Several businesses and one OEM have teamed up to launch a new initiative known as Transform to Net Zero to help accelerate the transition towards a net zero global economy. The announcement came on July 21 and listed the founding …
Canadians and Americans are taking shorter road trips this summer as they attempt to remain closer to home. Recent data from Turo, in which the peer-to-peer car sharing network looked at Quebecer travelling habits during Construction Holiday, the company found …
Wholesale values are stabilizing and true market demand will make itself known in the weeks or months ahead. These are the latest key observations from Canadian Black Book pulled from its weekly COVID-19 update released on July 21. Entering the …
Consumer demand is on the rise in Ontario dealerships, according to a recent third-party study conducted by EQ Works and commissioned by TRADER. The study looked at foot traffic among 750 Ontario dealerships and shows a significant increase in physical …
Consumers are looking to buy a vehicle this year either before or after the pandemic, according to a recent CarGurus study. The report, entitled Canada COVID-19 Sentiment Study (June 2020), covers three categories of car shoppers for 2020: initial prospective …
Could the decline in sales among franchise dealers trigger more dealer consolidation? That is the question DesRosiers Automotive Consultants (DAC) asked in an update, noting that the market collapse stemming from the pandemic has paved the way for significant declines …
Dealerships can expect big changes to the Canada Emergency Wage Subsidy (CEWS) program where eligibility and program duration are concerned. The federal government proposal aims to eliminate the 30 per cent revenue drop threshold that garnered frustration among the business …
Canadian wholesale trade was up 5.7% in May from a month earlier — the most significant increase in nearly 17 years, according to Statistics Canada. The rise comes amid governments slowly relaxing COVID-19 restrictions. “Analysts in a Reuters survey had …
Daimler will stop building Mercedes-Benz sedans in the U.S. and Mexico in an effort to cut costs and streamline production amid the pandemic. “The German automaker made the announcement when revealing that it is shaping up to post an operating …
Lyft will distribute 60,000 shields for drivers to use as a partition between passengers. The company began designing semi-rigid partition shields made out of a polycarbonate material months ago. “It was critical to us that the design met the needs …
New York State plans to invest in new charging stations and other infrastructure for electric vehicles, according to an announcement from Governor Andrew Cuomo. The total budget for the program is $701 million until 2025. “However, an additional $48.8 million …
Some European OEMs are seeing a recovery in autos: Daimler experienced a gradual recovery in orders in the latter part of Q2, while Volkswagen AG is predicting the rebound in China’s car market will pick up. Volvo AB is one …
