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, …
A recent update from Cox Automotive further underlines that the Trump administration’s 25 per cent tariffs across North America will be felt in the United States. They said around 44 per cent of the new vehicles sold in the U.S. …
As International Women’s Day’s approaches, LGM is taking action to address gender disparities by implementing equal pay policies and establishing a gender-balanced leadership team. For 2025, LGM set certain KPIs to ensure they remained true to their commitment to DEI …
The Canadian used wholesale market experienced a decline of -0.19% in pricing for the week ending on March 1, similar to the prior week’s -0.22% and the 2017-2019 average of -0.18% for the same period. The data was provided by …
February light vehicle sales figures may seem somewhat inconsequential in light of the newly imposed U.S. tariffs, but DesRosiers Automotive Consultants suggest it would be a shame to think this as the numbers were “remarkable.” Of note, February was the …
Montreal Port Authority has announced the implementation of an action plan as part of its strategy against auto theft and illegal export in Canada. Their Action Plan to Combat the Export of Stolen Vehicles was developed in consultation with government …
Vehicle dependability after three years of ownership is still suffering from pandemic aftershocks and has reached the highest level since 2009, according to J.D. Power’s 2025 U.S. Vehicle Dependability Study. “While the increase in problems this year may be a …
