Average new vehicle prices in the United States jumped 2.2% or $864 in April, year-over-year, and increased 0.23% or $92 from March 2021, according to the analysts at Kelley Blue Book. The estimated average transaction price for a light vehicle …
New general managers have been added to Adesa locations in Canada and the United States. In Canada, James Murphy has been added to Adesa Moncton. In the U.S., Carly Bishop has been added to Adesa Pittsburgh, Terry Costner at Adesa …
CIBC Auto Finance is donating $25 to the Nature Conservancy of Canada (NCC) for every hybrid or electric vehicle financed through the company’s initiative with partner dealerships. The CIBC Green Vehicle program was officially launched on April 22 (Earth Day) …
Curbie, a Canadian car shopping startup based in Saskatchewan, has raised $7 million to expand throughout the prairies. “The online shopping platform allows users to search through an inventory of vehicles, get a no-haggle price, and get the vehicle delivered …
Tesla is reportedly in talks with China’s EVE Energy Co., maker of lithium iron phosphate (LFP) batteries, as it seeks to add the firm to its Shanghai factory supply chain, according to Reuters. The news agency said “The talks are …
U.S. President Joe Biden is pushing ahead with plans for an electrified future that focuses on electric vehicles and stricter emissions standards. Some of the changes include adopting an electrified federal fleet, re-introduction of the GREEN Act (EV tax credits), …
The semiconductor chip shortage has reached Mazda Motor Corporation and the company expects it to impact 100,000 vehicles across the globe during the fiscal year, according to Yahoo News. It said Mazda wants to leverage available inventory to minimize the …
Tesla’s Elon Musk has suspended the use of Bitcoin towards the purchase of its vehicles. “We are concerned about [the] rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any …
Canadian wholesale values continue to surge this week while the latest Canadian Black Book Used Vehicle Retention Index set a new record for April 2021, according to CBB’s weekly automotive report. That report covers the week ending on May 11, …
Can the majority of consumers afford to purchase and operate a vehicle in Canada? According to DesRosiers Automotive Consultants (DAC), acquiring a vehicle became slightly more expensive last year, even as operating one became cheaper thanks to lower gasoline prices …
The search for electrified and fuel-cell vehicles, including hybrids, plug-in hybrids and pure electric vehicles (EVs) is up — reaching 19 per cent among car shoppers considering purchasing a vehicle in the United States during the first quarter of the …
Oumar Dicko, Chief Economist at CADA, discusses the findings of the association’s latest survey, his thoughts on the luxury tax, and what CADA is doing to mitigate this issue.
