Findings from a new Succession Readiness Report from MNP reveal that many retiring business owners, including dealers, are delaying or underestimating the importance of succession planning. In a news release about the report, MNP said these owners are leaving important …
As an occupational hazard, and it truly can be hazardous to my health, I can’t just turn off the news. For the better part of 30+ years, I’ve had to stay abreast of current issues, report on them, and even …
After being sidelined by COVID and supply issues, auto shows have roared back to life I have to admit, there was a period when I questioned what the future might hold for the traditional auto show. After all, the Vancouver …
Canadian Black Book recently released an update with several scenarios that look at the impact of U.S. auto tariffs on Canada’s automotive industry. However, they were clear to note that the tariffs will create “value instability through a sizable hole …
CreditApp Technologies has launched a branded dealer financing portal for automotive and powersports dealers across Canada, so they can fully personalize their buyers’ finance experience while showcasing their own brand. The company, which is headquartered in Calgary, Alberta, and is known …
DesRosiers Automotive Consultants described March as a month of change, with light vehicle sales estimated to have come in at 185,000 units — up 11.4% from a year earlier, and the best March total since 2018. Many things happened in …
Canadian-owned tire distributor Groupe Touchette has appointed Nicolas Touchette and Frédéric Bouthillier as Co-CEOs, alongside Egil Moller Nielsen as Chief Operating Officer, the company recently announced. The Co-CEOs will jointly oversee Groupe Touchette’s strategic direction. The leadership changes are in-line …
Canadian Black Book updated its Used Vehicle Retention Index for March 2025 to show the index sitting at 139.8 points, a difference of 0.9 points compared to February, when the index was 138.9. Year-over-year, the index decreased 2.4%. “Canadian Black …
A day after U.S. President Donald Trump announced sweeping tariffs on many global countries, some analysts say Canada’s auto industry got off easier than expected. Regardless, Canadian Prime Minister Mark Carney responded on Thursday with counter-tariffs, though it seems those …
As the Canadian automotive industry braces for the impact of tariffs on vehicles exported to the United States, its Southern neighbour is bracing for the impact on imported vehicles. Even before Wednesday’s “Liberation Day” announcement from U.S. President Donald …
The Canadian used vehicle market has begun to reflect a shift in values with an upward trend, according to Canadian Black Book. In its Market Insight update, CBB said that trend comes in contrast to the market’s behaviour from prior …
Eleven people residing in Quebec were arrested as part of an investigation called Project Carbon, an initiative targeting organized auto theft in the Durham Region in Ontario. The suspects in Quebec travelled to Durham Region, stole vehicles, and then transported …
