The OCM Auto Financing Group, an Ottawa-based subprime automotive lender, increased its fund size to $100 million, the company announced in April. That increase comes thanks to funds received from accredited investors through a series of debenture offerings, and from …
Keyloop is launching an event on May 2 that will explore how digital transformation can result in a more efficient sales and customer lifecycle for automotive manufacturers and retailers. The event is called “Leading with Experience First” and is set …
New research by NordPass points to a common but alarming issue with automotive sector employee passwords used to secure business accounts. Employees of the world’s biggest companies from 31 countries tend to use very poor passwords, as NordPass discovered when …
IKEA Canada announced 25 additional electric vehicle charging stations at five of its stores in Ontario and Québec, representing yet another example of a retailer outside the automotive industry feeling the effects of global electrification efforts. The company secured $300,000 …
While the Canadian used vehicle wholesale market was down -0.05% for the week ending on April 15, overall car segments were up on average by the same percentage. The data was pulled from Canadian Black Book’s latest automotive Market Insights, …
Aviva Canada, a property and casualty insurance group, plans to bring Level 2 electric vehicle chargers to seven under-served communities in Ontario that lack EV infrastructure. The company will do this through its Charged for Change initiative. Thanks to a …
DecisioningIT is set to launch a widget that will allow consumers to get prequalified for lending regardless of their credit rating and directly through the dealership’s website. Rosa Hoffmann, CEO and Co-founder of DecisioningIT, which launched two years ago in …
Google Ads recently announced a new ad format known as “vehicle ads” that shows vehicles for sale in Canada. Consumers that search online via Google for a vehicle (example: 2023 SUV) will see options that they can buy nearby or …
The average price consumers paid for a new vehicle in the U.S. fell below the manufacturer’s suggested retail price in March 2023 to $48,008, breaking a 20-month trend and representing a month-over-month decrease of 1.1 per cent ($550), according to …
AutoCanada added another dealership to its portfolio with the recent acquisition of Premier Chevrolet Cadillac Buick GMC, a new and used vehicle dealership and collision centre in Windsor, Ont. In a news release, AutoCanada’s Executive Chairman Paul Antony said the …
VinFast, a Vietnamese electric vehicle manufacturer, launched its operations in Canada with a splashy event in Toronto, Ont., last fall. Months later, it has now opened its first store in Vancouver, B.C. Its new B.C. store is located in North …
A recent two-part survey from Dealer Image Pro found that online videos play an important role for consumers when researching and buying a vehicle. “Consumers are now demanding, more than ever, quality content in all media formats, including full-motion VDP …
