After months of bad news and hints of good to come, Canadian Black Book’s COVID-19 market update for August 5, 2020 finally offers information and insights auto retailers can appreciate. July, for example, was an impressive month for new car …
Canada will retaliate should the United States follow through with imposing a 10 per cent tariff on certain Canadian aluminum products on August 16. “In response to the American tariffs, Canada intends to swiftly impose dollar-for-dollar countermeasures,” said Canada’s Deputy …
Mercedes-Benz and CATL (Contemporary Amperex Technology Limited), which develops and manufactures lithium-ion batteries, are moving forward with a partnership that aims to create battery technology for the OEM’s electric models. It is all part of the automaker’s goal to accelerate …
U.S. used vehicles prices are up thanks to unique market conditions created as a result of the novel coronavirus pandemic, according to Edmunds. In a news release, Edmunds said its data indicates that the average listing price for all used …
The Honda Civic and Ford F-Series have maintained their top spot in the new vehicle sales market — even as these models experienced significant declines in the second quarter and first half of the year, according to DesRosiers Automotive Consultants …
New vehicle prices in the United States jumped two per cent ($749) year-over-year in July, while also decreasing 1.2 per cent ($473) from the previous month, according to the valuation analysts at Kelley Blue Book. They also estimate that the …
As COVID-19 cases continue to climb in the United States, automotive digital marketing platform PureCars released a report meant to provide insight into the current situation for dealers and help get them through the remaining summer period. Jeremy Anspach, Founder …
Jim Hackett, Ford Motor Company’s President and CEO since 2017, is retiring from the company. Chief Operating Officer Jim Farley has been tapped as his successor and will officially take the helm on October 1, according to a company news …
Proposed updates to the Canada Emergency Wage Subsidy (CEWS) program that were reflected in Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent on July 27. Changes include the extension of the program until December 19 — including …
Panasonic Corp recently announced that it plans to boost the energy density of the 2170 lithium-ion battery cells that it supplies to Tesla by 20 per cent over the next five years. The cells are currently made with nickel-cobalt-aluminum cathode …
The Insurance Institute for Highway Safety (IIHS) and Consumer Reports have provided a first-ever list of the most recommended used vehicles for teens. In curating this list the industry leaders considered price, performance, reliability and safety, among other criteria. Based …
Volkswagen Group reported first-half operating losses of $940 million (800 million euros) this past Thursday due to a 27 per cent drop in vehicle deliveries. “The first half of 2020 was one of the most challenging in the history of …
