Controversial, and historically volatile though it may be, cryptocurrency is becoming a legitimate financial instrument. It’s the product of a huge amount of investment, particularly by Millennials and Gen Zs. To serve this market, which may have less access to …
The current financial woes of Carvana are not surprising to a Canadian dealer, who studied the concept of buying cars without actually seeing and driving them, and found it fundamentally flawed. Michael Carmichael, President/CEO of UpAuto in Stratford, Ontario, said the recent …
For the second year in a row, the dealership group HGreg has been awarded the 2022 winner in Canada’s Best Managed Companies program. This honour ranks HGreg at the top of Canadian held and managed companies with revenue over $50 …
Luxury vehicles led the way for price increases last month, but retail prices have become less affordable across the board due to continued supply issues. New-vehicle average transaction prices (ATPs) increased to $46,526 in April 2022, according to new data …
Ontario Motor Sales is celebrating its flagship store’s 99th anniversary with a big bash as part of a leadup to turning 100 next May. Based in Oshawa, it is one of the oldest General Motors dealerships in Canada. The site …
Hyundai Canada has donated $5,000 to the Hollyburn Hockey Heroes program, which helps youth 14-18 in the West Vancouver neighborhood participate in hockey and other sports. Many of the youth have been unable to play due to financial or social …
It’s spring, the season when new-vehicle sales typically ascend toward their May crescendo, the apogee of the annual sales chart. But it is not happening this year, just as it didn’t happen last year. In fact, April 2022 sales of …
With Ontario’s businesses opening up following a shutdown due to COVID, Oakville Nissan/Infiniti Vice-President/General Manager Greg Carrasco is back filming commercials that will be featured in a variety of platforms, including movie theatres. Carrasco is known for his brash …
American-based Lithia & Driveway (LAD), which aligned with Pfaff Automotive Partners in August 2021 to acquire its 11 locations in the Greater Toronto Area, as well as stores in Vancouver and Calgary, has increased its footprint in Canada when it …
Though still near record high prices, the Canadian wholesale market for used cars continued its slight decline overall for the fifth week in a row. The week ending on April 29 was down again very slightly, -0.04% compared to the …
Though more than half of EV drivers are using their OEM’s app at least 50 per cent of the time they are driving, they aren’t particularly enthused about the utility and speed of these tools. Mainly the apps are used …
One of the best known leaders in Canada’s automotive industry has a new role. Maria Soklis, joins DSMA as Executive Vice President, North America. DSMA, a North American Automotive Intelligence and M&A Advisory Service, made the announcement today …
