A new report by the Canadian Federation of Independent Business (CFIB) found that 49 per cent of all automotive businesses in Ontario have either paused or cancelled investments as a result of the U.S.-Canada trade war. Data from CFIB’s report …
The Canadian automotive industry faces even greater uncertainty in the Canada-U.S. trade conflict with the threat of a new 35 per cent tariff (what may be non-CUSMA) on Canadian goods starting August 1. DesRosiers Automotive Consultants said industries have been …
Recent data released by the Clarify Group reveals that Canadian auto shows continue to play an important role in the new car buying journey for consumers — even as OEMs shift marketing strategies and tighten their budgets. The automotive research …
F&I provider LGM Financial Services has announced a strategic financial investment from one of Japan’s largest general trading companies, Marubeni Corporation. In a news release, LGM said the partnership marks a “powerful step forward” and that the company will maintain …
The Canadian used wholesale market was down -0.35% in pricing for the week ending on July 12, according to Canadian Black Book’s Market Insights report. Last week, that decline was -0.13%, while the 2017-2019 average of the same period as …
Canadian auto dealer senior editor Todd Phillips interviews Liz Kearney, Project Manager with the Motor Vehicle Retailers of Ontario (MVRO), about the association’s Automotive Conference & Expo (ACE) event happening October 16-17 in Niagara Falls. This year’s event is aimed …
There is movement on the zero-emissions vehicle incentive front, as dealers in Canada will have a month to get their claims in and receive reimbursement from the federal government. The program, which offered up to $5,000 in rebates for eligible …
Auto lenders like CIBC get close to dealers to ensure their programs keep evolving with the times With so much uncertainty in the economy and the auto industry, the lenders that serve dealerships are having to adapt and pivot with …
CARFAX Canada has launched a new consumer tool known as Vehicle Monitoring for Canadian consumers to help in the fight against VIN fraud and vehicle theft. The tool builds on the company’s recent launch of the VIN Fraud Check tool …
In looking at segment sales for the first half of the year, DesRosiers Automotive Consultants found the data showed a diversion from some long-term trends. The sub-compact car segment was up 50.5 per cent during this period and 94.5 per …
U.S. wholesale used vehicle prices, a combination of mileage and seasonally adjusted basis, were more elevated in June compared to May, according to Cox Automotive. Its Manheim Used Vehicle Value Index (MUVVI) rose to 208.5, revealing a 6.3 per cent …
Turo recently announced that host vehicle owners in Canada have collectively earned more than $300 million by sharing their vehicles on its platform since the company launched in 2016. The calculation is based on host earnings from April 2016 to …
