KOT Auto Group has acquired Duncan Hyundai, adding another Hyundai dealership to its growing portfolio and further expanding its presence on Vancouver Island. The acquisition strengthens the Kelowna-based dealer group’s position within Hyundai’s Canadian retail network and continues a period …
Canadian used wholesale vehicle prices continued to soften during the week ending May 30, with the market posting a steeper decline than the previous week, according to Canadian Black Book’s latest Market Insights report. Overall wholesale values fell 0.49 per …
U.S. dealer sentiment improved modestly in the second quarter of 2026, but expectations for the months ahead deteriorated as economic concerns weighed on confidence, according to the latest Cox Automotive Dealer Sentiment Index. The survey, released May 26, found the …
Electric vehicle consideration among Canadian consumers rose this year for the first time since 2022, according to the J.D. Power 2026 Canada Electric Vehicle Consideration Study released May 28. The study found 34 per cent of new-vehicle shoppers said they …
Employment across Canada’s automotive sector weakened in early 2026, according to new industry data released by DesRosiers Automotive Consultants. Total automotive-related employment reached 578,900 workers in February, down 0.8 per cent from the same month last year. The sector had …
Stellantis is openly considering using Canadian facilities to build Chinese-branded electric vehicles as the automaker expands partnerships aimed at lowering costs and accelerating EV development. Speaking after the company’s investor day near Detroit on May 22, Stellantis CEO Antonio Filosa …
Cox Automotive expects the pace of U.S. new-vehicle sales to improve modestly in May as consumers continue purchasing vehicles despite economic uncertainty and rising fuel costs. In a forecast released May 27, the company said the seasonally adjusted annual rate …
CAA South Central Ontario is warning drivers about a growing form of vehicle theft that combines distraction tactics with electronic tools capable of intercepting or relaying key fob signals. In a release issued May 27, the organization said police services …
Canada’s automotive industry could either expand production to two million vehicles annually or lose assembly operations entirely by 2040, depending on trade policy, EV adoption and global competition, RBC Thought Leadership said in a new report examining the sector’s future. …
A growing number of consumers are buying vehicles from a single dealership, a trend CDK Global said is helping drive higher customer satisfaction during the buying process. According to the company’s latest Ease of Purchase Scorecard, 41 per cent of …
The renovation of the Newmarket Mercedes-Benz dealership is more than just converting a 25-year-old rooftop into a modern-day, state-of-the-art complex. It is a dream come true for Managing Partner Brian Fulton, the onetime Mercedes-Benz Canada president. The dealership had once …
Policaro Group is adding Danish hypercar manufacturer Zenvo Automotive to its portfolio, becoming the exclusive retail and distribution partner for Central and Eastern Canada under the banner Zenvo Toronto. The Oakville, Ont.-based dealer group announced the partnership May 20, …
