Hyundai Motor Group’s Executive Chair Euisun Chung received the 2023 MotorTrend Person of the Year award thanks to his “vision and leadership,” according to a company news release. The award is noteworthy due to the many shifts occurring in the …
Canada is among the top three countries experiencing the biggest decrease in car production since the pandemic, according to insurance firm GoShorty. A total of 288,235 cars were produced in 2021, along with 826,767 commercial vehicles — placing total production …
Consumers shopping for new or used cars will have a better understanding of the marketplace this year, said a dealer with more than 30 years in the business. Paul Valentine, Dealer Principal of Valentine Volvo in Alberta, is projecting it …
The car segment outperformed the SUV/truck segment during a week that saw prices decline by 0.46% for the overall Canadian used wholesale market. The information, published by Canadian Black Book as part of its weekly market insights, covers the week …
Templeton Marsh Mergers and Acquisitions brokered the sale of four dealerships owned by Le Groupe Lachapelle to Groupe Olivier — a move that is considered significant in the Quebec automotive industry. Templeton Marsh Co-founder and Managing Partner Samir Akhavan told …
Sym-Tech Dealer Services officially completed its acquisition of SSQ Dealer Services from the Beneva Group. SSQ Dealer Services is known for its protection products and services, which it provides to a large network of dealers throughout Quebec. “SSQ Dealer Services …
Canadian Black Book’s Used Vehicle Retention Index was down slightly for December 2022, a stark contrast from where the index sat earlier in the year. The last month of 2022 saw the index reach 157.6 points — down 0.7% month-over-month. …
J.D. Power completed its purchase of electric vehicle (EV) data company ZappyRide, helping the data analytics firm expand its EV portfolio as part of its E-Vision initiative. ZappyRide builds white-label software and tools for automotive OEMs and electric utilities, among …
Automotive industry suppliers are preparing to showcase their offerings at the NADA Show 2023 slated to take place in Dallas, Texas, this year between January 26-29. During this time, Reynolds and Reynolds plans to promote new ways for dealers to …
Not all the automakers have reported 2022 year-end sales yet, but we’re close enough to a final number to know that it will fall short of 1.5-million, probably somewhere very close to 1,488,600 units. DesRosiers Automotive Consultants (DAC) have estimated …
The world of the Jetsons was supposed to be here by now, but though our information, communication systems and computing abilities are compatible with the cartoon, we neither have flying cars, nor autonomous vehicles in our daily lives yet. …
The Canadian used wholesale auto market was down -0.44%, according to Canadian Black Book. The 2017-2019 average was -0.35%. The Canadian wholesale market for used cars declined slightly less than last week, down -0.44%, and trucks were down more from …
