During the second quarter of the year, average claims severity for repairable MHEVs (mild hybrid electric vehicles) was $4,726 in the United States and $5,302 in Canada, according to a Q2 2024 Plugged-In: EV Collision Insights report published by Mitchell. …
Still hovering close to previous week prices and the 2017-2019 average of the same period, the Canadian used wholesale market saw a decline in prices of -0.28% for the period ending on Aug. 17. Car and truck/SUV segments prices showed …
A new report from Reynolds and Reynolds looks at some of the key fixed operations metrics that drive decision-making at dealerships, detailing both expected and unexpected data trends.The study also provides insight into how dealerships can improve results. “When outcome …
CarGurus has announced the winners of its annual Top Dealer Awards in Canada for 2024. The company introduced a new award category for Top Value Dealer to complement the existing Top Rated Dealer Award. Both awards highlight dealerships in the …
How can dealers and other automotive industry players plan to succeed in the coming year? J.D. Power plans to explore this very question through three exclusive industry outlooks that will help meet these needs. The company’s 2025 J.D Power Auto …
Canadian-owned tire distributor Groupe Touchette has named Francis Lalonde its VP of Supply Chain, the company announced in a news release. They said Lalonde has extensive experience in operations management, distribution, procurement, and transportation, and that he will bring a …
Canada’s Minister of Export Promotion, International Trade and Economic Development, Mary Ng, travelled to Sudbury, Ont., to connect with local organizations focused on the critical minerals sector and the electric vehicle (EV) industry. As Canada is rich in critical minerals, …
The Conestoga College Institute of Technology & Advanced Learning teamed up with Skills Ontario to launch a week-long skilled trades camp in Guelph from Aug. 12-16. Currently underway, the goal is to introduce students entering Grades 7 to 9 to …
Investment in the Canadian automotive industry is expected to hit a new high this year, according to DesRosiers Automotive Consultants (DAC). In an update the firm said capital expenditures in the auto sector have seen large swings in the past …
A look back at July reveals new vehicle prices in the United States were lower, year-over-year, for the 10th consecutive month. In a news release, Cox Automotive said data released by Kelley Blue Book shows the average transaction price for …
Car seats play a pivotal role in the vehicle buying decision for 60% of parents, according to Cars.com. In a news release, they also noted that some consumers will go as far as bringing a car seat to the dealership …
Goodyear Tire will invest over $575 million to modernize and expand its plant in Napanee, Ont., which in turn will help the company create an energy-efficient, end-to-end manufacturing process and boost its production capacity — including electric vehicle and all-terrain …
