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, …
On the eve of the CADEX conference in Halifax, N.S., last week, the Automotive Business School of Canada organized a special dinner event to celebrate the students that graduated from the Canadian Dealer Academy’s Dealership Management Program. There were approximately …
Canadian auto dealer Senior Editor Todd Phillips interviews Daniel Ross, Canadian Black Book’s Senior Manager, Industry Insights & Residual Value Strategy, about the results of the company’s second annual Residual Value Awards. Ross explains how they differ from CBB’s Retained …
A Montréal-based mobile car inspection service that launched in Québec in January 2022 has since expanded across the country. Known as Kiwiz, the service is available across both Québec and Ontario, and in Vancouver, Calgary, Edmonton, Winnipeg and Halifax. The …
Canadian Black Book’s Used Vehicle Retention Index now sits at 158.0 points for March 2023 — up slightly, when compared to last month’s 157.9 points. “The Canadian wholesale market continues to show overall stability as the economy continues to show strength …
A Canadian company introduced a product for dealers to help prevent fraud during the online car shopping and financing process. Autocorp.ai is an Ottawa-based automotive fintech company specializing in virtual retail and commerce technologies. “You have consumers that are using …
The annual conference and networking event, Canadian Dealer Excellence East, or CADEX for short, was held this past Wednesday in Halifax, N.S. The event brought industry experts and keynote speakers for an intense half-day conference followed by a President’s Dinner …
Thirty-nine per cent of Canadians are less likely to purchase or lease a vehicle this year due to high rates of inflation, while many are also worried about the increased cost of living—according to a new survey conducted by Leger …
Kelley Blue Book recently announced the winners of its 2023 Brand Image Award winners, which includes a new Best EV Brand Award category. The awards are based on data regarding annual new-car buyer perception, as the categories consider car shoppers …
New data from J.D. Power Canada’s Automotive Market Metrics (its March edition) reveals that loans represented 53 per cent of total transactions for new vehicles over the past 12 months. Leases represented 24 per cent, and cash payments were 22 …
About 1,500 new Mitsubishi cars are sitting in a lot in Nanaimo, British Columbia, awaiting transportation to local and nationwide dealers, though there is no specific timetable for when that will happen. The cars, which were shipped from Japan, arrived …
New-vehicle sales in Canada improved in both March and the full first quarter of 2023, relative to the same periods a year ago. But those improvements were marginal and they continue to disappoint, failing to signal any imminent upturn in …
