The average transaction price for a new vehicle in the United States was up to $48,528 in May 2023, representing a month-over-month increase of 0.5% ($251) from Kelley Blue Book’s revised April reading of $48,277. During this period, incentives continued …
Vehicle supply issues may have improved, but dealer concerns are still very much present — this time around economic uncertainty and high interest rates. That is according to the quarterly Cox Automotive Dealer Sentiment Index, which found that dealer …
Reynolds and Reynolds has acquired technology startup AutoVision. The company aims to strengthen its retail management system with tools that will help franchised and independent dealers retail their used vehicles more efficiently — and with greater profitably. “For too …
Canadian Black Book recently released its Used Vehicle Retention Index, which shows a marginal increase for May 2023. The May index sat at 158.8 points, which represents a 0.8% month-over-month increase and a year-over-year decrease of 2.4%. “The spring market …
Nissan Canada is teaming up with FLO, an electric vehicle charging company, to introduce two initiatives for new car buyers in Canada that may help boost adoption for the OEM and raise awareness about FLO. The first initiative will see …
General Motors is the latest automaker to announce that it will adopt the North America Charging Standard (NACS). Another one is Ford, which made its plans public in May. In a news release, General Motors said it would integrate the …
There was definitely hope for the automotive industry in Canada when DesRosiers Automotive Consultants estimated that Canadian light vehicle sales for May would come in at 159,705 units — an increase of 13.5% from May 2022 and up 10.9% from …
Don Romano, president and CEO of Hyundai Canada recently won the Ally of Excellence Award from the Women’s Executive Network (WXN) — a newsworthy achievement for a number of reasons. The award is noteworthy because it marks the first time …
With the announcement of the acquisition of East Coast International Trucks, Steele Auto Group has officially entered the heavy truck market — a move it has apparently had its eye on for a while. “It has been a long-term objective …
The federal government has announced support for 30 Ontario-based partner organizations that will help install up to 1,908 Level 2 and 100 Level 3 chargers across the province as part of a larger, Canada-wide project. That project will see the …
The Canadian used wholesale market experienced a more pronounced decline in prices this week — down 0.23% for the period ending on June 3 compared to the previous week’s -0.12%, according to Canadian Black Book. Overall car segment prices dipped …
Steele Auto Group, the biggest dealership in Atlantic Canada, has discontinued its relationship with ALL EV Canada after less than two years. The dealer group announced its decision earlier this week on social media, indicating it will take effect June …
