The optimism felt by U.S. car dealers at the beginning of the year has shifted in the last quarter due to rising interest rates, declining profits, and worries around the proposed auto tariffs. Dealers had strong expectations in Q1 but …
Canadian car dealers that are interested in learning more about the 2019 new-vehicle sales forecast for the U.S. will have the opportunity to do so on December 13, 2018, via a conference call issued by the National Automobile Dealers Association …
BMW’s Driver Assistance and Autonomous Driving Development department, which will play a pivotal role in the Group’s strategy for the future, will have a new Senior Vice President in the New Year. Alejandro Vukotich is set to replace Elmar Frickenstein, …
New-vehicle sales in Canada in November suffered their biggest drop of the year, down 9.4% from the same month in 2017, which was itself down from the year before. November 2018’s 143,668 sales were nearly 15,000 units short of last …
The official signing last week of the trilateral trade agreement between Canada, the U.S. and Mexico prompted a statement of support and advice for the federal government from the Canadian Vehicle Manufacturers’ Association (CVMA). The federal government signed the agreement …
Automotive Properties Real Estate Investment Trust (REIT) has acquired the Brimell Toyota dealership property in Scarborough, Ontario for about $26 million. Concurrent with the deal, Drive Autogroup acquired the Brimell Toyota dealership operating business, and has now inked a 15-year …
Dealers can more effectively mitigate used vehicle margin compression with a Provision ProfitTime upgrade, according to vAuto. The upgrade, which will be released at the NADA Show in January, allows the use of each vehicle’s investment value — platinum, gold, …
Three recent executive promotions at automotive software company AutoAlert reflect overall growth, and a movement towards more large-scale relationships, including global initiatives, according to CEO Mike Dullea. Don Favero is now Global Vice President of Sales and Marketing, Beth Donovan …
Still miffed by the U.S. imposed tariffs on steel and aluminum, a somewhat reluctant Prime Minister Justin Trudeau signed the USMCA trade agreement — the new NAFTA — at the G20 Leaders’ Summit in Argentina last Friday. The agreement provides …
A new survey finds that consumers are warming up to the idea of tech-enabled auto experiences, and more than half would consider subscription vehicle services. The survey, conducted by the Jim Butler Auto Group surveyed more than 30,000 drivers in …
General Motors has announced its intention to close its assembly plant in Oshawa, Ont., in 2019 at a time when Canada is struggling to remain competitive in the global automotive industry. “The actions we are taking today continue our transformation …
AutoCanada has selected Kijiji as its preferred online marketplace partner in Canada — a pairing that has been described as a “first-of-its-kind partnership” by Leanne Kripp, Director of Autos at Kijiji. “AutoCanada’s dealership database and Kijiji’s automotive marketplace made this …
