When the Trump administration imposed tariffs on Canada, S&P Global created three scenarios of how the situation might unfold, and how it would impact the automotive sector. They have since adjusted the outlook, with the analyst group expecting that the …
Employment across the Canadian automotive industry, combined with closely associated sectors, reached 603,500 employees in December 2024 — a mere 0.9% behind the employment total in December 2019 prior to the start of the pandemic. That is according to DesRosiers …
Last week, Canadian Black Book’s update revealed the used wholesale market experienced a decline of -0.12% in pricing for the period ending on March 8. Prior to that the market was down -0.19%. CBB said car segment prices decreased by …
Beepzz, a Canadian B2B automotive marketplace, has expanded its leadership team with the addition of Farah Mohammed as Director of Partnerships and Media Relations. Mohammed brings with her 15 years of experience at Ontario’s motor vehicle sales regulator, and deep-rooted …
An update on progress made under the National Action Plan on Combatting Auto Theft was recently released by Public Safety and Emergency Preparedness Canada, which noted that auto thefts were down nearly 20 per cent nationally in 2024. Some of …
As more companies in the automotive field continue to embrace artificial intelligence, Mitsubishi Motor Sales of Canada has launched an AI-powered tool meant to transform the customer experience for its new Outlander 2025. In a news release, the company said its …
Canadian automotive executive Steve Flamand was recently appointed president and CEO of Hyundai Auto Canada, overseeing both the Hyundai and Genesis brands in Canada after Don Romano, who previously held the position for a decade, was promoted, and will relocate …
Arthur J. Madjarian, former Canadian Managing Partner at Dealer Solutions Mergers and Acquisitions, is coming out of retirement to develop a specialized M&A offering for Canadian automotive dealerships. The boutique offering will focus on select transactions and provide tailored solutions …
The federal government is providing over $1.1 million to eight projects to help reduce auto theft across the country, according to an announcement from Anita Anand, Minister of Transport and Internal Trade. The projects are part of the Vehicle Theft …
Canadian Black Book recently released its Used Vehicle Retention Index for February 2025, which saw the index sitting at 138.9 points compared to 138.0 in January. Year-over-year, CBB said the index is down -3.3%. “Wholesale vehicle values in Canada are …
Dealers may be interested in reviewing J.D. Power’s latest data-filled report on Canadian automotive market metrics for February, which reveals some small changes from the previous report. It shows the percent of total transactions over the past 12 months for …
Lot management and risk management are intertwined — is your dealership doing enough? Running car dealerships isn’t supposed to be a “risky business,” but we all know that with the multitude of factors that we must deal with every day, …
