Canadian Black Book’s recently released Used Vehicle Retention Index for December 2024 reveals a decrease to 135.7 points from November’s 136.2 points. Year-over-year, the index slipped 7.6%. In its update CBB said the declines seen in the Canadian wholesale market …
J.D. Power has released its Canada Automotive Market Metrics for December 2024, revealing some similarities and adjustments from previous months. When considering the percent of total transactions over the past 12 months, per vehicle type, and for new vehicles, 23 …
Volvo Cars Canada announced a partnership with Canada Snowboard that will allow the OEM to connect with Canadians and families who have a passion for winter sports and adventure. In a news release, the organization said the goal is to engage …
The Canadian used wholesale market saw a decline of -0.14% in pricing for the week ending on Jan. 4, 2025, revealing a decrease that was less steep than the prior week’s -0.21% and the 2017-2019 average of -0.35%. Based on …
In looking back at the last year, DesRosiers Automotive Consultants wondered whether 2024 was the start of the new normal or simply a pause from chaotic times to come? They said the last few years have been difficult for …
As electric vehicle manufacturers continue to enhance the appeal of their vehicles, SiriusXM is among the many avenues they are taking. It will now be available to customers of new and existing Rivian R1T and R1S models, highlighting a collaboration …
As the new year begins dealers may be interested in DesRosiers Automotive Consultants’ latest update on automotive employment, which revealed a minor 0.6% increase back in October 2024 although performance for some industries varied. Manufacturing seemed to dip as the …
Toyota Engineering & Manufacturing North America received $4.5 million in funding from a division of the U.S. Department of Energy for a project meant to develop an industry-relevant template for a 3R (Reduce, Reuse, Recycle) facility of the future — where …
Depending on which dealer you talk to and the brand or multiple brands they retail, there is reason for optimism or concern for vehicle sales in Canada this year, according to some people interviewed by Canadian auto dealer. While new …
Online car retailing giant Carvana was in the media and investor spotlight after a January 2 report from Hindenburg Research, called the company’s recent turnaround efforts a “mirage.” Carvana was founded in 2012 and is headquartered in Tempe, Arizona. “After …
Automotive State of the Union (ASOTU) has launched a docuseries on Prime Video about the automotive retail industry that shares untold stories they say will shatter industry stereotypes and “reveal a world few get to see.” The series is called …
The Canadian used wholesale market was down -0.21% in pricing for the week ending on Dec. 28, 2024, just prior to the new year. That decline is less than the prior week’s -0.33% and the 2017-2019 average of -0.35% …
