TradeRev, a business unit of global wholesale used vehicle digital marketplace operator KAR Global, announced the company has named James Tani as president. In addition to his current role, leading Canadian sales as the executive vice president of KAR Global …
Glen MacDonald, who has been in the automotive industry for almost 40 years and is a four-time cancer survivor, has been recognized for his contributions to the town of Georgetown as the 2021 Citizen of the Year. The award has …
Canadian auto dealers are buying American-based dealerships or stores with more regularity. Erin Kerrigan, Founder and Managing Director of California-based Kerrigan Advisors, says she is currently working on three sizable transactions involving Canadian-based dealership bodies buying American stores. She did …
Canadian Black Book has announced the winners of the first annual Canadian Black Book Best ‘Residual’ Value Awards, in addition to its annual “Best ‘Retained’ Value Awards”. Presented in 21 categories of cars, trucks, SUVs and EVs, The 2022 Best …
An Albertan U13 hockey team, the Lloydminster Blazers, not only have become the first all-female champions of the Chevrolet Good Deed Cup, but they have donated the $100,000 prize to help make ice sports in Lloydminster more accessible for everyone. …
Toyota Canada Foundation is investing $1 million towards the launch of Actua’s new National Black Youth in STEM program as well as support engagement of youth from underserved communities across Canada. “Since 2017, we’ve been proud to help Actua reach …
The automotive retail industry added three dealer franchises to the Canadian market in 2021 from 2020, for a total of 3,709 dealer franchises when considering both core and affiliate brands. In a recent update, DesRosiers Automotive Consultants (DAC) said that …
Vehicle connectivity may be surging, but consumers are not interested in paying or renewing their subscriptions for these services, according to ABI Research. They note that over half of new vehicles sold this year and more than 70 per cent …
Overall prices declined slightly in the Canadian used wholesale market for the week ending on April 12—down 0.04% compared to the previous week’s -0.02%, according to Canadian Black Book. The 2017-2019 average for that week was -0.13%. The car segment saw …
Fifty-three per cent of new vehicle transactions over the past 12 months were conducted through loans, while 29% were leases and 18% were cash payments, according to J.D. Power’s Automotive Market Metrics released in April. On monthly payments, the average …
There is some good news for dealers in the federal budget that was released on April 7 by Chrystia Freeland, Deputy Prime Minister and Minister of Finance, which includes important measures on moving zero-emission vehicles (ZEVs) forward. Some of …
A battle over what was once thought of as traditionally dealership customers is now being waged in the digital environment. Online car retailer Clutch launched a new brand campaign that pokes fun at the traditional used car dealership experience, and …
