The Canadian Black Book Used Vehicle Retention Index for September 2021 reached a new high of 132.6 points—up 4.8 points (3.8%) over August. According to CBB, the index experienced growth for 14 out of the past 15 months, with September …
Porsche Cars Canada is teaming up with hospitality and leisure properties to offer electric vehicle chargers for drivers of premier travel destinations. These Porsche-designed AC chargers aim to top off EV batteries while drivers enjoy a meal, stay the night, …
The third quarter of the year was dominated by the impacts of the semiconductor shortage, when passenger car sales declined 11.3%—which DesRosiers Automotive Consultants (DAC) describes as “not an unusual figure.” However, light truck sales fell 12.5%, and that is …
The Canadian used wholesale market continues its upward trend, now for the eight consecutive week as all but one segment managed price increases for the week ending on October 5. In its latest weekly automotive market update, Canadian Black Book …
Montreal’s Decarie Motors (Jaguar Land Rover) dealership is celebrating its 75th anniversary. The company was co-founded in 1946 by the late Moe Segal and his father, Max, and the store initially sold used vehicles. Today, the dealership is home to …
AutoCanada recently acquired Airdrie Autobody, a collision centre located in Airdrie, Alberta, as part of the group’s strategy to develop a national collision centre network to match its existing dealerships. “The addition of this well-managed business marks the fourth collision …
Ontario’s Policaro Group, in attempting to redefine the automotive experience for its customers, launched new services around leasing, vehicle customization, and delivery. “At Policaro Group, we take every moment to redefine our community’s automotive experience through outstanding customer service, cutting-edge …
A chaotic disruption in new vehicle sales in Canada intensified through the third quarter of 2021, with September sales dropping to the lowest monthly SAAR (Seasonally Adjusted Annualized Sales Rate) since May of 2020—about 1.55-million, based on DesRosiers Automotive Consultants …
MNP recently launched its fall campaign around corporate finance and succession for dealerships, and will be hosting a workshop on November 9 to explore what automotive retailers should be thinking about and preparing for. The workshop, entitled “Navigating Your Dealership …
Online car-shopping and delivery platform Canada Drives launched in Alberta following previous launches in British Columbia and Ontario. The launch in Alberta means that consumers in the province can pay in full or finance, sign all documents, and have their …
AutoVerify, which is powered by Mobials, recently announced a partnership with Lubrico Warranty to help dealers sell more finance and insurance products. Lubrico Warranty products are now integrated into AutoVerify Spotlight—the e-commerce function of the company’s digital retailing suite. The …
Auto repair software company AutoLeap raised $18 million in a Series A round that will allow them to invest more in product enhancements, customer experience, and attracting top-tier talent from around the world. The company offers an all-in-one, cloud-based auto …
