Canadian auto sales dip in May
For the first time this year, and only the second time since December 2013, new-vehicle sales in Canada were lower in May than in the same month a year earlier. Sales of 194,866 new vehicles were down just 1.6 per …
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Dealers want business partner relationship with lenders
According to the J.D. Power 2016 Canadian Dealer Financing Satisfaction Study, Canadian auto dealers are now more than ever bridging the relationship between themselves and finance providers. Instead of relying on the finance companies to simply provide financial services, the …
Most Ontarians say no to car tax
Nearly three-quarters of Ontarians think the provincial government should slam the brakes on a municipal car tax, found a recent Nanos poll. The poll was commissioned by the Trillium Automobile Dealers Association (TADA), which has been advocating for the past …
Federation Hall unveiled at ABSC
The Canadian Automobile Dealers Association, along with representatives from provincial dealer associations, officially unveiled Federation Hall, the newly-renovated student lobby at the Automotive Business School of Canada in Barrie, Ont. this morning. Last year, CADA and provincial association executives announced …
Video exclusive: CADA announces 2016 Laureate finalists
Canadian Automobile Dealers Association (CADA) has announced the finalists for this year’s prestigious CADA Laureate dealer recognition program. These 15 national finalists have been selected in three categories, including ambassadorship, business innovation and retail operations. To find out who this …
Canadian auctions adopt new standards
Canada’s auto auctions will officially implement a national uniform system of standards to ensure consistency and accuracy in the certification of wholesale used vehicles. Effective June 1, 2016, Canada’s auctions will be adopting the National Certification Standard (NCS) launched by …
OpenRoad VW opens in Burnaby
OpenRoad Volkswagen in Burnaby, B.C. is officially open for business. The 45,000 sq.ft. store is the latest addition to OpenRoad Auto Group, which operates 17 full-service car dealerships in British Columbia. The dealership features a high-tech showroom which includes a …
ADESA launches 14th Canadian location
ADESA has announced the launch of ADESA Windsor, the company’s 14th full-service Canadian auction location. Formerly ADESA Kitchener’s satellite location in Tilbury, the new ADESA Windsor facility will serve southwestern Ontario and U.S. dealers, brokers, manufacturers and other customers. Anil …
Dealers seek more lease options
According to a new poll by Swapalease, many U.S. dealers are seeing opportunity for lease deals on used cars and trucks. Around three-quarters of the 250 automotive executives and dealerships surveyed across the U.S. believe used lease offers could help …
Open auto loans hit $1-trillion
Open automotive loans have now topped $1-trillion in the U.S. for the first time on record, announced Experian Automotive in a recent report. The global information services company said the total balance of open automotive loans climbed 11.1 per cent …
Find value in your store
Business Valuation Resources (BVR) has released a report to help dealers prepare their businesses for sale. The new report provides key valuation techniques for appraisers, along with real-world data with market trends and insights on building value in dealerships. “Changing …
Tips to drive web traffic
Autobytel, a U.S. automotive marketing services company, has come out with five handy best practices to help dealers drive high quality car buyers to their websites. “While search engines and social media channels are good sources of automotive website traffic, …
