Canadian Black Book (CBB) released data for the week of July 28th showing small week by week gains that may indicate a slow strengthening across the industry. The report noted that the small weekly gains they’ve been tracking will make …
Cars.com Inc., a leading digital automotive marketplace and solutions provider, recently shared a large amount of consumer data and research that they’ve been tracking since the pandemic hit in March, 2020. Based on this data, the company has identified several …
Cox Automotive, which includes brands like Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim has a new president. Cox Enterprises announced this week that effective August 3, 2020, Steve Rowley will take on the new role. The announcement was made …
Toyota Research Institute — Advanced Development, Inc. (TRI-AD) announced this week that it will be expanding its operations. Effective January 2021, the company will launch a holding company and two operating companies. Woven CORE, Inc. and Woven Alpha, Inc. will …
Moving forward, Sunridge Automotive is increasing the precautions they take when accepting trades and buy-ins, after a truck the dealership had screened was discovered stolen. The vehicle in question had been re-VINed with a VIN that was not stolen, and …
International Fortune 500 automotive retailer Group 1 Automotive, Inc. reported a 2020 second quarter net income of $30.2 million this week and a second quarter total revenue of $2.1 billion. “Rapid and deep cost cuts, combined with a quicker-than-expected U.S. …
As dealerships across Canada adjust to new health and safety protocols while serving customers again, Robert Poëti, President and CEO of the CCAQ (La Corporation des concessionnaires automobiles du Québec) is advising caution. In an interview with Canadian auto dealer …
François Blais, previously the President of iA Auto and Home Insurance and Prysm General Insurance, has stepped into the role of Executive Vice-President of Dealer Services and Special Risks at iA Financial Group. In an interview with Canadian auto dealer …
Clutch, a Canadian online retail platform for vehicles, announced last week that they have raised $7 million in seed financing which they will use to grow their team and scale their business in each of the cities that they currently …
Frost & Sullivan, a world-renowned consulting firm focused on navigating economic changes and identifying disruptive technologies, have recognized Amazon Web Services, Inc. (AWS) with the 2020 Global Company of the Year award. The award is one of Frost & Sullivan’s …
The connected vehicle industry is coping with flat revenues and a 15 per cent decline in shipments in 2020, although global tech market advisory firm ABI Research anticipates a return to financial stability early in 2022. According to ABI Research, …
Although the demand for contactless sales was already well established within the automotive industry before COVID-19 hit, the pandemic has accelerated the need for a solution as dealerships look to innovate in light of the pandemic. A Louisiana-based Inc. company …
