Dealership earnings jumped to record highs during the semiconductor shortage, with profits up 65% on new cars and 35% on used cars, according to Carscoops. “Data from the (NADA) reveals that the average U.S. car dealership recorded a net pretax …
Genesis House New York, an experience centre that embraces Korean car culture and includes fine dining, will open its doors to the public on November 19 in New York City. The three-story centre is located in the heart of the …
Dealers in Arizona won the right to retain control over their own data from a DMS supplier, thanks to a U.S. Court of Appeals for the Ninth Circuit ruling, which affirmed a district court’s conclusion that “there is no conflict …
Lordstown Motors delayed the 2022 launch of its Endurance electric pickup truck by a quarter, thanks to a shortage of parts and materials, along with other supply-chain issues that impacted its shares, according to Autoblog. Deliveries will begin in the …
The Montreal International Auto Show (SIAM) is a go, set to take place at the Palais des congrès de Montréal from Jan. 21-30, 2022. The show is presented by Desjardins Assurances, in collaboration with the Journal de Montréal. According to …
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 …
