Tahir Ayub, previously a partner at PwC (PricewaterhouseCoopers), has been tapped as OpenRoad Auto Group’s new Executive Vice President & Chief Financial Officer. In his new role, he will be expected to steer the business through its next stages of …
Virginia is the latest U.S. state to adopt California’s emissions standards after passing a “Clean Car Standards” bill recently approved by the state legislature and awaiting the governor’s signature. The new legislation is also supported by the Virginia Auto Dealers …
Reeling from U.S. sanctions, China’s Huawei is planning a foray into the electric vehicle market by making EVs under its own brand. The telecom giant could launch some models as early as this year, according to Reuters. “Huawei Technologies Co …
A new online car auction site known as Fast Car Bids and headquartered in Montreal, Que., is set to launch in early March. The company aims to take the stress out of the buying and selling process of typical car …
Car production in the U.K. was down 27.3% in January 2021 year-on-year; only 86,052 cars were built during this time, making it the worst January since 2009. It also marks the 17th consecutive month of decline. “The ongoing effects of …
A new report from J.D. Power, the Electric Vehicle Consideration Study, shows that while most car buyers shopping for electric vehicles do end up selecting a Tesla, “they hardly go into the process completely sold on the brand,” said CNET, …
DesRosiers Automotive Consultants (DAC) released its provincial sales numbers for January 2021, noting that Quebec saw an estimated sales decline of 39.1% during the month due to stricter lockdowns that saw many in-store retail businesses closed or partially closed and …
The latest automotive market update from Canadian Black Book reveals that average wholesale used vehicle prices in Canada are on the rise — for the first time in months. According to the report, prices climbed slightly this past week and …
ADESA and TradeRev have launched a new 30-day return guarantee that is available to its customers in Canada. The subscription service is known as ADESA Assurance and allows participating dealers to return eligible vehicles within 30 days for a full …
A global B2B automotive trading platform known as TRADE X and meant for all B2B players in the ecosystem (including OEMs and fleet and car dealers) to buy and sell used vehicles, announced that it has secured new growth capital …
J.D. Power’s 2021 U.S. Vehicle Dependability Study is at an all-time high according to the company, with the overall level of issues cited by owners down 10 per cent year-over-year. “The study results validate what we have known for some …
The National Automobile Dealers Association (NADA) is forecasting 15.5 million sales units for 2021 in the United States, with the expectation that those numbers will reach back into the 16 million range in 2022, according to Patrick Manzi, Chief Economist, …
