Ontario’s Policaro Group announced its first non-fungible token (NFT) collection aimed at raising funds for the dealership’s foundation. An NFT is a unit of data stored on the ledger, the blockchain, and can be sold or traded. Non-fungible tokens can …
International opposition over a proposed U.S. electric vehicle tax credit is gaining momentum—with the European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries saying the proposal violates international trade rules. “The U.S. Congress is considering a …
In a recent Auto Express column, Mike Rutherford points to a number of hurdles for consumers to purchase an EV, from cost to power cuts, legislation, and additional central heating system installations. “The cold, harsh economic reality is that many …
Hertz, which reportedly purchased 100,000 Teslas, will add another 50,000 vehicles as part of a new deal with Uber. “Ride-hailing giant Uber is going electric in the USA, with a huge new fleet of Tesla Model 3 cars,” said The …
Hyundai and Factorial Energy, a solid-state battery firm, recently entered a new partnership aimed at creating next-generation batteries. “Factorial said it stumbled upon a breakthrough in solid-state battery technology, based on a ‘proprietary solid electrolyte material,’” said CNET, later adding …
Tesla is recalling 2,791 vehicles because some of its models may be defective, according to Green Car Reports. The OEM is recalling certain 2019-2021 Model 3 and 2020-2021 Model Y vehicles because the front suspension lateral link fasteners could loosen …
New vehicle dealers “bounced back strongly” in the first half of the year, when retail sales jumped 39.4% from the low levels of the first half of 2020 and reached record heights. Retail sales even exceeded the levels seen in …
Prices for used vehicles in the Canadian wholesale market continue to rise, now for the 11th straight week, with 21 of 22 vehicle segments experiencing price increases as lack of inventory continues to drive prices up higher, according to Canadian …
General Motors announced a new Dealer Community Charging Program to install up to 40,000 Level 2 electric vehicle chargers across the United States and Canada. The OEM and its dealers will work together to expand access to charging in local …
Kitchener Honda provided a free vehicle to someone “in need and deserving” as part of its vehicle giveaway event. The winner was selected on October 1, but his or her name was not publicly announced. The Ontario dealership received 250 …
ADESA recently launched a new tool to improve the reconditioning process and optimize return on investment for sellers. The tool is also available to dealers in Canada. The technology uses millions of data points on vehicles, repairs and sales to …
Derek May, Account Executive, Technology & Cyber Specialist at HUB International Insurance Brokers, explores the 2021 cyber landscape for automotive retailers, and talks about cyber insurance and what dealers need to know.
