The Canadian used wholesale market was up for the third straight week, as automakers continue to tackle the issue around low inventory levels for both new and used vehicles, according to Canadian Black Book. Wholesale values for both the car …
Driving could be outlawed by 2050 as autonomous vehicles match or exceed human safety by 2024, according to a new IDTechEx report by Dr. James Jeffs. The report, Autonomous Cars, Robotaxis & Sensors 2022–2042, also found that by 2024 self-driving …
Canadian auto dealer editor Todd Phillips interviews Chris Pfaff, President & CEO of Pfaff Automotive Partners, to discuss his partnership with Lithia & Driveway. Pfaff is the first Canadian dealer group to join a U.S. public auto group. Pfaff shares …
Pfaff Automotive Partners and Lithia & Driveway (formerly known as Lithia Motors) announced a new partnership that marks the first entry of a U.S. public automotive retailer in the Canadian market. In a news release, Pfaff Automotive Partners said 11 …
What is the most common challenge that new vehicle owners are faced with today? The answer is smartphone connectivity, according to the J.D. Power 2021 Initial Quality Study (IQS). The study notes that new vehicle quality improved only 2 per …
Yolanda Biswah, who was promoted to vice president of sales in 2020, now steps into the role of senior vice president and general manager for Canadian Black Book. She will be responsible for the day-to-day operations of CBB, with oversight …
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 …
