The Canadian used vehicle market saw another decline in prices, this time at -0.08%, according to Canadian Black Book’s latest Market Insights report. It is worth noting that several segments experienced a less than $60 change in average value …
As the new president of the Motor Vehicle Retailers of Ontario (formerly the Trillium Automobile Dealers of Ontario), Jim Williamson considers it an honour to give back to an industry that has given him so much. “Our industry is in …
A $51 million commitment from the Ford government to combat the rise in auto theft, by identifying and dismantling organized crime networks in the province, was met with the backing of several Canadian automotive industry associations this month. They would …
A partnership between a global automotive trading platform and an automotive inspection company could make life easier for dealers. On May 9, TRADE X announced that it had integrated PAVE’s vehicle inspection API into its platform as part of a …
Automotive startups coming to Canada without a service infrastructure are starting to forge relationships with aftermarket providers to offer a broader service experience for their customers. One such example is VinFast; the company announced this week that it has selected …
The Honda Canada Foundation will donate $300,000 to the Southlake Regional Health Centre Foundation in Newmarket, Ont., over a three-year period to create a positive impact in the communities where Honda associates and dealers live and work. The foundation announced …
The New Car Dealers Association of BC (NCDA) recently announced the winners of the Green Star Dealer Awards, which are meant to highlight the outstanding work a dealership has done in selling clean energy vehicles in British Columbia. In a …
A new tool announced by EpicVIN could help dealers predict how long their vehicles will remain on the lot — and at what price. In a news release, the company said its Predictive Tool offers a forecast that can help …
Loans represented 53% of total new vehicle transactions in Canada over the past 12 months, while leases represented only 24%. Cash purchases were 22%, according to J.D. Power’s Automotive Market Metrics — April edition. In comparison, loans represented 55% of total …
KAR Global is changing its name, having rebranded to OPENLANE in a move meant to reflect the company’s shift to a more asset-light, digital marketplace. “Our vision is to build the world’s greatest digital marketplace for used vehicles, and we …
A new report from ABI Research found that, by 2028, automakers in the United States will use Over-the-Air (OTA) updates to remotely implement fixes to recalled vehicles, saving them US$1.5 billion in the process. According to the firm, OEMs currently …
The Canadian used vehicle market experienced a decline of -0.04 for the week ending on April 29 — up from -0.09% the prior week and the 2017-2019 average of -0.15% for the same period. The data was provided by Canadian …
