Global B2B automotive trading platform Trade X completed its financing round on July 27, gaining an additional equity funding of US$10 million (at a US$250 million pre-money valuation) from new investors. “We are humbled by the support that we have …
Quebec’s Groupe Park Avenue and the Montreal Alouettes are teaming up for a two-year partnership that will see the dealership group become the presenter of the Alouettes’ 2022 season tickets renewal campaign. “It is with great pleasure that we welcome …
For dealers interested in how the Canadian motor vehicle assembly sector is doing, DesRosiers Automotive Consultants (DAC) reports that it is lagging behind the overall automotive industry. Through much of this year, DAC talked about the pandemic and the semiconductor …
FIX4 Capital, which specializes in affordable and quick vehicle repair financing, joined the Canadian Lenders Association (CLA), a national non-profit organization, to help provide consumers with greater access to affordable financing solutions. CLA represents more than 130 FinTech companies in …
Digital Air Strike joined the Fortellis Automotive Commerce Exchange—an open platform for developing and marketing API-based auto solutions—as a new contributor on the platform. The integration on the platform is meant to provide a more user-friendly back-end experience, and a …
Upstream Security, an automotive cyber security and data analytics company for connected vehicles, recently closed a $62 million investment as part of its round C funding. The latest investment was led by Mitsui Sumitomo Insurance (MSI), and included investors such …
Carbeeza selected Canadian Black Book as a data provider to power the company’s new automotive consumer marketplace, which is currently operating on a “first look” page. Carbeeza integrated CBB’s trade-in and wholesale data to its new platform’s loan appraisals. The …
The Canadian Automobile Dealers Association (CADA) launched a microsite soon after Prime Minister Justin Trudeau set the ball rolling for a snap election this fall. The federal election will take place on September 20, less than a month from now. …
Canadian Black Book observed a slight rise in wholesale values last week, due to continued low inventory for both new and used vehicles. “The Canadian wholesale market is back to increases after five weeks of overall market declines and one …
Quorum expanded its DealerMine Business Development Centre (BDC) services to include collision centres, thanks to its long-standing and strategic partnership with AutoCanada. “Expanding our BDC offering to include collision centres aligns well with our expertise in service and allows our …
The Quebec government is moving ahead with its goal of implementing a COVID-19 vaccine passport on September 1 for services deemed as non-essential. Dealerships at the moment are considered an essential service in the province, particularly for the service and …
Reynolds and Reynolds announced a new partnership in Canada, where it will be teaming up with DealerCorp Solutions (based in Markham, Ont.) and become a licensed reseller of its desking product. Deskit is DealerCorp’s digital retailing solution that allows dealers …
