The average price consumers paid for a new vehicle in the U.S. fell below the manufacturer’s suggested retail price in March 2023 to $48,008, breaking a 20-month trend and representing a month-over-month decrease of 1.1 per cent ($550), according to …
AutoCanada added another dealership to its portfolio with the recent acquisition of Premier Chevrolet Cadillac Buick GMC, a new and used vehicle dealership and collision centre in Windsor, Ont. In a news release, AutoCanada’s Executive Chairman Paul Antony said the …
VinFast, a Vietnamese electric vehicle manufacturer, launched its operations in Canada with a splashy event in Toronto, Ont., last fall. Months later, it has now opened its first store in Vancouver, B.C. Its new B.C. store is located in North …
A recent two-part survey from Dealer Image Pro found that online videos play an important role for consumers when researching and buying a vehicle. “Consumers are now demanding, more than ever, quality content in all media formats, including full-motion VDP …
Ford is investing $1.8 billion in its Oakville Assembly Complex in Ontario so it can turn the site into a new high-volume Canadian hub of electric vehicle manufacturing, according to an OEM news release. The transformation, which will include vehicle …
Kijiji will launch a five month-long podcast called “Wait-listening” for Canadian car buyers waiting for their factory-ordered vehicles. The name Wait-listening, and the ridiculously long podcast itself, aims to highlight the average wait time for factory-ordered vehicles in Canada. Kijiji …
Ten years after leaving his job as a truck driver with a transport company, Steve Allan is celebrating a personal milestone in the dealership business. Allan joined the Kot Auto Group in British Columbia as a sales consultant at Kelowna …
The Canadian used wholesale market experienced a slight decline in prices of -0.05% for the week ending on April 11. It was more than the previous week’s -0.03% decline, but significantly less than the 2017-2019 average of -0.13% for the …
Keith Murray is the new CEO of AutoVerify, the company recently announced. Murray previously worked at Autodata Solutions for more than two decades and joined the AutoVerify team in 2020. In a news release, the company said Murray was instrumental …
The U.S. Environmental Protection Agency’s new proposed federal vehicle emissions standards could help to significantly boost electric vehicle sales in the country. The tighter new emissions standards, announced on April 12 by the EPA, would help accelerate the transition to …
Despite a 9.7 per cent sales decrease, the Hyundai Elantra secured a leading position among passenger cars and was placed in DesRosiers Automotive Consultants’ 2023 first quarter top 10 vehicles list. Hyundai’s Elantra model took the lead over the …
An Ontario-based dealer group that set up a separate division to service customers in need of subprime financing, to help them buy used cars and restore their credit, continue to observe the benefits of such a move. Plaza Auto Group, …
