In looking at consumer price index data from key parts of the automotive industry, DesRosiers Automotive Consultants found that April 2024 painted a picture of increases — for the most part. “Leading the gains was insurance premiums, the CPI for …
The automotive industry is increasingly moving towards electric vehicles. As a bank serving both consumers and the automotive industry, CIBC is showing its support for the transition towards the electrification of vehicles, by introducing new programs to spark further EV …
Distribution Stox has concluded its agreement in principle to acquire the passenger car and light truck distribution division of Techno Pneu for the Bas St-Laurent and Gaspésie regions in Québec. The transaction is expected to close on June 14. The …
Lithion Technologies has announced the completion of the construction of its first commercial critical mineral extraction plant called Lithion Saint-Bruno in St-Bruno-de-Montarville — near Montréal, Qué. The company develops, deploys, and operates technologies to recycle lithium-ion batteries and create a …
For an automotive distributor that began working out of a trailer and with an unusual way of marketing its cars to customers, Genesis Niagara in St. Catharines has come a long way. Owned by the Performance Auto Group and Distributor …
Average new car prices have gone up 6.55% in Canada this past May, reaching $64,047 compared to the same time last year. That is according to Kijiji’s Vehicle Trend Report: National Edition for May 2024, which found that the average …
Hyundai Canada is donating $500,000 to the Markham Stouffville Hospital Foundation in Ontario, a move that kicked off a $3.1 million fundraising effort to support the construction of a new child and adolescent mental health inpatient unit. That unit, which …
Reynolds and Reynolds has donated $5 million to Northwood University to help fund the construction of the new Center for Automotive & Mobility Studies at Northwood University in Michigan, the company recently announced. The new centre will replace the current …
HGreg has donated $55,000 to Opération Enfant Soleil as part of the organization’s 37th telethon, which took place on June 2. HGreg has been a certified Opération Enfant Soleil Entreprise for a decade. The company runs several fundraising campaigns, one …
It didn’t take long for Tricity Auto Group’s subscription to a company specializing in identity fraud detection software to catch someone attempting to purchase a car with another person’s driver’s license. About two months ago, the B.C. company paid to …
The Canadian Automobile Dealers Association recently launched its new CADA 360 Security Services program that includes a comprehensive solution powered by RecovR. The news was announced by CADA and Kudelski IoT, a division of the Kudelski Group, on June 5. …
May new light vehicle sales in Canada came in at 169,000 units as estimated by DesRosiers Automotive Consultants — a far cry, but nevertheless a step in the right direction, when considering that pre-pandemic May 2019 sales came in at …
