Automotive Properties Real Estate Investment Trust (REIT) has entered into an agreement to acquire the Straightline Kia Property in Calgary, Alta., for approximately $8.4 million. “We remain well-positioned to continue expanding our portfolio with high-quality property acquisitions in strategic metropolitan …
Canadian Black Book’s Retained Value Index dipped in October for the first time in seven months, by 0.2 index points, after previously experiencing month-over-month gains. The index looks at the actual retained value of two to six year-old vehicles in …
OpenRoad Auto Group dipped into its Vancouver, B.C., dealerships and selected a Canadian talent to lead operations of its luxury brands in Seattle, Washington. Aly Jiwani, who is currently the Area General Manager of The BMW Store, MINI Vancouver, Rolls-Royce …
For the sixth consecutive year, the Mercedes-Benz Toronto Retail Group is teaming up with the volunteer-led Toronto Firefighters’ Toy Drive to help provide gifts to children across the Greater Toronto Area prior to the holiday season. The Mercedes-Benz Toronto Retail …
The eighth annual TalkAUTO Canada conference, hosted by Canadian Black Book and J.D. Power, welcomed more than 400 Canadian auto industry executives (OEM, dealer, finance, and supplier), along with media representation, on November 6 at the Universal Eventspace in Vaughan, …
Auto entertainment company SiriusXM Canada announced a new partnership with Dealer Management Systems provider PBS Systems that will see SiriusXM Canada Pre-Owned and Service Lane programs integrated into the DMS dealer management product. “We are very excited to partner with …
Chinese electric vehicle brand Byton has received a dealer licence from the state of California for its U.S. retail entity, and a distributor licence for its North American distribution entity. The state’s dealer licence will allow the company to sell …
The importance of digital retailing continues to grow among consumers, with a vast majority of Americans demonstrating a preference towards purchasing their holiday gifts online, according to an infographic from Leanplum. The California-based company, a multi-channel engagement platform, revealed that …
Canada’s new light vehicle segment performance saw light trucks continue to pull ahead of passenger cars in Q3, according to a report from Desrosiers Automotive Consultants Inc. (DAC). Passenger car sales declined 16.7 per cent during this period, with 129,165 …
Construction of the new 50,000 square-foot Porsche Centre in Ontario, one of the first centres worldwide to feature the brand’s new global retail architecture, is currently underway. The centre will be located at Cadillac Fairview (CF) Markville mall and will …
TD Auto Finance is bringing all of its commercial auto services under one roof, according to a company news release. Auto accounts from TD Commercial Banking have already moved under TD Auto Finance as the company seeks to improve service …
Global sales of electric vehicles are expected to reach approximately 30 million units by 2025, while connectivity applications such as telematics are anticipated to grow in scope, according to a Frost & Sullivan news release. The consulting firm said the …
