In a December 10 letter sent to several senators in the United States, Canada threatened to impose tariffs and suspend certain parts of the Canada-United States-Mexico Agreement (CUSMA) due to the Biden administration’s proposed electric vehicle tax credit. A copy …
Genesis opened its first Retail Experience Centre to begin operations in North America in London, Ont. on December 10—a major milestone for the company and its business model. “We’re pleased to open our first Retail Experience Centre and provide customers …
Polestar Montréal officially opened on December 13 and will operate out of a multi-story container showroom that uses repurposed/retired shipping containers in a “clean and minimalistic architectural manner,” according to the company. “Quebec is a crucial province for Polestar, especially …
Cox Automotive announced the promotion of Ola Ajayi-Salako to Senior Director of Agile Delivery on December 13. She will act as the site leader for the company’s Canadian website, effective immediately. In her expanded role, Ajayi-Salako will work with local …
Hyundai Canada will donate $500,000 to the Kids Help Phone over the next two years, the OEM announced in December. The news is important as the funding will go toward a number of Kids Help Phone programs and initiatives dedicated …
The latest update from DesRosiers Automotive Consultants (DAC) indicates that automotive employment in Canada for the third quarter of the year remains far below pre-COVID (2019) levels. “In 2020 the pandemic hit the auto sector hard, followed in 2021 by …
The AWIN Group of Dealerships and Zanchin Automotive Group teamed up to take ownership of all corporate-owned Mercedes-Benz dealerships in the Greater Toronto Area, according to a December 7 Mercedes-Benz Canada news release. The OEM is divesting the dealerships, known …
The Canadian used wholesale market continues to be “red-hot,” according to Canadian Black Book, which notes that prices increased now for the 17th straight week across 19 of the 22 segments for the week ending on December 7. Overall, prices …
Registration for the J.D. Power Auto Summit on March 10, 2022 in Las Vegas, Nevada is now open. The summit is considered one of the top automotive retail events at the NADA Show, and is a one-day event that features …
Hyundai Capital America is among the latest captive finance companies to migrate to KAR Global’s OPENLANE iQ platform. In discussing why this is important, Trevor Henderson, COO of ADESA, said in an email response that the current wholesale marketplace supply …
Canadian Black Book’s Used Vehicle Retention Index for November 2021 jumped to another all-time high of 152.6 points—up 13.2 points compared to October, which is the previous record. CBB said the increase in November, is “far and away the highest …
J.D. Power released its Automotive Market Metrics for Canada on December 6, which shows that the percentage of total transactions for new vehicles over the past 12 months was 54% for loans, 29% for leases, and 17% for cash payments. …
