Vehicle Manufacturers Association (CVMA) for the first time in more than a quarter century. Brian Kingston will be taking over the reins of the association from …
Providers have observed a greater need for modernized and integrated dealer systems, but what does this mean for auto retailers dealing with a global pandemic? There is no doubt that automotive technology and systems’ providers are seeing an accelerated need …
