The Index of Consumer Confidence jumped 2.8 points in July to reach 82.5 (a positive sign for potential car-buying) while wholesale prices remained relatively stable, according to Canadian Black Book’s latest update for the first week of August. The truck/SUV/crossover …
Many dealerships have quickly embraced digital retailing during the pandemic, speeding up its adoption and adaptation within auto retail. But digital retailing by itself is not the solution, according to Dominic Sigouin, President and CEO of Quebec-based Noahvik Consultants. In …
While retail consumers are important to the automotive market, the fleet segment represents a significant portion of overall sales and its impact on the market is important, according to DesRosiers Automotive Consultants (DAC). “The speed and extent to which the …
Steve Jordan, CEO of the National Independent Automobile Dealers Association (NIADA), has been named Executive Vice President of KAR Global Dealer Sales and will officially join the company in September. “Steve is a true industry leader who understands the full …
John Stapleton, General Motors North America Chief Financial Officer, has been tapped as the new acting Global Chief Financial Officer, effective August 15. The news follows another move at GM, where Dhivya Suryadevara, Executive Vice President and CFO, resigned and …
“The first victims of these tariffs will be the Americans themselves,” said Canada’s Deputy Prime Minister, Chrystia Freeland, during an August 7 press conference in which she discussed the country’s approach to looming U.S. tariffs. The conference was streamed live …
A report by the American Automobile Association (AAA), which studied various 2019 and 2020 vehicles, found that driver-assist systems in new vehicles are often not reliable; the ones they tested experienced (on average) issues nearly every 13 kilometres. The agency …
New changes to the Government of Australia’s JobKeeper scheme will allow businesses to receive more support. “Under the previous criteria, the industry was facing a situation in which very few, if any, car dealers would have been able to access …
European automakers may avoid the worst predictions of the COVID-19 pandemic, but they will not be able to avoid “severe pain” in the industry, according to Forbes. “The fact remains the Western European auto market is in deep crisis,” said …
Four Audi executives have been charged by German prosecutors for allegedly overseeing engine software design to bypass emissions tests as part of the Dieselgate scam. “Last month it was revealed multiple offices belonging to Fiat-Chrysler were raided across Europe in …
It seems to have been a long time coming, but there is definitely some good news in Canada’s new-vehicle sales figures for July. Estimated sales of 165,020 units are just 4.9% below last year’s July figures. Indeed, according to DesRosiers …
After months of bad news and hints of good to come, Canadian Black Book’s COVID-19 market update for August 5, 2020 finally offers information and insights auto retailers can appreciate. July, for example, was an impressive month for new car …
