Dealers in Canada may be interested to learn that loans represented 50% of the percent of total transactions for new vehicles over the past 12 months, with leases and cash payments taking up 25% each. That is according to J.D. …
This time around, the Canadian used wholesale market experienced a decline in prices for the week of -0.26%, for the week ending on Aug. 3. Canadian Black Book’s latest Market Insights report shows the overall market is down only -0.02% …
As the federal government continues its consultations around potential policy responses to protect Canada from China’s unfair electric vehicle trade practices, Unifor is calling for the implementation of a series of tough and comprehensive measures. “The United States and the European …
Following a flat June performance, DesRosiers Automotive Consultants said July light vehicle sales bounced back to an appreciable 11.0% gain from 2023 levels. However, they also note that July 2023 was not a great month, and so a gain was …
Distribution Stox recently confirmed the conclusion of an agreement in principle to acquire the wholesale division of Newfoundland-based Simmons Tires and Service Centre Ltd. — though it has plans for much more. In a news release, the company said it …
In a move that speaks to the importance of hydrogen as a viable fueling option—not just for consumer vehicles, but the automotive sector as a whole—Nikola Corporation has teamed up with ITD Industries to open a commercial hydrogen refuelling station …
Québec is heading towards a complete ban on the sale of new internal combustion engine (ICE) vehicles starting in 2035. The tabling of a draft regulation on this topic was announced by the Ministry of Environment, Fight Against Climate Change, …
Owner satisfaction with new vehicle design and performance is back on track after two years of decline, according to J.D. Power’s 2024 U.S. Automotive Performance, Execution and Layout (APEAL) Study. In a news release, the company said overall satisfaction on …
The 2024 Western Canadian Dealer Summit is coming up this fall! Canadian auto dealer will be a media sponsor at the event, which is set to take place at the Fairmont Banff Springs Hotel in Banff, Alta., from Nov. 14-17. …
Reynolds and Reynolds conducted a study on dealerships that switched from a competing DMS provider to its retail management system and found significant growth in nearly every area. In a news release, the company said overall gross profits jumped an …
The global electric vehicle (EV) market, valued at around USD 603.45 billion in 2022, is now expected to grow from 661.87 billion in 2023 to 1386.08 billion by 2031, according to SkyQuest. The IP-focused research and investment bank said this would happen at a compound annual growth …
Funding collective mobility is a societal issue, according to CAA-Quebec, which is urging the provincial government to review public transit funding. Based on reporting in The Gazette, the province will provide around $212 million of the $400 million requested to …
