December auto sales in Canada proved surprisingly strong, considering the widely imposed restrictions stemming from COVID-19’s second wave, falling just 2.6% below 2019 levels. That December strength helped keep the annual sales decline for 2020 marginally below the 20% figure …
Quebec’s province-wide lockdown that officially took effect on Dec. 25, 2020 will now continue until Feb. 8, 2021, with the addition of a few new elements — including a curfew. For dealers operating in La Belle Province, there are some …
OpenRoad Auto Group’s dealership staff and corporate employees helped raise $46,800 for local food banks in British Columbia and Ontario. The funds were raised during the company’s inaugural OpenRoad Walkathon, which saw hundreds of staff associates from dealerships in both …
Canadian Black Book’s Used Vehicle Retention Index for December jumped 0.7% from November 2020 to reach 111.5 Index points, setting a new all-time high. The index was also up 2.9% year-over-year. CBB said there was an “unusually broad range of …
By connecting the dots between various platforms, Cox Automotive Canada has created an easier and more seamless remarketing process for dealerships. Partner Content Dealerships in Canada are always looking for better ways to efficiently source, fund, and deliver used vehicle …
Kia is doing away with its traditional corporate logo in favour of a new one that it says features “symmetry,” “rhythm,” and “rising” elements that reflect the automaker’s confidence and commitment to its customers. In a news release, the OEM …
Canadian auto dealer editor Todd Phillips interviews Stephen Poloz, former Bank of Canada Governor, about his upcoming CADA Summit talk on Feb. 3, 2021. Poloz was the governor at the start of the pandemic when the government rolled out …
Canadian wholesale vehicle prices were down for the twelfth consecutive week during the last week of 2020, with wholesale values for cars decreasing on average 0.30% and trucks declining 0.13%, according to Canadian Black Book’s COVID-19 update for the week …
This year, electric vehicles are expected to begin a slow entry into the automotive mainstream sector, according to ABI Research. The firm published a whitepaper (68 Technology Trends That Will Shape 2021) that identified 37 trends that will shape the …
The global autonomous vehicle market in 2019 was valued at US$54.21 billion and is expected to gain US$2,044.93 in value by 2030, according to Research and Markets. The sale of these vehicles on a global level in 2019 was valued …
U.S. consumers in a healthy financial position to purchase a vehicle amid the pandemic are not holding back when it comes to upsizing to a larger vehicle with more amenities, according to Edmunds. Their data shows the average down payment …
IHS Market is predicting a strong growth forecast for global automotive sales this year, rising 9% to 83.4 million, increasing another 5% in 2022 to 86.9 million, and then up 4% in 2023 to 89.7 million. Europe is expected to …
