Use these simple formulas to help you assess which strategies will truly pay off. “The Time Value of Money” is a classic concept in financial management. It states that a sum of money is worth more today than the same …
More charging infrastructure is needed to meet EV sales targets, but Canada’s basic infrastructure needs an overhaul too. Given that a lot of my recent columns, which have focused on vehicle electrification and the challenges around reaching Canada’s (and Quebec’s …
Digital Air Strike released its ninth Annual Automotive Customer Experience Trends study at the 2022 NADA Show in Las Vegas, Nevada, offering dealers, lenders, OEMs and providers information that they can use to improve the vehicle ownership experience. The company …
Traffic might have been down but suppliers were happy with the dealer engagement and leads generated. The 2022 NADA Show returned to its normal format this year with a physical event, following a year in which it had to go …
It’s not about headlines and catchphrases. It’s about business success Fostering a diverse and welcoming dealership environment not only ensures that the entire team feels seen and heard, but it can also offer many other benefits for the business that …
There will soon be more charging locations than gas stations. Imagine that. While the past two years have been a rollercoaster ride for the automotive industry as a whole, there is one corner of the industry where things have been …
The decline continued for the overall prices in the Canadian used wholesale market for the week ending on April 22—down 0.23% compared to the previous week’s -0.04%, according to Canadian Black Book. The 2017-2019 average for that week was -0.08%. The …
Honourable Jonathan Wilkinson, Minister of Natural Resources, announced on April 27 an investment of more than $2.6 million to Montreal-based Tugliq Energy Co. to address barriers to electric vehicle (EV) infrastructure in Northern Quebec. “By investing in making EV chargers …
The Great Place to Work Institute has announced it has once again recognized Hyundai Auto Canada Corp. in the top 50 of Canada’s Best Workplaces for 2022. The institute, which is an authority on “high-trust, high-performance workplace cultures,” named Hyundai …
Porsche Canada continues to expand its Destination Porsche format, breaking ground this week at the Porsche Centre Ottawa, which will replace Mark Motors that has been the brand in the Ottawa/Gatineau region for almost 50 years. The facility, which is …
Quebec-based Martins Industries, which offers an array of tire equipment products sold across the globe, has acquired Checkpoint Safety. Based in Carnforth, England, Checkpoint’s innovative product line is devoted to wheel safety, including manufacturing the world’s first visual nut indicator. …
What can Canadians learn from the European experience with selling electric vehicles? The Canadian auto dealer team asked me to reflect on lessons learned from the growth of electric vehicles (EVs)—battery electric vehicles (BEVs) and plug-in hybrids (PHEVs)—over recent years …
