Canadian car sales could be hit hard in a few years due to mortgage renewal interest rates, according to two automotive financial experts. Robert Karwel, Senior Manager for Automotive Practice in Canada at JD Power, and Scotiabank Economic Analyst John …
The Canadian Black Book Used Vehicle Retention Index decreased for the eighth consecutive month in January, when it sat at 144.8 points — representing a 1.4% month-over-month decrease. Year-over-year, the index has slipped 8.5%. Based on CBB’s update, the index …
For a long while, auto industry groups and insurers were the lone voices decrying the lack of action as auto thefts continued to rise at unprecedented rates, with a vehicle being stolen in Canada every five minutes. The Ontario government …
Drivers are experiencing lower levels of vehicle dependability after only three years of ownership, a new study from J.D. Power reveals. Released on Feb. 8, the J.D. Power 2024 U.S. Vehicle Dependability Study (VDS) indicates that the significant number of …
Canada’s Forest Trust Corporation appointed Monte Weis as National Advisor of its automotive division and is partnering with him to broaden and enhance the reach of its Climate Protection Plan for dealerships, OEMs, and motorists. In a news release, CFT …
More than 23,000 automotive retailers and industry stakeholders were present at the NADA Show 2024, an annual event run by the National Automobile Dealers Association. One noteworthy takeaway from the show was Cox Automotive President Steve Rowley’s presentation of the …
For the dealers that are interested, DesRosiers Automotive Consultants worked with its colleagues at the Automotive Aftermarket Retailers of Ontario (AARO) to collect industry feedback on how the Canadian automotive aftermarket performed in 2023, along with an outlook for …
Another successful NADA Show has come and gone, and Canadian auto dealer’s team was out covering it, attending sessions, talking to dozens of exhibitors on the massive show floor, talking to Canadian dealers, and attending smaller private events and …
The Canadian auto dealer team logged countless kilometers roaming the enormous exhibit halls at the NADA Show 2024 in Las Vegas where more than 500 exhibitors competed for attention. They were showcasing their latest and greatest inside two conference halls …
The Canadian Automobile Dealers Association (CADA) and other auto industry groups such as the Canadian Vehicle Manufacturers’ Association (CVMA), the Canadian Finance and Leasing Association (CFLA), the Global Automakers of Canada (GAC), and other stakeholders will take part in a …
A vehicle is now being stolen every five minutes, according to a new study from Équité Association. The 2023 Auto Theft Trend Report is the association’s latest study, released on Feb. 6, and highlights that things are getting worse following …
January 2024 light vehicle sales based on reporting OEMS are cause for celebration, with the market rising from 2023’s 98,259 units up to an estimated 112,862. That is a gain of 14.9 per cent, according to DesRosiers Automotive Consultants (DAC). …
