A “cautious” slowdown hit the Canadian used vehicle market where wholesale values are concerned for the week ending on July 9, according to Canadian Black Book. In its latest auto market update, CBB said used wholesale values were down 0.41% …
Infobip, a global cloud-based communications company, announced the launch of a carrier-sponsored rich communications services (RCS) solution in Canada with car-buying platform Canada Drives, and Videotron. “We’re excited about the customized solutions Infobip provides and look forward to more effectively …
Dealers looking to understand how their competitors in the automotive aftermarket are faring may be interested to note that e-commerce will emerge as a mainstream channel, according to Frost & Sullivan. A recent analysis from the company indicates that the …
Canadian electric vehicle off-road manufacturer Taiga Motors Corporation raised a combined $50 million from all levels of government in support of a mass-production assembly facility it plans to build in Shawinigan, Quebec. The announcement in July came from François-Philippe Champagne, …
A new report from IDTechEx hints at the coming of 600-mile (approximately 966 km) electric vehicles, and expects they will grab some of the market share—even as city cars, since the longer range will help reduce range anxiety. “We find …
U.S. wholesale used vehicle prices decreased 1.3% month over month in June, following four consecutive months of record highs, according to Cox Automotive. This brought the company’s Manheim Used Vehicle Value Index to 200.4—up 34.3% from a year ago and …
The Policaro Group will construct a new BMW dealership in the Greater Toronto Area (GTA), according to a company announcement on July 8 at a groundbreaking ceremony. The new dealership will represent the group’s second BMW franchise within the GTA, …
Cox Automotive Canada’s team members raised more than $12,000 thanks to their attempt to “Climb Every Mountain” by walking a combined total of more than two million steps in support of Make-A-Wish Canada. The event marks the first time the …
A recent report by global information and insights provider Clarivate found that despite significant strides in innovation in the past two decades, the larger issues around electric vehicle charge time and battery capacity remain unsolved. The company said critical design …
Subaru produced its 20 millionth all-wheel drive vehicle in June, achieving the milestone in the 49th year since the company introduced the Subaru Leone 4WD Estate Van in 1972—Japan’s first mass-produced AWD passenger vehicle, based on the OEM. The company’s …
The Toyota Corolla edged out the popular Honda Civic to take the top spot among passenger cars for the second quarter of 2021, year-to-date, thanks to a sales increase of 93.3%, according to DesRosiers Automotive Consultants (DAC). The company prepared …
Data from Canadian Black Book revealed used vehicle wholesale prices remained firm for the week ending on July 2, with an overall increase of 0.01% while the used retail market remains “red-hot.” According to CBB’s market update, premium sports cars …
