Cox Automotive Canada’s Kelley Blue Book brand launched an enhanced version of its online vehicle valuation tool that provides trade-in values, auction values, and typical dealer asking prices. The company said its new MarketLens Pro version builds on the existing …
The Canadian used wholesale market was up for the third straight week, as automakers continue to tackle the issue around low inventory levels for both new and used vehicles, according to Canadian Black Book. Wholesale values for both the car …
Driving could be outlawed by 2050 as autonomous vehicles match or exceed human safety by 2024, according to a new IDTechEx report by Dr. James Jeffs. The report, Autonomous Cars, Robotaxis & Sensors 2022–2042, also found that by 2024 self-driving …
Canadian auto dealer editor Todd Phillips interviews Chris Pfaff, President & CEO of Pfaff Automotive Partners, to discuss his partnership with Lithia & Driveway. Pfaff is the first Canadian dealer group to join a U.S. public auto group. Pfaff shares …
Pfaff Automotive Partners and Lithia & Driveway (formerly known as Lithia Motors) announced a new partnership that marks the first entry of a U.S. public automotive retailer in the Canadian market. In a news release, Pfaff Automotive Partners said 11 …
What is the most common challenge that new vehicle owners are faced with today? The answer is smartphone connectivity, according to the J.D. Power 2021 Initial Quality Study (IQS). The study notes that new vehicle quality improved only 2 per …
Yolanda Biswah, who was promoted to vice president of sales in 2020, now steps into the role of senior vice president and general manager for Canadian Black Book. She will be responsible for the day-to-day operations of CBB, with oversight …
Global B2B automotive trading platform Trade X completed its financing round on July 27, gaining an additional equity funding of US$10 million (at a US$250 million pre-money valuation) from new investors. “We are humbled by the support that we have …
The semiconductor shortage that continues to impact a number of automakers around the globe is far from over. According to CNET, a major Japanese semiconductor chip supplier (Rohm), “said it foresees chip shortages throughout next year. It’s not that the …
Mexico requested formal consultations with the United States to settle a disagreement around measuring regional content for cars to trade duty-free; the U.S. insists on using a stricter method than its other two North American trading partners believe they agreed …
The American Automobile Association (AAA) auto club measures the increasing cost of a car, truck and SUV every year, and this year the national average cost to own and operate a new vehicle adds up to US$9,666. “2021’s annual average …
Electric vehicle maker Rivian plans to pursue an initial public offering (IPO) this fall, and wants to achieve a valuation 350 times that of Tesla’s IPO in 2010. “Rivian disclosed Friday that it has submitted its S-1 registration to the …
