Beating the odds
The CADA Laureate winners featured in this issue are truly deserving of the award, and now join the ranks of a group of dealers who are legends in our industry. It’s tough to become a CADA Laureate. Really tough. Only …
Author: Todd Phillips
The 2021 CADA Laureates
Celebrating the best in the business in 2021 The Canadian Automobile Dealers Association (CADA), and its exclusive program sponsor — iA Dealer Services — have bestowed the Laureate award on three outstanding dealers per year since 2006. Each year, 3,000-plus …
Auto industry and unions urge Congress to finance Chips Act
A letter from trade groups and unions was delivered to House and Senate leaders on Thursday which urged Congress to finance semiconductor manufacturing in the United States. Signed by the American Automotive Policy Council, National Association of Manufacturers, the United …
VW investors approve settlement
Shareholders in Volkswagen have approved a deal to settle claims against longtime CEO Martin Winterkorn and three other former executives associated with the company’s 2015 scandal. That year VW admitted to cheating U.S. diesel engine tests. The debacle has cost …
Accelerate Auto aims to increase Black representation
Accelerate Auto is a non-profit organization that aims to increase Black representation in Canada’s automotive industry. With the goal of tackling anti-Black and systemic racism, Accelerate Auto is committed to helping people find new opportunities within the industry. The non-profit …
Mercedes to go all-electric by 2025
Daimler has announced that from 2025, all of Mercedes-Benz’ “newly launched vehicle architectures will be electric-only.” As part of the announcement, the company said it would increase its spend on research and development with total investments into battery electric vehicles …
Will GaN tech replace silicon chip technology?
Consultants Frost & Sullivan released a report examining gallium nitride (GaN) as the next technology of choice in the automotive industry. A by-product of smelting, GaN has a low extraction and refinement carbon footprint, high-efficiency and high-voltage capabilities, and is …
CBB Used vehicle retention index continues to rise
Canadian Black Book recently released its Used Vehicle Retention Index for June 2021, and numbers are still on the rise. The June Index hit 125.1 points which is yet another all-time record, surpassing the previous record placed the month prior …
Distribution Stox announces changes in Maritimes
Distribution Stox Inc. has announced the launch of its ordering platform and the implementation of an Enterprise Resource Planning (ERP) system for its distribution centres in the Atlantic provinces. The company will implement the Microsoft Dynamics AX ERP system in …
Prices stabilize and soften in Canadian used wholesale market
Canadian Black Book has released its weekly automotive market update, reporting that Canadian used wholesale market prices stabilized this week with overall used wholesale values declining –0.09% from the week prior, which makes for less than half of the weekly …
New-vehicle prices hit all-time high in U.S.
According to Kelley Blue Book, average new-vehicle prices have hit an all-time high in the United States. In June, 2021 the ATP (average transaction price) for new vehicles was $42,258 or 99.9% of the average MSRP of $42,290. This marked …
NAPA Auto Parts announces new appointment
NAPA Auto Parts’ Quebec has announced the appointment of Benoît Cloutier to the position of Business Development Specialist for Car Dealerships. Cloutier, who has a background in marketing joined the team in May and has over 25 years of experience …
