New vehicle prices in the United States reached another all-time high in August 2021, for the fifth consecutive record-setting month thanks to an average transaction price of $43,355—up nearly 10% ($3,789) from August 2020 and up 1.6% ($685) from last …
Hydro-Québec subsidiary Hilo will launch a pilot project that will run from Nov. 1, 2021 until Oct. 31, 2022 and see electric vehicle driver participants test and assess its new smart charging solution. According to the company, that solution uses …
BlackKite, a cyber security risk rating and monitoring system provider, recently launched a research hub that will provide coverage of new and emerging cyber security threats. The Black Kite Research Hub includes news updates and research reports, such as the …
New data from DesRosiers Automotive Consultants (DAC) reveals nearly all provinces in Canada recorded sales decreases for the month of August, with the exception of British Columbia. While it is true that 2021 overall is up 18.9% year-to-date where new …
The Canadian used wholesale market is gaining momentum, with all 22 segments experiencing price increases for the week ending on September 10, according to a recent auto market update from Canadian Black Book. “As inventory continues to decline for both …
Moving forward, SCI MarketView will now be known as taq Automotive Intelligence—a move that reflects the company’s shift towards what it considers as reinventing or re-imagining how vehicles are bought and sold. SCI MarketView specializes in technology and customizable solutions …
Banco Santander, S.A. acquired Canadian-based lender Carfinco in 2015 and has now re-launched as Santander Consumer, bringing a new player and a big platform to the Canadian auto lending market. According to the company, the Santander Group is one of …
Global B2B automotive trading platform Trade X will add Techlantic, an Ontario-based auto trading, redistribution, and financing company, to its global group of companies. Trade X signed a definitive agreement to acquire the company in a move meant to boost …
Quebecor Media Expertise teamed up with the Quebec dealers’ association (otherwise known as the Corporation des concessionnaires d’automobiles du Québec or the CCAQ) to launch Otogo, a new platform to buy and sell used vehicles across Quebec. Otogo will replace …
KAR Global unit Adesa recently added OBD2 emissions codes to the condition reports of vehicles inspected at its locations, and is streamlining the scans through its new inspection process. The company said the codes will now be directly added from …
The AutoCanada dealership group recently acquired Montreal-based luxury-brand focused collision centre Autolux MB Collision. The company has been operating for more than 30 years, and is a certified Mercedes-Benz collision centre. The acquisition is part of AutoCanada’s strategy to expand …
Online auction platform EBlock acquired TradeHelper, a dealer-to-dealer digital auction marketplace, along with its parent company ESP Auctions—an independent auction located in Montreal, Que. “This move allows EBlock to expand and strengthen our position in our fastest growing market of …
