The third quarter of 2021 saw a decrease of 12.3% in new light vehicle sales in Canada, split between passenger cars and light trucks, with the majority of vehicle segments experiencing decreases, according to DesRosiers Automotive Consultants (DAC). “The impacts …
Prices continue to rise in the Canadian used wholesale market, now for the 13th consecutive week, based on Canadian Black Book’s latest auto market update ending on November 5. Most vehicle segments saw prices rise, even as dealers continue to …
AutoCanada acquired a Stellantis dealership located in Crystal Lake, Illinois, in November, known as Crystal Lake Chrysler Jeep Dodge Ram. This is AutoCanada’s first Stellantis dealership in the United States, which expands the group’s presence in the Chicago metropolitan market. …
As interest in electric vehicles increases among automakers, consumers, and governments, Subaru unveiled its new battery electric vehicle (BEV) known as Solterra, and plans to show it off on November 17 at the LA Auto Show. This was the brand’s …
Kijiji Autos and Cox Automotive Canada teamed up to launch a digital retail marketplace that leverages Dealertrack and Kelley Blue Book, and provides consumers with “total control” of the car-buying experience. Kijiji Autos announced the partnership in November, noting that …
Canadian Black Book announced the results of the 15th edition of its Best Retained Value Awards, which points to “extreme growth” in used vehicle values. When averaged across all segments and vehicles in Canada, CBB said the results show that …
The top automaker in the world is earning more than $38.8 million every hour, according to Uswitch, which looked at the annual revenue for each car brand between 2016-2020 and considered the number of sales made last year. For dealers …
Dodge Brand Chief Executive Officer Tim Kuniskis previewed the company’s two-year business plan “Never Lift” in November, which included several updates—one of them being the introduction of Power Brokers that focuses on its dealers. In a news release, the company …
Rivian’s former sales and marketing executive Laura Schwab is suing the electric vehicle startup over alleged gender discrimination. Schwab claims she was fired after reporting on the issue with the company’s human resources department, and filed a statement of claim …
Brand loyalty appears to be declining, thanks to the continued new and used vehicle supply shortage. The U.K.’s Auto Express highlights comments by John Webb, Managing Director of Automotive Data, who notes that “almost half of the huge number of …
The U.S. proposed electric vehicle tax credit, which is unpopular with several other countries as it favours American OEMs in certain situations, now includes a surprise increase in the price gap for eligible EVs. “In the new language, SUVs, trucks …
General Motors CIO Randy Mott is planning to retire after nearly a decade at the company, during which Forbes said he in-sourced all the company’s IT talent, expanded its innovation footprint and drove a range of new data and analytics …
