Automotive retailers in Canada are increasingly focused on running efficient operations; as new vehicle supply remains low and interest rates continue to climb. That was evident in J.D. Power’s recently released 2023 Canada Dealer Financing Satisfaction Study, which found that …
Dealers in Canada may be interested to know that the average transaction price for light trucks surpassed $50,000 in 2022 — a first, according to DesRosiers Automotive Consultants. DAC said the average transaction price of a new light vehicle has …
CDK Global recently launched an e-book called Five Service Features To Invest In Now, which details survey results stemming from its Service Shopper 2.0 market research for dealership business growth. Among the many highlights; the book notes that, when it …
The federal government has turned its focus on the transportation sector in hopes of lowering emissions and boosting the adoption of zero-emission vehicles in Canada. A call for proposals to support research, development and demonstration (RD&D) projects aimed at eliminating …
Inflation and other economic factors have an impact on the attitudes and actions of Canadian consumers looking to buy a vehicle, according to Canadian Black Book’s latest Ipsos poll. The report, which was released on May 23 and aims to …
The push for electrification continues, as more police departments in Canada seek to adopt electric vehicles. The latest example comes from the City of Repentigny, an off-island suburb of Montréal, Qué. The city and its police department (SPVR) recently completed …
The race for lithium is on, as vehicle electrification heats up across the globe; a recent news release revealed that Ford will buy lithium from Québec’s Nemaska Lithium for its electric vehicle batteries. The two companies entered a long-term, 11-year …
Dealers may be interested to know that used vehicle prices, which continue to decline in the Canadian wholesale market, are now down 0.06% for the week ending on May 20. Canadian Black Book’s latest Market Insights report reveals that the …
After months of new-vehicle transaction prices in the United States holding above the average MSRP, prices are now trending down. That is according to data released by Kelley Blue Book, which found that the average price consumers paid dropped to …
Canadian Black Book’s latest Market Insights report reveals another decline in prices for the country’s used vehicle wholesale market, this time for the week ending on May 16. Dealers may be interested to note that overall prices for the market …
Québec tops all other provinces when it comes to vehicle theft, particularly when it comes to Montréal. But Toronto is moving up the ranks as well; many thieves from La Belle Province now operate out of Ontario, according to Tag …
Automakers that wish to sell and generate significant revenue from subscription-based vehicle features may have to overcome a few challenges first, according to a new consumer research study from Cox Automotive. A main goal of the “Software Monetization” study was …
