Ontario-based Dealer-FX has been acquired by Snap-on Incorporated, a manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions. News of the acquisition was released on March 8, 2021 in a Snap-on news release, which stated the company …
Average wholesale used vehicle prices in Canada experienced another up-tick with trucks and SUVs leading the way, according to Canadian Black Book’s market update. The update was released during the first week of March, and noted that the increase was …
More than half (59%) of new-vehicle shoppers fall into the categories of “somewhat likely” or “somewhat unlikely” to purchase or lease a battery electric vehicle (BEV) as their next car, creating a “significant window of opportunity” for future EV sales, …
In keeping with the automotive industry’s trend towards virtual events due to COVID-19 restrictions, BMW Canada launched an “Auto Show and a Movie” on February 27 that offered approximately 7,000 Canadians a look at the models and innovations driving the …
Volvo recently announced that its electric vehicles will be sold online only. The OEM plans to become a fully EV company by 2030, which begs the question: what does the move mean for its automotive retail network? Based on the …
With the U.S. looking to enhance the rollout of electric vehicles and buses across the nation, the move may require large investments in the country’s strained power grid system. “The city’s (Austin, Texas) transit agency has budgeted $650 million over …
U.S. vehicle sales may have taken a dive in 2020 but dealerships had their most profitable year ever, according to Car and Driver. “They put the squeeze on us. Shuttered factories drastically reduced supply, but demand stayed strong. That led …
Europe’s electric vehicle sales are expected to surpass the one million mark in 2021, but growth is also anticipated to be slower as things get back to “normal”, according to a report by Schmidt Automotive Research. “Most mainstream forecasters expect …
Tesla is conducting another round of price cuts, in Japan this time, just weeks after it slashed prices on some of its popular models in North America and Europe. “Sales of the Tesla Model 3 have jumped by 25% in …
Not surprisingly, given the multitude of confounding factors currently affecting the Canadian marketplace, new vehicle sales in February fell below year-ago levels for the month by almost 10%. DesRosiers Automotive Consultants (DAC) estimates total Canadian sales of 112,654 new vehicles …
Glen Demetrioff, Founder and CEO of RAPID RTC, talks about the company’s recent acquisition by Keyloop, why the decision was made, what this means for dealers in Canada, what’s coming up in the pipeline, and explores key changes since the …
Ryan Davidson, CEO of TRADE X and COO Luciano Butera discuss the company’s global B2B automotive trading platform, their plans to expand into Canada and the U.S., why the platform may prove useful to Canadian dealers, and how the company …
