Automotive finance lenders that are able to facilitate electronic transactions for dealers, answer their questions correctly from the very beginning, and resolve contracts quickly can help dealers successfully make their way through an evolving marketplace, according to J.D. Power’s 2019 …
The now 17-month string of new-vehicle sales declines in Canada hasn’t been broken, but July featured an upturn of sorts in that the decline of just 1.0%, from the same month in 2018, was the lowest so far this year. …
Dealership turnover is at an all-time high as interest in working for automotive retailers has dropped to 25 per cent in 2019 — from 33 per cent in 2016, according to Cox Automotive’s recently released 2019 Dealership Staffing Study. The …
A new report by U.S.-based Consumer Watchdog warns that connected vehicles will be targets of serious cyber threats that could pose a safety risk to the driver, and by extension its other vehicle occupants. “The troubling issue for industry technologists …
As parents and students consider their transportation options for the 2019-2020 school year, the editors at Kelley Blue Book have taken the opportunity to list the 10 of the best back-to-school vehicles of 2019, based on their research. The list …
Sales of zero-emissions vehicles have improved since the federal government’s iZEV rebate program took effect in May. According to the Minister of Transport Marc Garneau, so far 14,000 ZEVs have been purchased/leased over the past three months. It is estimated …
Consumers are purchasing fewer vehicles, but those in the market are expected to spend more money as the average price soars to record levels and is projected to reach $33,182 — up more than 4 per cent year-over-year, and the …
Montreal, Que.-based Groupe Touchette, a Canadian-owned tire distributor, is opening a new 50,000 square-foot distribution centre in Cambridge, Ont., with a capacity to hold a maximum of 73,000 tires. The new tire distribution centre will also cater to surrounding cities …
CarGurus has launched a Certified Pre-Owned (CPO) Partner Program with carmakers in Canada. The program is designed to help consumers distinguish manufacturer-certified vehicles from dealer-certified vehicles on the CarGurus platform. Kia Canada and GM Canada were the first to sign …
Can automotive retailers sell more vehicles by brightening up their stores with natural daylight? A report from the Eneref Institute suggests that adding daylight to the dealership space can create an environment that is more conducive to buying decisions, because …
Porsche Digital, a wholly-owned subsidiary of Porsche AG, is expanding its North American reach to Atlanta, Georgia, where it will build its second U.S. office and sixth worldwide. The new Atlanta Porsche Digital will open August 1 at the headquarters …
The Canadian Black Book Used Vehicle Retention Index remained strong in June at 106.1, which is around 31 points higher than the record low attained during the same period in 2010. That being said, the average vehicle is also worth …
