Canadian Black Book’s Used Vehicle Retention Index for November 2021 jumped to another all-time high of 152.6 points—up 13.2 points compared to October, which is the previous record. CBB said the increase in November, is “far and away the highest …
J.D. Power released its Automotive Market Metrics for Canada on December 6, which shows that the percentage of total transactions for new vehicles over the past 12 months was 54% for loans, 29% for leases, and 17% for cash payments. …
Cox Automotive Canada was named one of Greater Toronto’s Top Employers for 2022, now for the third consecutive year. “This award recognizes us as a great employer, and there is no doubt it is the contributions of all Cox Automotive …
ADESA and CoreKinect announced the deployment of a fully automated vehicle tracking solution. The new service from KAR Global’s unit was described by the company as the first of its kind to be fully deployed in the industry. It combines …
Stellantis and Hon Hai Technology Group (otherwise known as “Foxconn”) are teaming up to design semiconductors to support Stellantis and third-party customers. In a news release, the CEO of Stellantis Carlos Tavares said their “software-defined transformation” will be powered by …
Sales of 110,448 new vehicles in Canada in November, as estimated by DesRosiers Automotive Consultants (DAC), were down 13.9% from the same month last year and 23.9% from November 2019, which was the last pre-pandemic year for comparison. As a …
AutoCanada completed the acquisition of 11 dealerships from the Autopoint Group, which continues to operate across Southwestern Ontario after more than 17 years. In a news release, the group said the dealerships generate annual revenue of more than $345 million, …
Canadian automotive leasing company Auto|One officially opened their new dealership on Windmill Road in Nova Scotia on Dec. 1, 2021, and in so doing launched their Maritime leasing operations. The company offers leasing on both new and used vehicles, across …
Quebec’s Groupe Park Avenue acquired Bang Carrosserie that caters to consumers’ automotive bodywork needs and is located in Brossard—part of the Greater Montreal area. With this acquisition, the group said nearly 20 jobs were preserved and added to Groupe Park …
Toyota donated $115,000 to the Canadian Red Cross to support relief efforts in the affected communities of British Columbia as a result of floods and extreme weather. Toyota Canada, Toyota Motor Manufacturing Canada, Toyota Financial Services, and Canadian AutoParts Toyota …
The Chicago Auto Show will return to McCormick Place in Illinois from February 12-21, 2022 at its traditional time of 10 a.m. to 10 p.m. with the exception of Presidents’ Day, according to the Chicago Automobile Trade Association (CATA). The …
B2B automotive trading platform Trade X secured additional debt financing from Forbright Bank and a global asset management firm to help expand its growth in North America and globally. The company said the new lines of credit total US$50 million …
