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 …
Quebec narrowly missed its sales target of putting 100,000 electric vehicles on the road by 2020, as the province sold an estimated 92,000 battery-powered units. Simon-Pierre Rioux, President and Founder of the Quebec Electric Vehicle Association (AVEQ), said there were …
Hyundai and Kia expect their combined global vehicle sales to increase by 11.5% in 2021 after decreasing for the past two years. “Their target of 7.08 million vehicles comes after the coronavirus pandemic sent sales last year tumbling 12% to …
Tesla aimed to deliver 500,000 vehicles in 2020, but fell short of meeting its goal by 450 cars. “Even though the company fell just a little short, it’s an impressive showing nonetheless,” said CNET. Tesla had to deliver approximately 181,000 …
One of the last steps in finalizing the FCA-PSA merger arrived on Monday, when shareholders of Peugeot-owner PSA gave the green light to move forward with the plan. “At a special shareholder meeting, the deal to form the new company …
Most provinces reported sales decreases for November when compared to the two months preceding it, according to DesRosiers Automotive Consultants (DAC). The exception was Newfoundland, which enjoyed an estimated sales growth of 4.0% year-over-year. “With the year expected to close …
The December 2020 forecast for annual vehicle sales in the United States is anticipated to close at nearly 15.54 million units — down from November’s 15.6 million pace and down 16.8 million units year-over-year, according to Cox Automotive. The 2020 …
