A new study from J.D. Power points to the importance of using the right website tools to help boost consumer satisfaction when shopping for a new vehicle. The information was pulled from a news release, in which J.D. Power referenced …
Last month, December 2022, the average transaction price for a new vehicle in the United States reached a record high of $49,507. This represents an increase of 1.9% ($927) from November 2022, and an increase of 4.9% ($2,297) from year-earlier …
Hyundai Motor Group’s Executive Chair Euisun Chung received the 2023 MotorTrend Person of the Year award thanks to his “vision and leadership,” according to a company news release. The award is noteworthy due to the many shifts occurring in the …
Canada is among the top three countries experiencing the biggest decrease in car production since the pandemic, according to insurance firm GoShorty. A total of 288,235 cars were produced in 2021, along with 826,767 commercial vehicles — placing total production …
Consumers shopping for new or used cars will have a better understanding of the marketplace this year, said a dealer with more than 30 years in the business. Paul Valentine, Dealer Principal of Valentine Volvo in Alberta, is projecting it …
The car segment outperformed the SUV/truck segment during a week that saw prices decline by 0.46% for the overall Canadian used wholesale market. The information, published by Canadian Black Book as part of its weekly market insights, covers the week …
Templeton Marsh Mergers and Acquisitions brokered the sale of four dealerships owned by Le Groupe Lachapelle to Groupe Olivier — a move that is considered significant in the Quebec automotive industry. Templeton Marsh Co-founder and Managing Partner Samir Akhavan told …
Sym-Tech Dealer Services officially completed its acquisition of SSQ Dealer Services from the Beneva Group. SSQ Dealer Services is known for its protection products and services, which it provides to a large network of dealers throughout Quebec. “SSQ Dealer Services …
Canadian Black Book’s Used Vehicle Retention Index was down slightly for December 2022, a stark contrast from where the index sat earlier in the year. The last month of 2022 saw the index reach 157.6 points — down 0.7% month-over-month. …
J.D. Power completed its purchase of electric vehicle (EV) data company ZappyRide, helping the data analytics firm expand its EV portfolio as part of its E-Vision initiative. ZappyRide builds white-label software and tools for automotive OEMs and electric utilities, among …
Automotive industry suppliers are preparing to showcase their offerings at the NADA Show 2023 slated to take place in Dallas, Texas, this year between January 26-29. During this time, Reynolds and Reynolds plans to promote new ways for dealers to …
Not all the automakers have reported 2022 year-end sales yet, but we’re close enough to a final number to know that it will fall short of 1.5-million, probably somewhere very close to 1,488,600 units. DesRosiers Automotive Consultants (DAC) have estimated …
