Lots of variation was observed in May, where provincial sales performance is concerned. New light vehicle sales increases were observed in all Canadian provinces, ranging from as low as an estimated +1.4% in Ontario to a stronger +27.5% in Newfoundland, …
Most British Columbians have used peer-to-peer marketplaces, but when it comes to expensive items like vehicles, many find buying online too risky. That is according to a new survey for the British Columbia Automobile Association (BCAA) conducted by Angus Reid. …
This past week the Canadian used wholesale market saw a decline in prices -0.22% for the period ending on June 15. The decline was closer to pre-pandemic figures, and less steep than the prior week’s -0.45%, according to Canadian Black …
The next J.D. Power Auto Summit returns early next year and is set to take place in New Orleans in the United States, according to a company reminder. Dealers and other industry players seeking to attend the event will need …
CADA-backed technology helps dealerships manage their lots and recover stolen vehicles With the rising tide of stolen vehicles plaguing dealerships across the country, dealers need help protecting their inventory and recovering stolen vehicles. Garage insurance providers are demanding it. “CADA …
Fifty years after opening its first Porsche dealership and 65 years after it started as a business, Mark Motors Group celebrated both anniversaries in style. Earlier this month, the Ottawa-based dealership group opened Mark Motors Porsche Destination Centre, replacing the …
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 …
