In its April Monetary Policy Report, the Bank of Canada said tariffs and trade uncertainty are expected to continue affecting the Canadian economy, including sectors tied closely to automotive manufacturing and retail. The central bank said current U.S. tariffs are …
Canadian auto dealers are placing greater value on lenders that actively help close deals as affordability pressures continue reshaping the retail market, according to the 2026 Canada Dealer Financing Satisfaction Study released by JD Power. The study found dealers increasingly …
Japanese vehicle brands continue to outperform competitors on long-term reliability, according to a new report from online used-car retailer Clutch. The Clutch Certified Reliability Report, based on more than 100,000 vehicle inspections conducted since 2017, found German luxury brands such …
Auto theft insurance claims and losses declined in Canada in 2025, according to new data released by the Insurance Bureau of Canada. The industry association said theft claims fell 24 per cent year over year in 2025, while the value …
AutoCanada has appointed Mike Woodward as Chief Financial Officer, effective July 6, the dealership group recently announced. The Edmonton-based company said Woodward joins the leadership team with more than 18 years of financial leadership experience across public and private organizations, …
U.S. new-vehicle price growth slowed in April as the market faced softer demand and shifting sales patterns, according to recently released data from Kelley Blue Book. The average transaction price for a new vehicle reached $49,461 in April, up 1.8 …
Canada’s used wholesale vehicle market continued to soften in the week ending May 9, though the pace of declines moderated compared with recent weeks, according to Canadian Black Book. Overall wholesale prices declined 0.21 per cent for the week. Car …
Team Velocity is expanding into Canada after being approved as a vendor in General Motors of Canada’s Dealer Customer Lifecycle program, known as the CSSR Choice Program. The Washington-based automotive technology company said Canadian GM dealers can now use its …
Canadian wholesale used-vehicle prices fell another 0.32 per cent for the week ending May 2, according to Canadian Black Book’s latest Market Insights report. Car segments declined 0.32 per cent, matching the drop in truck and SUV segments. The overall …
The U.S. Federal Reserve’s latest decision to hold interest rates steady exposed growing divisions among policymakers, adding fresh uncertainty for the U.S. automotive sector as affordability pressures continue to mount, according to Cox Automotive. In its latest Auto Market Weekly …
CarGurus has signed a multi-year partnership with the NASCAR Canada Series, becoming a presenting partner and the series’ official automotive marketplace. The agreement includes entitlement sponsorship for two races, beginning with the CarGurus 200 at Canadian Tire Motorsport Park in …
DSMA has expanded the role of Crissy Knorr to support automotive dealers across Alabama as the company strengthens its presence in the southeastern United States. The automotive merger-and-acquisition advisory firm said Knorr, a Birmingham native, will work directly with dealers …
