Canadian auto dealer presents a new series sponsored by Catalytic Technology that aims to provide some background on the terminology, forces, and directions that are driving and impacting the auto retail industry. For this first segment, Niel Hiscox, Publisher of …
Retail sales for used car dealerships in Canada fell below other major auto sectors, declining 11.5% in the first quarter of the year, according to DesRosiers Automotive Consultants (DAC). That comes thanks to a 33.9% decline in March. As for …
Customers using VW Credit to finance their car can purchase a Volkswagen vehicle without stepping food in a dealership. The OEM is now offering car buyers the ability to send a remote digital signature through its Sign Anywhere solution when …
The U.S. automotive industry’s recovery from the impact of the novel coronavirus could take years, even as the industry has signalled a slow climb back. According to the Bank of America Corp.’s annual Cars Wars forecast, the global vehicle sales …
After a suspected cyber attack forced Honda to pause production at certain plants earlier this week, the automaker has now resumed operations. A company spokesperson said their customer’s personal information was not affected. “The suspected attack was the second on …
Niel Hiscox, Publisher of Canadian auto dealer, interviews the magazine’s new Business Development Manager Trevor Davis and talks about his role and fit in the industry, along with what we can expect from him as he takes on his …
autoTRADER.ca’s May Price Index reveals a dip in vehicle pricing that accompanies an increase in consumer interest to buy. Nationally, the median price of a new vehicle sits at $39,799, which is down 0.8% month-over-month but up 1.3% year-over-year. For …
CDK Global announced on June 8 the launch of its Sign Anywhere solution, which provides dealerships with the ability to offer their customers remote electronic signing for most F&I forms when buying a car. The solution is meant to offer …
Dealers are worried that access to the Canada Emergency Wage Subsidy (CEWS) program, described by the Canadian Automobile Dealers Association (CADA) as a “critical lifeline for dealerships and employees,” will disappear once revenue declines dip below the 30% mark. That’s …
Pitcher and Doyle have released a notice to warn auto retailers about the “dramatic increase” in the number of fraudulent deals stemming from dealerships. “Fraudsters are getting more sophisticated and are taking advantage during these difficult times as sales teams …
Uncertainty around the pandemic will globally dent the sale of electric vehicles (EVs), while the recovery period is anticipated to pave the way towards healthier growth, according to Frost & Sullivan’s latest analysis of the market. An optimistic scenario would …
Dealerships in the United Kingdom could become places to “try” rather than “buy” a vehicle as consumers look to online purchasing options, according to Steve Fowler, Editor-in-chief at Auto Express. Automaker bosses, he said, admitted they were caught napping when …
