Canadian car segments experienced record weekly wholesale increases this week, according to Canadian Black Book’s automotive market update ending the week of May 4, 2021. The overall market was up 0.48% this week compared to 0.40% last week, with the …
New and used vehicle loans lead the way in terms of the percent of total U.S. transactions per vehicle purchase type that occurred within the last 12 months, according to J.D. Power’s recent Automotive Market Metrics. Released on May 4, …
KAR Global has acquired Auction Frontier, the pioneer of cloud-based auction simulcast solution Velocicast. If that solution sounds familiar, it’s because Velocicast powers the Adesa Simulcast and Simulcast+ technologies everywhere, regardless of geography. The acquisition should help KAR Global accelerate …
Hyundai Canada plans to expand its partnership with the BGC Canada charity for children and youth by providing $1,000,000 over four years to support BGC Canada and the Youth of the Year program. The Youth of the Year Awards event …
Kelley Blue Book has revealed the names of its Best Family Cars for 2021 in the categories of Best Two-Row SUVs for Families, Best Three-Row SUVs for Families, Best Full-Size SUVs for Families, and Best Minivans. “When it comes to …
General Motors idled the production of its Chevrolet Equinox crossover due to a shortage of semiconductor chips. According to Driving.ca, GM’s Ingersoll facility in Ontario, also known as CAMI Assembly, currently builds the Equinox “and is touted by General Motors …
Along the lines of the “Buy America” philosophy that carried over from the Trump Administration, the United Auto Workers (UAW) said it wants the tax incentives for electric vehicles revised to require U.S. assembly if those vehicles are to qualify. …
Greater demand for rubber and tires from China, combined with COVID-19 restrictions affecting rubber tree planting and a lack of shipping containers, may create a global tire shortage issue, according to Car and Driver. For 2020, tire manufacturers suggested it …
Hyundai collaborated with Snapchat to launch an augmented reality lens so Snapchatters can inspect the Hyundai Kona and its latest features without going to the dealership. They can also do so by scanning the Snapcode. “Snapchat provides the perfect platform …
General Motors plans to invest $1 billion into its Ramos Arizpe, Mexico facility — a plant that currently makes the Chevrolet Equinox and Blazer SUVs, and once built Pontiac Azteks. The investment is the next step in laying the groundwork …
Canadian provinces recorded large sales increases for new light vehicles in March 2021, with several also managing significant increases for the first quarter overall, according to DesRosiers Automotive Consultants (DAC). The largest increase for the month came from the Eastern …
Kelley Blue Book has revealed the winners of its 10th annual 5-Year Cost to Own Awards, which recognizes new vehicles with the lowest estimated ownership costs over the initial five-year ownership period. The brand category winners for the 2021 awards …
