Groupe Vincent and Groupe Le Prix du gros, two dealership bodies in the same geographical area in Quebec, recently engaged in a rare transaction swapping dealerships. Group Vincent, which began in 1924 and is a fourth-generation company, acquired Shawinigan Chrysler …
Several Canadian automotive companies have received awards in the 2022 Canada’s Best Managed Companies program, presented by Deloitte. The program, now in its 29th year, recognizes excellence in private Canadian-owned companies with annual revenues over $50 million. OpenRoad Auto Group, …
British Columbia continues to lead the way when it comes to purchasing EVs, with Quebec consistently right behind, according to a new study published by DeRosiers Automotive Consultants. EV registrations in Canada in 2021 overtook diesel vehicle registrations for the …
Though the VF 8 and VF 9 are not available to consumers until the later half of this year, VinFast Canada has issued a statement about its battery subscription pricing for these two vehicles. Each model will be available in …
Join Todd Phillips, Canadian auto dealer’s Senior Editor, as he talks with DSMA’s newly appointed Exec. VP, North America, Maria Soklis, and CEO, Farid Ahmad, about the experience and talents Soklis brings to the DSMA organization, as well as the current auto buying …
Controversial, and historically volatile though it may be, cryptocurrency is becoming a legitimate financial instrument. It’s the product of a huge amount of investment, particularly by Millennials and Gen Zs. To serve this market, which may have less access to …
The current financial woes of Carvana are not surprising to a Canadian dealer, who studied the concept of buying cars without actually seeing and driving them, and found it fundamentally flawed. Michael Carmichael, President/CEO of UpAuto in Stratford, Ontario, said the recent …
For the second year in a row, the dealership group HGreg has been awarded the 2022 winner in Canada’s Best Managed Companies program. This honour ranks HGreg at the top of Canadian held and managed companies with revenue over $50 …
Luxury vehicles led the way for price increases last month, but retail prices have become less affordable across the board due to continued supply issues. New-vehicle average transaction prices (ATPs) increased to $46,526 in April 2022, according to new data …
Ontario Motor Sales is celebrating its flagship store’s 99th anniversary with a big bash as part of a leadup to turning 100 next May. Based in Oshawa, it is one of the oldest General Motors dealerships in Canada. The site …
Hyundai Canada has donated $5,000 to the Hollyburn Hockey Heroes program, which helps youth 14-18 in the West Vancouver neighborhood participate in hockey and other sports. Many of the youth have been unable to play due to financial or social …
It’s spring, the season when new-vehicle sales typically ascend toward their May crescendo, the apogee of the annual sales chart. But it is not happening this year, just as it didn’t happen last year. In fact, April 2022 sales of …
