U.S. used car index drops in April
Black Book’s Used Vehicle Retention Index for the U.S. declined in April for the fifth consecutive month — but it’s still higher than it was a year ago. Data shows that the index was at 113.6 in April, which is …
Category: Industry News
Study to guide Quebec on future mobility
A new study on the regulation of electric and smart transportation was recently released by the The Chamber of Commerce of Metropolitan Montreal and Propulsion Québec to help the province, and Montreal, distinguish themselves in this area. “The future of …
“Data” jobs top 2019 CareerCast list
Connected cars, consumer data and cybersecurity — these are three important areas that are expected to gain momentum in the coming years within the automotive industry, while also pointing to the importance that data itself will play in the sector. …
Toyota will build Lexus NX in Ontario
Toyota Canada announced on Monday that it will build the Lexus NX and Lexus NX Hybrid compact luxury SUVs at its Cambridge plant in Ontario as of 2022. The company’s Cambridge factory, along with its plant in nearby Woodstock, currently …
The challenge with autonomous cars
Tesla’s CEO Elon Musk made headlines when he predicted the company will have autonomous robo-taxis on the road in 2020 — but that timeframe seems unlikely, according to research from Warwick Business School and Jaguar Land Rover. They argue that, …
U.S. used car values losing steam
The U.S. used vehicle market is beginning to lose some of its momentum, according to data from Black Book. “Spring market strength is starting to fade as positive adjustments to values slowed down last week. We are seeing more no-sales …
Ontario students compete in NATC contest
Students from Markham, Ont., placed 12th at the prestigious National Automotive Technology Competition on April 24 in New York City. The grade 12 students, Vincent Servinis and Samuel Luff from St. Brother André Catholic School, represented the Trillium Automotive Dealers …
Much innovation anticipated for 2019
Connected, shared, electric, and autonomous technologies are expected to be the dominant factors of innovation within the automotive industry this year, according to recent findings from Frost & Sullivan. In their Global Automotive Industry Outlook 2019, they see the global …
Mitsubishi offers dealer incentive program
Following the news of the government’s zero-emission vehicle program, Mitsubishi Motors has announced a $2,500 dealer incentive program across Canada on model year 2018 Outlander PHEVs until the federal incentive comes into effect on May 1, 2019. The carmaker said …
U.S. used car prices finally rise
U.S. used vehicle prices have increased for the first time in six months, according to analysts at J.D. Power Valuation Services. During this period the market experienced consistent declines, but has since improved in March, around the same time the …
Porsche to launch carbon offsetting program
Porsche is embracing one of the many key themes currently floating around the global automotive industry: carbon neutrality. Carbon offsetting, like zero-emission vehicles (ZEVs) is a growing trend, and one that has sparked the interest of the German carmaker who …
CRM vendors moving to cloud-based system
Forward-looking CRM (Customer-relationship management) vendors are making the shift to a cloud-based system to meet customer expectations. In a recent study, the analyst firm Frost & Sullivan offer a forecast about the global automotive customer relationship management market, and suggest …
