Auto dealers are selling fewer vehicles these days — a fact that is hard to ignore when reviewing DesRosiers Automotive Consultant’s latest update: light vehicle sales per dealer franchise are the lowest they have been since 2009. The drop in …
More consumers are considering buying an electric vehicle although numbers are rising slowly when considering the financial efforts from OEMs, according to J.D. Power’s 2023 U.S. Electric Vehicle Consideration (EVC) Study. Based on the study, 26% of consumers are “very …
The Automobile Journalists Association of Canada recently announced the recipients of its 2023 Canadian Green Car and Green Utility of the Year Awards — with Hyundai claiming both categories. The Hyundai Ioniq 6 was named AJAC 2023 Canadian Green Car …
A dramatic improvement in electric vehicle charging infrastructure is needed to achieve the federal government’s zero-emissions vehicle plan, according to a group of Canada’s key automotive industry associations. “We are here, quite frankly, to announce that Canada needs urgent action …
Generating more opportunities from e-leads and phone calls from customers is critical to the success of a dealership if it is willing to use updated strategies that include immediate replies and videos, said an expert in the field. Hector Bosotti, …
Data and financial services represent two potential areas of growth for dealers over the next decade, while the direct-to-consumer sales model, quick market shifts, and labour shortages are some of the anticipated challenges. That is according to a Reuters Events …
The grand opening of a newly redesigned Porsche dealership in British Columbia’s Richmond Auto Mall took place earlier this month. The event, which celebrated the new Porsche Centre Richmond in the Greater Vancouver Region, coincided with the 75th anniversary of …
The average transaction price for a new vehicle in the United States was up to $48,528 in May 2023, representing a month-over-month increase of 0.5% ($251) from Kelley Blue Book’s revised April reading of $48,277. During this period, incentives continued …
Vehicle supply issues may have improved, but dealer concerns are still very much present — this time around economic uncertainty and high interest rates. That is according to the quarterly Cox Automotive Dealer Sentiment Index, which found that dealer …
Reynolds and Reynolds has acquired technology startup AutoVision. The company aims to strengthen its retail management system with tools that will help franchised and independent dealers retail their used vehicles more efficiently — and with greater profitably. “For too …
Canadian Black Book recently released its Used Vehicle Retention Index, which shows a marginal increase for May 2023. The May index sat at 158.8 points, which represents a 0.8% month-over-month increase and a year-over-year decrease of 2.4%. “The spring market …
Nissan Canada is teaming up with FLO, an electric vehicle charging company, to introduce two initiatives for new car buyers in Canada that may help boost adoption for the OEM and raise awareness about FLO. The first initiative will see …
