Paying attention to the progressive steps of Chat GPT and artificial intelligence overall may not seem necessary to some dealers, but its importance should not be understated. While the impact that AI and especially Chat GPT will have on auto …
Deputy Prime Minister and Minister of Finance Chrysia Freeland tabled the federal budget in Ottawa this week, and auto industry groups are offering a mixed reaction. The government called it the “Fairness for Every Generation” budget, and it addressed broader …
The Ontario Ministry of Public and Business Service Delivery is consulting on potential changes to the Motor Vehicle Dealers Act that could dramatically change the process of buying and selling cars in the province. There are 14 proposals that individually …
March new vehicle average transaction prices in the United States slipped 1% from February and were also lower year-over-year by 2.7%, according to Kelley Blue Book. When calculating the average from December 2022, a peak period, prices are now down …
On March 27, the Toronto Police College, Staff Superintendent Pauline Gray of Detective Operations, and Superintendent Steve Watts of Organized Crime Enforcement announced the results of a vehicle theft investigation dubbed “Project Paranoid.” Forty-eight vehicles were seized during the …
This week, Canadian Black Book’s latest Market Insights update reveals that the used wholesale market experienced a decline in prices of -0.34% for the week ending on April 13 — close to the prior week’s -0.36%, though inching further from …
Dealers in the United States are gearing up for a surge in car-buying activity as the tax-return season approaches, according to Cars.com. The company recently released its March Industry Insights Report, which found that U.S. dealers increased their new car …
Peer-to-peer car sharing marketplace Turo has teamed up with the Vancouver International Airport (YVR) and Calgary International Airport (YYC) to provide vehicle exchange locations for its clients. As a next-step in broadening its reach, the company wants to ensure consumers …
Brampton, Ont., has recorded one of the highest carjacking rates with around 5.25 incidents per 1,000 residents, according to a recent study conducted by MyChoice Financial, an insurance comparison service in Canada. Brampton, they said, tops their list of most …
Global electric vehicle sales are anticipated to increase by 21% this year and 19% in 2025, which is less than the 31% increase seen in 2023 or the 60% boost observed in 2022. The EV market is cooling, which ABI …
New Canadian light vehicle sales were split at the segment level for the first quarter of 2024, as DesRosiers Automotive Consultants observed an increase of 18.7% for the mass market category, and a decrease of 7.3% for luxury. In its …
This week Canadian Black Book’s Market Insights report reveals the used wholesale market experienced a decline in prices of -0.36% for the week ending on April 6. That is compared to -0.17% from the prior week. The car segment was …
