Farid Ahmad, President and Founder at Dealer Solutions Mergers and Acquisitions, reviews the buy-sell situation in Canada amid COVID-19, and offers suggestions to dealers still looking to buy or sell their dealership this year or in 2021. (Source: Canadian auto …
Dealer Bob Verwey, President/Sheriff, Owasco, offers a fleet of RVs to help frontline health workers in his region, and discusses how hard it was for him to have to lay off members of his dealership family. Verwey has already adapted …
Can a dealership unilaterally close its doors during the novel coronavirus pandemic? John Yiokaris, Partner, Commercial Group, SOTOS, explores this topic — including laws, OEM agreements, and suggestions for dealers to consider. (Source: Canadian auto dealer) Read the original story…
Ford Canada is among the many businesses across the country that is stepping up to make equipment that could help frontline workers as they manage the novel coronavirus pandemic. “By repurposing our production facilities in Windsor to meet the urgent …
The Honda Canada Foundation will donate $500,000 to support essential nutrition and healthcare needs in response to COVID-19. “The time is now and we must act quickly to support our frontline healthcare workers and those in need during these trying …
Andrew Tai, CEO of Motoinsight, says his team has been busy working with dealer clients on implementing digital retailing and adapting to the pandemic. Tai, a longtime advocate for digital retailing and improving the online experience for dealership guests, says …
Ontario Premier Doug Ford announced changes to the list of essential services, effective as of April 4, with the sales department of car dealerships no longer listed as essential. “The sales departments of all car and truck dealerships in the …
March data reveals that U.K. new car sales plummeted 44.4 per cent as dealerships closed due to the COVID-19 pandemic. “The collapse – while expected – brings new-car registrations down to a level lower than any seen since the 1990s,” …
As General Motors prepares to make more ventilators, which are needed for critically-ill COVID-19 patients, the company will need to source parts from China — and may have to deal with a 25 per cent tariff upon entry into the …
Audi announced a new social media road trip initiative that allows consumers to virtually “drive” through Australia’s countryside. “The Drive is a digital concept that allows customers to experience the pleasure of the open road from the confines of their …
Tesla engineers recently revealed a prototype for a ventilator, which are needed for certain COVID-19 patients. “The design for the ventilators relies heavily on Tesla car parts, one of the engineers said, enabling the company to re-deploy existing stock and …
J.D. Ney, Director, J.D. Power Canada, discusses how dealers are adapting to the pandemic. He says an OEM and dealer’s digital presence is more important than ever before. His organization will be conducting new research on consumer buying trends.
