Tesla reduced the price of its Model Y SUV by $3,000 due to the COVID-19 pandemic. The vehicle was launched four months ago, but the automaker is looking to maintain its sales momentum amid the crisis. Tesla also slashed the …
Jill Hadfield, Chief Product Officer at TRADER, talks about the recent launch of a new digital retailing solution on autoTRADER.ca marketplace amid the pandemic, what this means for dealers, and how she sees digital retailing evolving in the coming years.
The first six months of the year may have been a complete disaster, due largely to the novel coronavirus pandemic — but there are some positive signs, according to Canadian Black Book’s most recent COVID-19 Auto Industry Update. Starting with …
In Q2, the SUV spectrum accounted for 47.1% of the light vehicle market share in Canada — up from 45.3% in the second quarter of 2019 — although performance among certain segments was mixed, according to an update from DesRosiers …
The Dilawri Group now owns and operates 75 dealerships across Canada thanks to its most recent acquisition: Lexus Laval in Quebec. That latest addition marks the first Lexus dealership for the group, which represents 33 brands. Lexus Laval was founded …
Genesis has expanded its retail network with the addition of Genesis Langley located in British Columbia’s lower mainland. The retailer now has 25 locations across Canada, including five in B.C., and the latest addition is considered to be Genesis’ third …
Brian Murphy, Vice President of Research & Analytics at Canadian Black Book, talks about the new USMCA rules around used vehicle exports and the positive and negative impacts that could have on the dealers exporting them to the U.S. from …
Expect more cost-cutting from Daimler due to an unexpected second-quarter operating loss, according to the OEM’s chief executive. “Our previous efficiency goals covered the upcoming transformation, but not a global recession,” said CEO Ola Kaellenius. “That’s why we are further …
Vauxhall’s plans to reopen its Ellesmere Port plant in Cheshire, England could be delayed to later this year, past September. The OEM’s parent firm, PSA, has stressed that “consumer demand for new vehicles remains the overriding factor in the post-lockdown …
General Motors’ racketeering lawsuit against FCA has been dismissed by a U.S. federal district court judge. The news comes after a judge also dismissed a previous ruling to have CEO Mary Barra and FCA CEO Mike Manley meet in-person under …
Uber said it will become profitable next year thanks to its plan to buy food delivery service Postmates for US$2.65 billion. Uber stock has increased by 7% since the announcement was made. “Uber says it’s confident that the acquisition will …
Given that the onset of the COVID-19 pandemic had already slashed new-vehicle sales in Canada by 20.0% in the first quarter of 2020, and the fact that April and May sales declines were dramatically worse, it’s no surprise that cumulative …
