Most provinces in Canada recorded sales decreased in February 2022, according to a recent update from DesRosiers Automotive Consultants (DAC). The company’s estimate shows that new light vehicle sales were down 12.4% in February 2022 compared to a year earlier, …
Overall prices for used vehicles in the Canadian wholesale market declined for the week ending on March 22 by 10% compared to only 0.04% the prior week, based on Canadian Black Book’s latest auto market update. The overall car segment …
Hyundai Canada donated $50,000 to Indspire’s Building Brighter Futures: Bursaries, Scholarships and Awards program. The donation is meant to help create opportunities for Indigenous students in post-secondary education positions, and to raise awareness about career opportunities in the automotive sector. …
Canadian automotive retail sales experienced “significant” increases throughout 2021, according to a year-end review from DesRosiers Automotive Consultants (DAC). “In almost all cases this was driven primarily by higher prices per unit—rather than booming unit volumes,” said Andrew King, Managing …
Online Fintech platform LendingArch now has more than 600 dealerships in its network, as it continues to expand and offer nationwide auto loans to Canadian consumers in need of quick and easy financing. LendingArch was established in 2015 and has …
The federal government will invest $500,000 in the Thunder Bay Community Economic Development to help install up to 63 electric vehicle (EV) chargers across Ontario. The company will select recipients based on demand, and all EV chargers will be installed …
Automotive industry associations in Canada teamed-up to launch a new initiative meant to help consumers better understand what it will take for the country to achieve the zero-emission vehicle (ZEV) sales targets of the federal government. The Canadian Automobile Dealers …
Nissan Canada announced a three-year partnership with Accelerate Auto—a not-for-profit organization that strives to increase opportunities for Black people in the Canadian automotive industry, while also tackling subjects such as systemic racism. The OEM announced the news on March 9 …
The Canadian used wholesale market remains relatively flat—this time up 0.09% for the week ending on March 4, compared to the previous week’s increase of 0.03%, according to Canadian Black Book. The truck/SUV segment out-performed the car segments, slightly, for …
The Scotiabank Women Initiative launched a mentoring and networking program called Women in Auto Accelerator to help women build their careers in Quebec’s automotive industry. The program is free to participants. Its goal is to connect young professionals with industry …
The impact of the war in Ukraine has now reached global automotive industry factories and electric vehicle production, according to The Irish Times. Ford, Volkswagen and BMW are among the OEMs that slowed down production due to the disruption from …
Kia announced plans to roll out 14 electric vehicles by 2027, including two pickup trucks and a standard entry-level EV, according to Driving. “Also announced by the Korean automaker was a commitment to design its first dedicated purpose-built vehicle (PBV), …
