Strong monthly luxury utility sales and high yearly vehicle sales have spurred transaction prices in the U.S., reported Kelley Blue Book. The estimated average transaction price in the U.S. was around $33,730 in September 2015 —up $660 from that same …
Auction provider Manheim is planning on growing its operations in Western Canada, said parent company Cox Automotive Canada. To help promote that, Manheim Vancouver hosted an inaugural dealer sale on October 6 at 10:00 a.m. It was held at Unit …
Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) announced it has acquired CTL Corp., the largest privately‐owned consumer vehicle finance company in Canada. The transaction was completed on October 2, 2015. “This strategic acquisition expands the breadth of …
Experian has come out with new data on customers that it says will help dealers sell inventory. “Nowadays finding the right automotive customer can be a challenging task. Where do they live? How old are they? How much do they …
Toyota and Scion dealers will soon have another way to bring customers into their dealerships and help retain them. Toyota Canada and the Aeroplan loyalty program have announced a new national multi-year partnership that will enable members to earn Aeroplan …
A new partnership between Sym-Tech Dealer Services and AmTrust Financial Services Inc. will provide Canadian dealers with more comprehensive F&I solutions. Combined, Sym-Tech and AMT Warranty, a subsidiary of AmTrust Financial Services, said they will be able to provide dealers …
Grand Touring Automobiles celebrated its new downtown Toronto location with a groundbreaking ceremony, and invited OEM executives, industry members and Canadian auto dealer to witness. The luxury auto retailer, which carries Aston Martin, Jaguar, Land Rover, Bentley, Bugatti, Lamborghini and …
Martin Winterkorn has resigned as Volkswagen CEO following the scandal surrounding the emissions of its diesel-powered vehicles. “Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation,” …
Forty years after becoming the first Honda dealership in Ottawa, Dow Honda inaugurated its brand new custom-built state-of-the-art facility on September 15 at the corner of Colonnade and Merivale roads in the Nepean sector. The four-acre location has a spacious …
Michael Soutter has been promoted to Vice-President of Sales Operations for Nissan Canada inc., effective immediately. The current director of Aftersales will report directly to Christian Meunier, President of Nissan Canada. “Michael’s leadership, competitive nature and ability to think outside …
F&I solutions provider LGM Financial Services has once again been named one of Canada’s Fastest-Growing Companies by Canadian Business and PROFIT. The company ranked 312 on the latest annual PROFIT 500, with a five-year revenue growth of 174 per cent. …
It was a packed house at the 2015 Quorum Customer Conference held September 15-16 at the Crowne Plaza Toronto Airport hotel. “They’ve gained some momentum,” said Mark Allen, Vice-President of Marketing and Services for Quorum Information Technologies. “You’ll see that …
