Cox Automotive is forecasting a decline in auto sales of 24.2% in the U.S. during the first half of 2020, although June is anticipated to be another small step back to some semblance of normalcy. The seasonally adjusted annual rate …
U.S. new vehicle prices jumped $1,141 (3.1%) in June, year-over-year, while increasing $160 (0.4%) from last month, according to Kelley Blue Book. They estimate that the average transaction price for a light vehicle in the U.S. was $38,530 during that …
Ride-sharing appeared to have taken a hit during the pandemic, but a new company that launched its services in Ottawa, Ont., on Canada Day is promoting itself as green and socially responsible. Facedrive is a Canadian-owned company promoting its values …
The Canada-U.S.-Mexico trade agreement (CUSMA) launched on Canada Day, officially replacing the precious 26 year-old NAFTA. Global News said the flow of goods among the three nation members, worth around $1.2 trillion in 2019, declined in April to the lowest …
The new NAFTA arrives with new issues: it comes amid a pandemic, Trump is threatening tariffs on aluminum imports from Canada, and a well-known Mexican labour activist has been jailed — igniting concerns around labour reforms. “The champagne isn’t quite …
New car sales in the U.S. are down for the second consecutive quarter due in large part to stay-at-home orders and plant shutdowns. This heavily impacted sales between April 1 and June 30. According to Car and Driver: “the hard …
Tesla is now the world’s most valuable car company, overtaking Toyota after its stock reached a new record high, and a valuation of more than $208 billion. “Tesla’s stock has surged 17% this week alone, on Monday closing above $1,000 …
Volvo has recalled 2.18 million vehicles globally for defective seat belts. “The defect relates to a steel cable used in the front seat belt assembly that may fatigue and weaken over time, resulting in reduced restraint function of the seat …
It has been a busy week since Canadian Black Book’s latest COVID-19 Auto Industry Update was released, and there have been a lot of downs since last week. But there has also been some noteworthy improvement. On the down side …
Manheim Canada has introduced a vehicle disinfection service so that vehicles sold through Manheim Simulcast auctions are treated with a disinfectant solution to reduce the risk of customers being exposed to COVID-19. The announcement was made on June 29 and …
Infiniti announced the launch of a new program that will allow customers of the brand to customize the entire new vehicle shopping process to fit their needs and convenience. Known as Infiniti Now, the program ensures customers can shop online …
BMW has announced its support for Digital Key for iPhone, which will enable customers to use their iPhone as a digital car key to lock, unlock, drive and share with their friends. The announcement, made during an Apple Worldwide Developer …
