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 …
Bill 50, which seeks to modernize the way dealers apply for permits and other vehicle-related information, was unanimously passed by Members of Provincial Parliament in Ontario. “The Trillium Automobile Dealers Association is thrilled with Bill 50 passing Second Reading,” said …
A new report from industry analysts Frost & Sullivan projects huge growth from a range of financial transactions and in-vehicle experience payments from consumers. It remains to be seen, however, how dealerships might be able to cash in on this …
The Global Automakers of Canada says its members are not pleased with the pronouncement by the B.C. government that they intend to introduce legislation to ensure all new cars and trucks sold in the province in the year 2040 will …
Palladino BMW, part of the Palladino Auto Group, has officially opened its first and only BMW dealership in Northern Ontario after construction began in 2017. “This is an incredible accomplishment for my family, and the entire Palladino Auto Group team,” …
The National Automobile Dealers Association is preparing for its annual NADA event — this time with a change of venue and some new additions to the conference menu. Set to take place at the newly-renovated Moscone Centre in San Francisco, …
