In Q2, the SUV spectrum accounted for 47.1% of the light vehicle market share in Canada — up from 45.3% in the second quarter of 2019 — although performance among certain segments was mixed, according to an update from DesRosiers …
The Dilawri Group now owns and operates 75 dealerships across Canada thanks to its most recent acquisition: Lexus Laval in Quebec. That latest addition marks the first Lexus dealership for the group, which represents 33 brands. Lexus Laval was founded …
Genesis has expanded its retail network with the addition of Genesis Langley located in British Columbia’s lower mainland. The retailer now has 25 locations across Canada, including five in B.C., and the latest addition is considered to be Genesis’ third …
Given that the onset of the COVID-19 pandemic had already slashed new-vehicle sales in Canada by 20.0% in the first quarter of 2020, and the fact that April and May sales declines were dramatically worse, it’s no surprise that cumulative …
New rules embedded in the United States-Mexico-Canada Agreement (USMCA) will make it difficult for Canadian dealers exporting used vehicles to the U.S. to prove that the vehicles meet the necessary requirements under the new rules of origin. The USMCA implementation …
François Blais, Executive Vice President of Dealer Services and Special Risks, iA Financial Group, Industrial Alliance, discusses his new role with the company, new challenges, and what dealers can expect. Watch the video.
In its latest report, Cox Automotive found that U.S. consumers continue to delay buying and servicing vehicles, and inventory shortfalls are starting to impact price discounts offered by dealers. The report released in mid-June — COVID-19: Tracking U.S. Consumer and …
First Canadian Financial Group (FCFG) has acquired automotive aftermarket company Pro-Tech Seal Manufacturing as the company seeks to expand its offerings to automotive dealers in Canada. According to FCFG, Western Canada-based Pro-Tech Seal is among the country’s largest auto aftermarket …
Mercedes-Benz Downtown Calgary dealer Perry Itzcovitch and its General Manager Mazen Aboulhosn discuss the strategy behind how the dealership achieved a new record of 260 Certified Pre-Owned sales in a month amid the pandemic, which they describe as an increase …
The Trump administration has threatened to impose tariffs on aluminum coming from Canada — a move that was used just last year as leverage to negotiate the new NAFTA agreement, or the U.S.-Mexico-Canada Agreement (USMCA) as it is known in …
Cox Automotive is forecasting a decline in auto sales of 24.2% in the U.S. during the first half of 2020, although June is anticipated to be another small step back to some semblance of normalcy. The seasonally adjusted annual rate …
U.S. new vehicle prices jumped $1,141 (3.1%) in June, year-over-year, while increasing $160 (0.4%) from last month, according to Kelley Blue Book. They estimate that the average transaction price for a light vehicle in the U.S. was $38,530 during that …
