Mike Groff, President and CEO of Toyota Financial Services (TFS), will retire August 13, but will serve as an executive advisor until November 16, 2018. He will be replaced by Mark Templin. “Mark brings a global depth of knowledge and …
The Ontario Motor Vehicle Industry Council (OMVIC), the province’s vehicle sales regulator, is sending out a warning to electric vehicle (EV) buyers who may be expecting a rebate from the soon-to-be cancelled Electric and Hydrogen Vehicle Incentive Program (EHVIP). Ontario’s …
Car sales in both Canada and the U.S. continue to hover just below record-high levels, according to Scotiabank Economist Juan Manuel Herrera. The data was pulled from his latest Global Auto Report, which provides a wide-ranging view of the status …
New vehicle prices in the U.S. increased nearly 3 per cent or $985 in July 2018, year-over-year, while dropping 0.4 per cent from the previous month, according to the analysts at Kelley Blue Book. They also note that the estimated …
RAPID RTC, a Canadian-based SaaS (Software as a Service) provider in digital lead management, is teaming up with Volkswagen’s U.K. division to share its platform. The partnership, which was officially announced last week in the U.K., will see the tech …
Cox Enterprises has named Luis Avila-Marco as its Senior Vice President of Strategy and Corporate Development. Avila-Marco is expected to lead the company’s corporate strategy, in addition to overseeing a team focused on “diversification and long-term growth” beyond Cox Enterprises’ …
The company recently announced a “strategic transaction” with Oasis Charger Corporation to support its plan of expanding its North American network. The privately-financed deal was announced on Monday. “We are excited to be working with Juice Bar’s excellent team of …
Sergio Marchionne, former CEO of Fiat Chrysler Automobiles (FCA), and an industry legend, has died. He was 66 years old. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” said John Elkann, Chairman of …
Hyundai has launched a new digital “showroom” on Amazon to help meet changing consumers demands. The carmaker is extending its customer service from the physical dealership to the online store through Amazon.com, where consumers will have the ability to compare …
Sym-Tech Dealer Services has moved its headquarters to a new location near Toronto, according to a company news release. The new office will be located at 165 Commerce Valley Court in Markham, Ontario. “I’m really excited to announce the purchase …
The Canadian Black Book Used Vehicle Retention Index has declined slightly, by 0.4 per cent, for the month of June. This is the first decline since January 2018, according to a CBB news release. That being said, the index remains …
KAR Auction Services, a known vehicle remarketing and technology provider, has joined the Mobility Open Blockchain Initiative. Otherwise known as MOBI, the nonprofit foundation works as a member-driven consortium of partners (in this case, global automotive industry leaders) exploring blockchain …
