Wholesale values are stabilizing and true market demand will make itself known in the weeks or months ahead. These are the latest key observations from Canadian Black Book pulled from its weekly COVID-19 update released on July 21. Entering the …
Consumer demand is on the rise in Ontario dealerships, according to a recent third-party study conducted by EQ Works and commissioned by TRADER. The study looked at foot traffic among 750 Ontario dealerships and shows a significant increase in physical …
Consumers are looking to buy a vehicle this year either before or after the pandemic, according to a recent CarGurus study. The report, entitled Canada COVID-19 Sentiment Study (June 2020), covers three categories of car shoppers for 2020: initial prospective …
Could the decline in sales among franchise dealers trigger more dealer consolidation? That is the question DesRosiers Automotive Consultants (DAC) asked in an update, noting that the market collapse stemming from the pandemic has paved the way for significant declines …
Dealerships can expect big changes to the Canada Emergency Wage Subsidy (CEWS) program where eligibility and program duration are concerned. The federal government proposal aims to eliminate the 30 per cent revenue drop threshold that garnered frustration among the business …
Last week the federal government provided a fiscal snapshot revealing the extent of pandemic-related damage on the Canadian economy — and the damage was apparent in various areas. According to Canadian Black Book’s latest COVID-19 update, the expectation is that …
Seventy-seven per cent of car shoppers intend to buy a vehicle now or within the next two or three months after the lockdown, according to a Kijiji Autos COVID-19 Consumer Sentiment Survey. That is just one of the stats provided …
Digital responsiveness in the age of COVID-19 has been accelerated in part by dealers being pushed to be more active and proactive, according to Carl Boyer of Quebec-based Infra Info. In an interview with Canadian auto dealer, Boyer said the …
Subaru Canada has introduced RAPID RTC Live Dealer, meant to connect online customers with salespeople in-real time through an audio/visual consultative sales process. Described as an immersive and omni-channel experience, the digital tool allows customers to choose the communication channel …
Digital marketing provider PureCars is now certified to offer digital advertising resources for fixed ops through the Toyota Parts and Service Program in the United States, thanks to a recently expanded partnership with the OEM. The move means that OEM …
Canadian Black Book’s Used Vehicle Value Retention Index for the month of June revealed some segment gains as values remained flat. From February to May values fell by 7.8 points or 7.2%, but June marked a shift in the trend. …
Expect more electric vehicles and an acceleration in the advancement of autonomous features in the next five years within the global automotive industry, according to a report from KPMG in Canada — which deals with audit, tax, and advisory services. …
