Electric truck maker Lordstown Motors said its CEO Steve Burns and CFO Julio Rodriguez resigned. The news comes days after the company also said it had “substantial doubt” about its ability to continue moving forward. “The resignations come amid an …
Apple has reportedly hired the former senior executive of BMW’s electric car division, Ulrich Kranz, to help it lead its own vehicle efforts. “Kranz is one of Apple’s most significant automotive hires, a clear sign that the iPhone maker is …
Tesla was accepting Bitcoin as payment for its vehicles. Then it stopped earlier this year. Now the company led by Elon Musk says it will accept Bitcoin when clean energy is used in mining. “Tesla only sold approximately 10% of …
In recent dieselgate story developments, Car Advice said Citroen was formally charged with emission cheating offences in France, according to parent company Stellantis. The indictment is connected to the sale of diesel vehicles within French jurisdictions between 2009 and 2015. …
A recent blog from Women-Drivers.com notes that women use dealership websites as a primary source for their research when looking to purchase a vehicle—and yet, the convenience factors offered by the dealership are not always listed on the page. “With …
A new report by Trader shows that 97% of consumers consider their vehicle purchase to be among the most important purchases in their life. So what should automotive retailers focus on to ensure the consumer experience is top-notch? The information …
Fleet registrations made up 16.7% of all new light vehicle registrations in 2020 in Canada—down from 21.5% in 2019, according to DesRosiers Automotive Consultants (DAC). The news may be of interest to automotive retailers following the movement in the fleet …
The pandemic has disrupted a number of ways people do business—one of them being how dealerships offer F&I options to customers, according to an industry survey from Protective Asset Protection. In March 2021, the company commissioned an online survey and …
The 17th annual CXAUTO2021 Summit Series is launching three live virtual events from June 15-17, 2021 to help inspire the automotive industry around providing exceptional customer experiences and evolve omnichannel shopping, buying, and aftercare processes for consumers. The CX Strategy …
Used vehicle wholesale prices in Canada are up an overall 0.32% for the week ending June 4, 2021 compared to a 0.20% increase last week, according to Canadian Black Book. “The Canadian wholesale market strengthened further this week,” said CBB. …
KAR Global unit AFC launched a flexible alternative to traditional fixed-duration floorpan solutions through its Daily Tab product, which may be particularly useful for dealerships in both Canada and the United States anticipating fast-turning vehicles. “Daily Tab is a simple …
The fully electric Porsche Taycan will be hosted on peer-to-peer car sharing platform Turo throughout June in Montreal, Que., as part of a collaborative project with Porsche Cars Canada. The automaker said the vehicles will be available for booking exclusively …
