The latest update from DesRosiers Automotive Consultants (DAC) indicates that automotive employment in Canada for the third quarter of the year remains far below pre-COVID (2019) levels. “In 2020 the pandemic hit the auto sector hard, followed in 2021 by …
The AWIN Group of Dealerships and Zanchin Automotive Group teamed up to take ownership of all corporate-owned Mercedes-Benz dealerships in the Greater Toronto Area, according to a December 7 Mercedes-Benz Canada news release. The OEM is divesting the dealerships, known …
The Canadian used wholesale market continues to be “red-hot,” according to Canadian Black Book, which notes that prices increased now for the 17th straight week across 19 of the 22 segments for the week ending on December 7. Overall, prices …
Registration for the J.D. Power Auto Summit on March 10, 2022 in Las Vegas, Nevada is now open. The summit is considered one of the top automotive retail events at the NADA Show, and is a one-day event that features …
Hyundai Capital America is among the latest captive finance companies to migrate to KAR Global’s OPENLANE iQ platform. In discussing why this is important, Trevor Henderson, COO of ADESA, said in an email response that the current wholesale marketplace supply …
Volvo Cars experienced a cyber security breach by a third party after one of its file repositories was illegally accessed, according to the OEM. “Investigations so far confirm that a limited amount of the company’s R&D property has been stolen …
U.S. President Joe Biden signed an executive order that will end the purchase of gasoline- and diesel-powered vehicles by the government by 2035, thereby repositioning the country as “a leader in sustainability.” “By the deadline, the government has pledged it …
The Biden Administration’s proposed U.S. electric vehicle tax credit, which Inside EVs said would provide an additional “$4,500 for union-produced U.S. electric cars,” has Mexico considering tariffs as a way to combat what it calls a discriminatory tax credit. Inside …
Volkswagen’s CEO Herbert Diess will remain with the company but in a slightly modified role, according to Autoblog. The news ends weeks of uncertainty about his future with the brand, since VW will increase its five-year spending plan for electric …
Canadian Black Book’s Used Vehicle Retention Index for November 2021 jumped to another all-time high of 152.6 points—up 13.2 points compared to October, which is the previous record. CBB said the increase in November, is “far and away the highest …
J.D. Power released its Automotive Market Metrics for Canada on December 6, which shows that the percentage of total transactions for new vehicles over the past 12 months was 54% for loans, 29% for leases, and 17% for cash payments. …
Cox Automotive Canada was named one of Greater Toronto’s Top Employers for 2022, now for the third consecutive year. “This award recognizes us as a great employer, and there is no doubt it is the contributions of all Cox Automotive …
