Policaro Group is adding Danish hypercar manufacturer Zenvo Automotive to its portfolio, becoming the exclusive retail and distribution partner for Central and Eastern Canada under the banner Zenvo Toronto. The Oakville, Ont.-based dealer group announced the partnership May 20, …
Mercedes-Benz Canada and Road to Racing have introduced a new scholarship program designed to help young Canadian racing drivers advance their careers in motorsport. The Mercedes-Benz Youth in Motorsport Scholarship will provide one Road to Racing driver annually with $50,000 …
Canadian new light vehicle sales declined across nearly every province in April, highlighting what industry analysts describe as broad-based economic weakness and slowing consumer demand. According to provincial sales estimates released by DesRosiers Automotive Consultants (DAC), total Canadian new light …
Policaro Group is adding another ultra-exclusive name to its luxury automotive portfolio after being named Zenvo Automotive’s retail and distribution partner for Central and Eastern Canada. The Oakville, Ont.-based dealer group will operate as Zenvo Toronto, while Weissach Group will …
Rising inflation and elevated borrowing costs in the United States continued to weigh on U.S. consumers in April, even as retail spending and auto credit availability showed signs of resilience, according to the latest Auto Market Weekly Summary from Cox …
The New Car Dealers Association of B.C. and the Business Improvement Areas of British Columbia are calling on the province to scrap its planned expansion of the provincial sales tax to professional services, warning the move would unfairly raise costs …
Auto theft claims costs in Ontario declined in 2025 but continue to significantly exceed pre-pandemic levels, according to new figures released by the Insurance Bureau of Canada. The industry group said auto theft claims in Ontario totalled $485 million in …
New-vehicle affordability declined modestly in April as consumers faced higher prices, rising interest rates and reduced incentives, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The index showed the estimated average auto loan rate increased by nine basis …
Canadian wholesale used-vehicle prices continued to decline in the week ending May 16, with truck and SUV segments leading the market downward, according to the latest Canadian Black Book Market Insights report. Overall wholesale prices fell 0.32 per cent for …
The U.S. electric vehicle market softened in April as new EV sales declined alongside broader weakness in overall vehicle demand, according to the latest EV Market Monitor from Cox Automotive. New EV sales totalled an estimated 76,889 units in April, …
Canada’s share of light vehicle imports sourced from the United States declined over the past year as automakers adjusted to ongoing trade tensions and tariff measures between the two countries. According to data released by DesRosiers Automotive Consultants (DAC), the …
The U.S. auto market showed signs of slowing in April, according to Cox Automotive’s latest Auto Market Weekly Summary, as consumers pulled back on vehicle spending amid elevated fuel costs and growing affordability concerns. April’s seasonally adjusted annual rate (SAAR) …
