Loans represented 53% of total new vehicle transactions in Canada over the past 12 months, while leases represented only 24%. Cash purchases were 22%, according to J.D. Power’s Automotive Market Metrics — April edition. In comparison, loans represented 55% of total …
KAR Global is changing its name, having rebranded to OPENLANE in a move meant to reflect the company’s shift to a more asset-light, digital marketplace. “Our vision is to build the world’s greatest digital marketplace for used vehicles, and we …
A new report from ABI Research found that, by 2028, automakers in the United States will use Over-the-Air (OTA) updates to remotely implement fixes to recalled vehicles, saving them US$1.5 billion in the process. According to the firm, OEMs currently …
The Canadian used vehicle market experienced a decline of -0.04 for the week ending on April 29 — up from -0.09% the prior week and the 2017-2019 average of -0.15% for the same period. The data was provided by Canadian …
Seventy-four per cent of Canadians are planning a road trip this summer, despite inflation and high gas prices — although cost-cutting and affordability are top-of-mind. That is according to the 2023 edition of the annual Toyota Canada Summer Road Trip …
Consumers in the United States are less satisfied with aftermarket service providers, a new J.D. Power study finds. In a news release, the company said its 2023 U.S. Aftermarket Service Index (ASI) Study, which was released May 2, shows that …
The consumer divide between electric vehicles and non EVs continues to grow in the United States, with more EV holdouts becoming more resolute — despite recent market share growth. That is according to J.D. Power’s E-Vision Intelligence Report, which found …
Go Auto, one of Canada’s largest dealer networks, recently acquired GNR Camping World of Winnipeg, Man., and Richmond Chrysler in Richmond, B.C., according to a recent news release. The acquisition of GNR Camping World of Winnipeg helped Go Auto increase …
The Canada First Research Excellence Fund (CFREF) awarded the University of Toronto a $200-million grant to support the research its Acceleration Consortium is doing on “self-driving labs” — which is based in part on the concept of self-driving cars. According …
New data from AutoTrader shows that interest in electric vehicles declined in Canada this year, a startling contrast from 2022 when interest surged due to record high gas prices. According to AutoTrader, 56 per cent of Canadians are considering an …
Wholesale prices for the Canadian used vehicle market were down -0.09% for the week ending on April 22 — more than the previous week’s -0.05%, but less than the 2017-2019 average of -0.12%, according to Canadian Black Book. Its latest …
Kelley Blue Book announced its 2023 5-Year Cost to Own award winners for the United States market on April 27. The awards highlight new vehicles with the lowest projected ownership costs over the initial five-year period of ownership. “For the …
