Last week, Canadian Black Book released its Used Vehicle Retention Index for June 2022, which revealed that the market trajectory is no longer straight up, but has begun a slight decline from the highs experienced in March. For June, the …
Nova Scotia’s largest auto group, Steele, has made further forays into the U.S. market, with their recent acquisition of North Star Chrysler Jeep Dodge Ram in San Antonio. Since expanding into Texas in February of 2020, Steele now owns and …
A major automotive group in Ontario has created a program to address the subprime car finance market, after losing customers who couldn’t afford to buy used automobiles because of a bad credit rating, and has opted to do deals with …
Dealerships can do a better job educating their buyers about connectivity options in their new vehicles, found a new study called “The Driver’s Mindset: Connectivity and Connectedness,” published by LexisNexis Risk Solutions this week. Though connectedness is “mainstream to most …
Despite their growing popularity, battery electric vehicles have historically lagged behind gas-powered vehicles in terms of owner satisfaction with economy and range, but high gas prices are reversing this trend, according to J.D. Power’s 2022 U.S. Automotive Performance, Execution and …
New vehicle registrations were down in 2022, declining 9.6% from the first quarter of 2021 to 339,820, according to the numbers released earlier this week by the Government of Canada. Sales of gas-powered vehicles fell the most with 13.2% fewer …
As Porsche prepares for an initial public offering, they are placing their bets on the future profitability of their EV divisions, Bloomberg reports. Porsche executives are clearly focusing on the EV revolution as a positive situation, not a hurdle to …
A 26-year-old Montreal entrepreneur who is a graduate of the Georgian College Automotive Business School and worked at a dealership for several years has started a service to give dealers high-quality leads from customers looking to buy used cars. Guy-Oliver …
One of the most important variables for the vehicle aftermarket is kilometres driven, having bearing on a wide range of aftermarket categories. Though there have been recent reports indicating that, in the latter six months of 2021, Canadians drove more …
Reynolds and Reynolds has joined the steering committee of the organization Standards for Technology in Automotive Retail (STAR) with the aim of further integrating their existing products to increase efficiencies and productivity for their clients. STAR has been developing voluntary …
The wholesale market as a whole continues to slightly decline, down -0.26%, more than the 2017-2019 average, which was -0.21%, according to Canadian Black Book. The Canadian wholesale market for used cars was down -0.40%, compared to being down -0.22% …
Profits from investment into electric vehicle infrastructure has been fueling a quickly changing landscape for the auto industry, says new research from Bain & Company. Though anticipated, these changes are happening even more quickly than most analysts predicted, with the …
