Fifty-three per cent of new vehicle transactions over the past 12 months were conducted through loans, while 29% were leases and 18% were cash payments, according to J.D. Power’s Automotive Market Metrics released in April. On monthly payments, the average …
There is some good news for dealers in the federal budget that was released on April 7 by Chrystia Freeland, Deputy Prime Minister and Minister of Finance, which includes important measures on moving zero-emission vehicles (ZEVs) forward. Some of …
A battle over what was once thought of as traditionally dealership customers is now being waged in the digital environment. Online car retailer Clutch launched a new brand campaign that pokes fun at the traditional used car dealership experience, and …
Automotive trading platform Trade X announced an auction alliance with Wholesale Express, a Canadian online daily auction website that sells used vehicles to registered dealers in Quebec, Ontario, and Eastern Canada. “As this is our first partnership through the new …
General Motors announced that it will begin production at Canada’s first full-scale commercial electric vehicle production facility at the CAMI Assembly Plant in Ingersoll, Ont. The OEM, along with the federal and provincial government in Ontario, made the announcement at …
The Policaro Group expanded its operation in Southern Ontario after acquiring Jaguar Waterloo, Land Rover Waterloo, and Volvo Cars Waterloo in April. The new dealerships join the group’s existing franchises, which includes the Acura, BMW, Lexus and Porsche brands. “We …
Ensuring consumers are informed about electric vehicles will be vital to a mature EV market, according to an opinion article from Auto Express. “I believe that arming consumers with knowledge and information is a vital component of the maturity of …
U.S. President Joe Biden met with General Motors’ Mary Barra and finally with Tesla’s Elon Musk, who has long complained about being ignored, for an electric vehicle industry meeting. “The administration said in a statement ‘there was broad consensus that …
Nissan wants to produce an electric vehicle with in-house (developed) solid-state batteries by 2028, according to Auto Express. The OEM has a prototype facility for producing the cells within the Nissan Research Center in Japan. “The plant is a crucial …
Tesla may start producing its electric pickup truck next year, according to Car and Driver. C&D said Musk officially promised the electric Cybertruck and the Tesla Semi in 2023. “We’re going to move to . . . scale that no …
Vietnam’s VinFast filed for an initial public offering (IPO) in the U.S. as the electric vehicle maker begins construction on a factory in North Carolina. Based on Autoblog, the share sale could raise around $2 billion. “At $2 billion, VinFast’s …
Used vehicle prices declined slightly in the Canadian wholesale market—down 0.02% for the week ending on April 1, compared to +0.09% the prior week. The 2017-2019 average for the same week was -0.18%, according to Canadian Black Book. Overall, car …
