In a recent report from J.D. Power, in which it notes that leasing volume now accounts for 19 per cent of total new vehicle sales, the company said both lenders and dealers need to be “more targeted and purposeful than …
Cox Automotive recently launched Kelley Blue Book Instant Cash Offer in Canada after offering the tool in the United States for more than six years. The “new” tool is customized for the Canadian market and aims to help dealers get …
Genesis opened its first standalone retail facility in the United States, the company announced. Genesis of Lafayette is located in Louisiana and is owned and operated by dealer principal Arthur C. LeBlanc Jr. and Sterling Automotive Group. Consumers can book …
The United States plans to release approximately one million barrels of oil a day from its reserves for six months starting in May—a move that Autoblog describes as “a historic drawdown underscoring White House concern about rising gas prices and …
Honda is targeting used vehicle shoppers with its certified pre-owned programs know as HondaTrue Used and Acura Precision Used, which Car and Driver said aims to get both first-time buyers and used-car shoppers “into their dealerships and away from online …
Dealerships must deal with the time and bear the additional cost that comes with installing fast chargers on their lots, due in large part to service and installation upgrades, said Carscoops. “According to (Starling Automotive Group) owner Alan Starling, the …
Tesla suspended production of its Shanghai factory last Monday to Thursday after the city implemented a two-stage lockdown to manage a surge in COVID-19 cases—and that suspension reportedly continued into the weekend. According to Autoblog, “The company may have also …
Certain members of Faraday Future Intelligent Electric’s management team received a subpoena from the U.S. Securities and Exchange Commission as part of a probe into inaccurate statements made to the EV company’s investors. “An internal review had in February identified …
Overall prices for used vehicles in the Canadian wholesale market increased slightly for the week ending on March 29—up 0.09% compared to the -0.10% from the previous week, according to Canadian Black Book. Its latest automotive market update indicates the …
Uber Canada and FLO teamed-up to boost EV adoption in some of Canada’s largest cities: Toronto, Montreal, and Vancouver. The partnership aims to make electric mobility more convenient and accessible for users of both networks. They plan to do this …
Dustin Woods, previously the associate editor of AutoTrader.ca, now steps into the role of Public Relations Manager at Genesis Motors Canada. The company announced the appointment in late March, noting that Woods will manage all communications with Canadian media (print, …
Stellantis N.V. and LG Energy Solution are teaming up to build the first large-scale electric vehicle (EV) battery manufacturing plant in Ontario. The joint-venture between the two companies will receive support from the federal, Ontario, and municipal governments and lead …
