There was big news in the auction world this week, when auction services firm Adesa announced it had signed a definitive agreement to acquire Openlane, an Internet-based business-to-business automotive remarketing company for $210 million. In a prepared statement by KAR …
Canada will build Toyota’s first electric vehicles built in North America. Toyota and Tesla Motors Inc. announced that their jointly-developed RAV4 electric vehicle will be built at Toyota’s Woodstock, Ont. Manufacturing plant starting in 2012. “Our team members are fully …
smart Canada announced that the company has surpassed a significant milestone by delivering more than 20,000 units in Canada since the launch of the smart brand in the fall of 2004. To mark the occasion, Mercedes-Benz Canada President and CEO …
According to the Openlane Market Index, which monitors auction sales, in Canada during the month of the July, prices paid for vehicles at auction remained even compared with June, though there was a slight upward trend in demand compared with …
Conducted by automotive research and consulting firm AutoPacific, the annual U.S. Ideal Vehicle Awards (IVA) are designed to reveal the cars and trucks that most match the wants and needs of their owners, vehicles they’d be least likely to change …
Mazda’s lease customers can now benefit from Mazda Wear Protection on all leased vehicles, thanks to a new partnership with LGM. Mazda Wear Protection helps preserve the appearance and new-car experience by providing four categories of protection: Interior Protection; Front …
As with other aspects of vehicle design, battery selection is a compromise Just as the engine is the defining element in a conventional vehicle’s powertrain, the battery is at the core of the electric vehicle’s propulsion system. Which is why, …
Auto retailers that use a third-party loyalty program can achieve significant retention increases of 20 per cent and more, according to findings presented in a new white paper from MediaTrac, a U.S.-based marketing technology company. MediaTrac released their free Auto …
Thanks to a more formalized approach and dealer specific functions, Kijiji has become an effective tool for auto retailers to attract new customers As the world becomes more connected, the very notion of buying and selling goods and services is …
Strong luxury brands are a hedge against tough times While cumulative new-vehicle sales in Canada are up marginally in 2011 from year-ago figures, the month-to-month volatility in the market is enough to get a dealer hooked on Maalox. But there …
Some dealers see public auctions as a threat. Do they have a role? The use of auctions by dealers has been a recurring theme in this magazine, and certainly in some of my own articles, which have discussed certain advantages …
It’s one of the hottest days Toronto (and much of the rest of the country) has ever measured. Still, I can’t get a skiing image out of my head. All thanks to Best Buy. If we were starting down a …
