AutoCanada has appointed Mike Woodward as Chief Financial Officer, effective July 6, the dealership group recently announced. The Edmonton-based company said Woodward joins the leadership team with more than 18 years of financial leadership experience across public and private organizations, …
U.S. new-vehicle price growth slowed in April as the market faced softer demand and shifting sales patterns, according to recently released data from Kelley Blue Book. The average transaction price for a new vehicle reached $49,461 in April, up 1.8 …
Canada’s used wholesale vehicle market continued to soften in the week ending May 9, though the pace of declines moderated compared with recent weeks, according to Canadian Black Book. Overall wholesale prices declined 0.21 per cent for the week. Car …
Team Velocity is expanding into Canada after being approved as a vendor in General Motors of Canada’s Dealer Customer Lifecycle program, known as the CSSR Choice Program. The Washington-based automotive technology company said Canadian GM dealers can now use its …
Canadian wholesale used-vehicle prices fell another 0.32 per cent for the week ending May 2, according to Canadian Black Book’s latest Market Insights report. Car segments declined 0.32 per cent, matching the drop in truck and SUV segments. The overall …
The U.S. Federal Reserve’s latest decision to hold interest rates steady exposed growing divisions among policymakers, adding fresh uncertainty for the U.S. automotive sector as affordability pressures continue to mount, according to Cox Automotive. In its latest Auto Market Weekly …
CarGurus has signed a multi-year partnership with the NASCAR Canada Series, becoming a presenting partner and the series’ official automotive marketplace. The agreement includes entitlement sponsorship for two races, beginning with the CarGurus 200 at Canadian Tire Motorsport Park in …
DSMA has expanded the role of Crissy Knorr to support automotive dealers across Alabama as the company strengthens its presence in the southeastern United States. The automotive merger-and-acquisition advisory firm said Knorr, a Birmingham native, will work directly with dealers …
From employee benefits to HR to garage insurance, CADA 360 programs are evolving to help dealers better manage risk For dealers, risk management now extends well beyond garage insurance or workplace safety programs. It touches employee benefits, HR compliance, CGL insurance, …
Canadian auto sales reached an estimated 178,000 units in April, down 3.9 per cent from 186,000 units in April 2025, according to DesRosiers Automotive Consultants (DAC). Despite the year-over-year decline, the market continued to perform better than some had anticipated …
Go Auto has acquired Lone Star Mercedes-Benz in Calgary, rebranding the store as Mercedes-Benz South Calgary, according to a company announcement. The deal marks the dealer group’s first Mercedes-Benz dealership in Canada, complementing an existing Mercedes-Benz location in the United …
Canadian used vehicle wholesale prices for two- to six-year-old vehicles declined by an average of 0.5 per cent in recent tracking, according to the May Residual Value Newsletter from Canadian Black Book. The report noted that while values are still …
