Canadian consumers are turning to credit for liquidity, with the average credit card balance rising as high as $4,000, according to the recently released Q2 2023 Credit Industry Insights Report (CIIR) of TransUnion. The company’s findings reveal a consistent increase …
The Canadian used wholesale market experienced a decline in prices of -0.30% for the week ending on August 26, compared to the prior week’s decline of -0.20% and the 2017-2019 average of -0.23% for the same period. (In the United …
The federal government will invest nearly $30 million to deliver more than 1,500 electric vehicle chargers across Québec, including over 400 fast chargers, as part of its project to build a coast-to-coast-to-coast network of charging stations in Canada. The announcement …
With the increase of auto theft, Équité Association is calling on Transport Canada to update Canada’s Federal Motor Vehicle Safety Regulations by adopting the new standards set out by UL Standards & Engagement (ULSE). Équité Association is a not-for-profit organization …
New research shows that Denmark and Italy tie as the most expensive countries around the globe for consumers to charge an electric vehicle, thanks to a cost of $9.85 per 100 kilometres. In comparison, the cost to charge an EV …
Kite Mobility, a cleantech platform founded in 2020, announced that it has secured $3.5 million in funding to help accelerate the company’s growth in the electric vehicle rideshare market in Canada. Its mobile application provides people in private communities with …
With the school year set to kick off for college and university students across the United States (and Canada), Kelley Blue Book recently released its list of the Best Cars for College Students for 2023. In selecting the vehicles, KBB considered …
Kia plans to use recycled plastic in its new electric vehicle models, pulled from a 55-ton haul reclaimed from the Pacific Ocean by the OEM’s global partner The Ocean Cleanup. The plastic was taken from Victoria, Vancouver Island, British Columbia. …
Autotrader.ca recently announced the launch of a new product called Upgrade Optimizer – AI, described as an artificial intelligence technology that was built in 2021 and enhanced over three years. The goal is to help Canadian automotive retailers sell more …
Dealers interested in keeping up with the aftermarket will find that, while parts supply remains a problem, sales continue to boom. In working with the Automotive Aftermarket Retailers of Ontario (AARO), DesRosiers Automotive Consultants (DAC) gathered industry feedback on the …
The Canadian used wholesale market saw a decline in prices of -0.20%. for the week ending on Aug. 19, continuing a multi-week slide. (In the United States, the overall car and truck segments declined -1.52% last week and -1.45% the …
A recent report from ABI Research found that the European Union will import 1.2 million Chinese-made battery electric vehicles from the East Asian country this year, balancing both threat and opportunity for European automakers. These vehicles will make up 12 …
