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 …
Automotive trading platform Trade X announced an auction alliance with Wholesale Express, a Canadian online daily auction website that sells used vehicles to registered dealers in Quebec, Ontario, and Eastern Canada. “As this is our first partnership through the new …
General Motors announced that it will begin production at Canada’s first full-scale commercial electric vehicle production facility at the CAMI Assembly Plant in Ingersoll, Ont. The OEM, along with the federal and provincial government in Ontario, made the announcement at …
The Policaro Group expanded its operation in Southern Ontario after acquiring Jaguar Waterloo, Land Rover Waterloo, and Volvo Cars Waterloo in April. The new dealerships join the group’s existing franchises, which includes the Acura, BMW, Lexus and Porsche brands. “We …
Used vehicle prices declined slightly in the Canadian wholesale market—down 0.02% for the week ending on April 1, compared to +0.09% the prior week. The 2017-2019 average for the same week was -0.18%, according to Canadian Black Book. Overall, car …
AutoVerify, which is powered by Mobials, is teaming up with Auto Shield Canada to help dealers sell more finance and insurance (F&I) products. “We are very excited to be partnering with Auto Shield Canada,” said Marty Meadows, President at AutoVerify. …
Automotive retail technology company CDK Global is set to be acquired by Brookfield Business Partners for $8.3 billion. The company entered into a definitive agreement to be acquired by Brookfield Business Partners, together with institutional partners which are collectively known …
