Findings from a new Succession Readiness Report from MNP reveal that many retiring business owners, including dealers, are delaying or underestimating the importance of succession planning. In a news release about the report, MNP said these owners are leaving important …
Canadian Black Book released a 2025 market preview, which first underlined that the Canadian auto industry experienced a transformative 2024 thanks largely to some noteworthy shifts in vehicle availability, pricing, and market dynamics. In the new vehicle market, CBB said …
Auto retailers in the United States view the market as weak, according to a Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) that showed the index dropped to a score of 40 from 42 in Q2 and 45 from a …
Canadian automotive sales revealed worrying declines in June. And although DesRosiers Automotive Consultants does caution that reading too much into one month’s data can be dangerous, this one came up as noteworthy. “Retail sales have remained stable in the first …
The average transaction price (ATP) for a new vehicle in the United States was, for the 11th consecutive month, lower year-over-year when considering August figures. That is according recent to data released by Kelley Blue Book, which considers that higher …
The Canadian used wholesale market saw a decline of -0.35% in pricing for the week ending on Sept. 7, which is slightly more than the prior week’s -0.29% and the 2017-2019 average of -0.26%. According to Canadian Black Book’s latest …
The global used vehicle market is anticipated to grow by US$857.1 billion from 2024-2028 thanks largely to the number of new models being launched, according to technology research and advisory company Technavio. In its latest update, the company said the …
The CADA Laureate program administrator sheds light on how the prestigious award winners are actually selected Since 2005, I’ve had the privilege of being the program administrator for the CADA Laureate program on behalf of the Canadian Automobile Dealers Association …
The 2024 edition of the Montreal International Auto Show (MIAS) came back in style — and in full force. Some manufacturers who had skipped the show last year were back, and three floors of Palais des Congrès were jammed with attendees …
QUEBEC Canada invests nearly $30M to deliver 1,500-plus EV chargers across Québec The federal government will invest nearly $30 million to deliver more than 1,500 electric vehicle chargers across Québec, including over 400 fast chargers, as part of its project …
Dealer Solutions Mergers and Acquisitions (DSMA) is buoyant about its partnership with Canadian-based Vicinity Motor Corporation (VMC) to retail its medium-size electric truck to dealers in North America. DSMA President/Founder Farid Ahmad told Canadian auto dealer the arrangement began in …
If the measure of a person is the respect gained from others, Don Durst has certainly made his mark in the Canadian automotive industry. Durst retired in July after 51 years in the auto industry, working the last 18 years …
