After bottoming out in Q2, auto sales in Canada rebounded in the third quarter of 2020 to just 3.9% below 2019 levels. While the sales recovery showed signs of faltering in August, it bounced back strongly in September with an …
U.S. new car sales declined year-over-year in the third quarter, although new vehicle sales are trending upward from the lows earlier in the pandemic. “New-vehicle buyers haven’t left the market — a reality in-line with the more uneven K-shaped recovery …
Tesla CEO Elon Musk is hoping to push his vehicles into India’s automotive market in 2021, according to a recent tweet. “Tesla’s entry could come at a time when Prime Minister Narendra Modi is increasingly becoming focussed on promoting the …
Honda Motor plans to end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and instead focus on zero-emission technology. “This is not a result of the coronavirus pandemic …
Ford is recalling more than 76,000 new vehicles in Canada, including trucks and SUVs, because a faulty electrical connection in the rearview camera could cause the image to intermittently show a blank or distorted image. The affected models include 76,566 …
Wholesale used vehicle prices have remained unchanged this past week, according to Canadian Black Book’s latest update, with the car segment up in value by 0.02% and trucks down by a mere 0.02%. Mid-size cars were up 0.31% or $36, …
The estimated average transaction price for a light vehicle in the United States was $38,723 in September, with new vehicle prices jumping 2.5 per cent ($940) year-over-year while climbing 0.1 per cent ($23) from last month, according to Kelley Blue …
The Canada Emergency Wage Subsidy (CEWS) will be extended to summer 2021; it is one of the highlights provided by the federal government during its 2020 Throne Speech, which served to open the next session of parliament. Julie Payette, Canada’s …
Genesis has expanded its retail network to 27 locations across Canada after gaining Genesis Regina — its first retail partner in Southern Saskatchewan and first distributor. The company already has a retail location in Central Saskatchewan known as Genesis Saskatoon. …
Quebec-based Martins Industries recently launched a revamped “high-performance” e-commerce website to sell tire equipment online and attract more first-time buyers who are seeking a faster and easier purchasing experience amid COVID-19 and post-pandemic. “We knew that providing an outstanding user …
Canadian new light vehicle sales continued to show mixed results for August 2020 across the provinces as it reached an estimated 165,837 units overall, according to DesRosiers Automotive Consultants (DAC). Andrew King, Managing Partner of DAC, said August demonstrated “unstable …
New car leads (replies) per listing have increased by 135 per cent in August year-over-year on Kijiji Autos properties, according to the company’s national trend report for August 2020. The report also found that average leads (replies) per listing for …
