Auto theft claim costs are up in regions across Atlantic Canada, according to the Insurance Bureau of Canada (IBC). Its latest update and data point to alarming spikes in the price residents are paying. According to IBC’s news release, theft …
May used vehicle prices in the United States were on average $20,000 less than new vehicle prices during the same period — the largest price gap since 2018, according to a Cars Commerce May 2024 Industry Insights Report. In a …
A night rate was implemented on the EcoCharge IGA fast-charging network for electric vehicles June 17, according to an announcement from Papillons Infrastructure Nature and Earth Day Canada. The implementation applies to the entire EcoCharge IGA network of 102 level …
Thanks to a new partnership between the Automotive Business School of Canada and PBS Systems, students will be able to learn on industry-leading software, Georgian College announced in a news release. PBS Systems is a Canadian supplier of dealer management …
In looking at consumer price index data from key parts of the automotive industry, DesRosiers Automotive Consultants found that April 2024 painted a picture of increases — for the most part. “Leading the gains was insurance premiums, the CPI for …
The automotive industry is increasingly moving towards electric vehicles. As a bank serving both consumers and the automotive industry, CIBC is showing its support for the transition towards the electrification of vehicles, by introducing new programs to spark further EV …
Distribution Stox has concluded its agreement in principle to acquire the passenger car and light truck distribution division of Techno Pneu for the Bas St-Laurent and Gaspésie regions in Québec. The transaction is expected to close on June 14. The …
Lithion Technologies has announced the completion of the construction of its first commercial critical mineral extraction plant called Lithion Saint-Bruno in St-Bruno-de-Montarville — near Montréal, Qué. The company develops, deploys, and operates technologies to recycle lithium-ion batteries and create a …
For an automotive distributor that began working out of a trailer and with an unusual way of marketing its cars to customers, Genesis Niagara in St. Catharines has come a long way. Owned by the Performance Auto Group and Distributor …
Average new car prices have gone up 6.55% in Canada this past May, reaching $64,047 compared to the same time last year. That is according to Kijiji’s Vehicle Trend Report: National Edition for May 2024, which found that the average …
Hyundai Canada is donating $500,000 to the Markham Stouffville Hospital Foundation in Ontario, a move that kicked off a $3.1 million fundraising effort to support the construction of a new child and adolescent mental health inpatient unit. That unit, which …
Reynolds and Reynolds has donated $5 million to Northwood University to help fund the construction of the new Center for Automotive & Mobility Studies at Northwood University in Michigan, the company recently announced. The new centre will replace the current …
