Automotive retail technology company CDK Global is set to be acquired by Brookfield Business Partners for $8.3 billion. The company entered into a definitive agreement to be acquired by Brookfield Business Partners, together with institutional partners which are collectively known …
The Ford F-series remains the best-selling vehicle in Canada—by just a few units. According to DesRosiers Automotive Consultants (DAC), the Ford F-series has been the best-selling vehicle in the country on an annual basis since 2009, and the best-selling pickup …
Following news of the first standalone Genesis Retail Experience Centre in the United States, the automaker announced the first such retail facility in the province of Quebec. Genesis Estrie is located in Sherbrooke, Que., and is the automaker’s second retail …
March of 2021 was the strongest month of the last year for auto sales in Canada, but given the combined impact of ongoing pandemic-related issues and supply-side constraints, the trend has been downhill ever since. Sales of 140,460 new vehicles …
In a recent report from J.D. Power, in which it notes that leasing volume now accounts for 19 per cent of total new vehicle sales, the company said both lenders and dealers need to be “more targeted and purposeful than …
Cox Automotive recently launched Kelley Blue Book Instant Cash Offer in Canada after offering the tool in the United States for more than six years. The “new” tool is customized for the Canadian market and aims to help dealers get …
Quebec rebates for electric vehicles have been reduced, while more funding is being provided for charging stations and to help support the development of minerals for EV batteries, according to the province’s 2022-2023 budget report. The report shows that Quebec’s …
Genesis opened its first standalone retail facility in the United States, the company announced. Genesis of Lafayette is located in Louisiana and is owned and operated by dealer principal Arthur C. LeBlanc Jr. and Sterling Automotive Group. Consumers can book …
The heads of three major automotive trade associations in Canada came together on April 1 to discuss the federal government’s recent announcement around a zero-emission vehicle sales mandate, along with key elements needed in the federal Budget to achieve these …
Benny Leung and Nav Bhatia, two longtime Toronto-area dealer principals, broke ground on March 31 on new stores under the Hyundai/Genesis banner. Leung, President of Marsim Auto Group, will be opening a combined Genesis and Hyundai auto complex just north of Yorkdale …
Seventy-five per cent of consumers are comfortable buying a vehicle through either a fully online approach or a combination of online and in-person elements, according to the 2022 Capital One Car Buying Outlook. The company’s report, released in March, also …
Electric vehicle adoption is gaining momentum among Canadian consumers, according to Canadian Black Book’s annual study on car buying trends, which is conducted by Ipsos. CBB released more information from the study, which was conducted this year. The report findings …
