The Canadian used wholesale market saw a decline of -0.34% in pricing for the week ending on Sept. 21, according to Canadian Black Book — a decline that rose from the prior week’s -0.45%, but remained steeper than the 2017-2019 …
DesRosiers Automotive Consultants released its latest update on the Canadian automotive aftermarket, which interested dealers will note shows significant channel share shifts. The aftermarket has experienced remarkable stability in recent years, despite the pandemic, more work-from-home, the semiconductor issue, vehicle …
Hyundai Auto Canada said it’s been named one of the 2024 Best Workplaces for Giving Back by Great Place to Work — an honour it received following an independent analysis conducted by Great Place to Work. “At HAC, our daily …
Canada is not the only North American country putting its efforts into an electric vehicle battery supply chain; the United States wants to secure one too. Group14 Technologies, known for working with advanced silicon battery materials, has been selected for …
A recent survey of Quebecers’ attitudes towards zero-emission vehicles found that 40% of respondents would not consider a ZEV for their next vehicle, as concerns over pricing, vehicle range, and a lack of charging infrastructure remain. The survey was conducted …
A new report from Equifax Canada points to a rise in automotive fraud driven largely by identity theft and falsified credit applications. The company said in a news release that application fraud is down in some areas, but that auto …
Media reports buzzed this week with the story that China’s car dealers are struggling with significant financial losses. According to the Business Standard, those losses amounted to more than 138 billion yuan ($19.55 billion). They say it’s due to sluggish …
Fraud loss is on the rise, with Canadian auto shops experiencing a significant 89 per cent increase year-over-year from 2022 to 2023, according to data from payment service provider Moneris. One of the main culprits of this issue is “MOTO …
HGreg has announced the expansion of its pre-owned luxury car brand HGreg Lux. The North American auto group said they now have a new boutique location in West Palm Beach, Florida, representing its third HGreg Lux location. “We’re delighted to bring …
Globally the electric and fuel cell vehicle markets were valued at US$655.9 billion in 2023 and are expected to grow from US$758 billion in 2024 to US$1.8 trillion by 2029, according to the latest BCC Research study. The increase is …
Eighty per cent of global commercial fleet leaders would like to electrify 25 per cent of their fleets by 2030, according to Frost & Sullivan. A new report, commissioned by WEX and conducted by Frost & Sullivan, provides insights into …
Clean electric vehicle charging company JOLT kicked off a nationwide initiative to electrify the country with its first installation in the City of Richmond Hill, which is part of the Greater Toronto Area (GTA). In a news release, the company …
