Volvo recently announced that its electric vehicles will be sold online only. The OEM plans to become a fully EV company by 2030, which begs the question: what does the move mean for its automotive retail network? Based on the …
With the U.S. looking to enhance the rollout of electric vehicles and buses across the nation, the move may require large investments in the country’s strained power grid system. “The city’s (Austin, Texas) transit agency has budgeted $650 million over …
U.S. vehicle sales may have taken a dive in 2020 but dealerships had their most profitable year ever, according to Car and Driver. “They put the squeeze on us. Shuttered factories drastically reduced supply, but demand stayed strong. That led …
Europe’s electric vehicle sales are expected to surpass the one million mark in 2021, but growth is also anticipated to be slower as things get back to “normal”, according to a report by Schmidt Automotive Research. “Most mainstream forecasters expect …
Tesla is conducting another round of price cuts, in Japan this time, just weeks after it slashed prices on some of its popular models in North America and Europe. “Sales of the Tesla Model 3 have jumped by 25% in …
Not surprisingly, given the multitude of confounding factors currently affecting the Canadian marketplace, new vehicle sales in February fell below year-ago levels for the month by almost 10%. DesRosiers Automotive Consultants (DAC) estimates total Canadian sales of 112,654 new vehicles …
Glen Demetrioff, Founder and CEO of RAPID RTC, talks about the company’s recent acquisition by Keyloop, why the decision was made, what this means for dealers in Canada, what’s coming up in the pipeline, and explores key changes since the …
Ryan Davidson, CEO of TRADE X and COO Luciano Butera discuss the company’s global B2B automotive trading platform, their plans to expand into Canada and the U.S., why the platform may prove useful to Canadian dealers, and how the company …
Kelley Blue Book has announced the names of its 2021 Best Resale Value award winners, with Toyota taking the honour in the brand category and Porsche in the luxury brand department. “For 2021, Toyota and Porsche, respectively, are the best …
SiriusXM Canada and General Motors of Canada recently announced the extension of their longstanding relationship through a multi-year agreement that will continue to provide music, entertainment and news talk to GM customers. As part of the agreement, GM will increase …
Lilian Lau, VP of Marketing at TRADER, discusses the findings of the company’s latest car shopper survey and what the data implies for dealers.
Three quarters of Canadians are driving less and spend half as much time behind the wheel of their vehicle since the pandemic began, according to a new 2021 study from Canadian Black Book. The study’s findings, which considers the car …
