Financial institution Wells Fargo, known for providing car shoppers with loans, will stop indirect auto lending at up to 1,100 independent car dealerships in the U.S. “As a responsible lender, we also have an obligation to review our business practices …
Business is booming for some U.S. car dealers as automakers increase production, even as they anticipate some inventory shortages over the coming months. “It will take a while for the factories and the suppliers to get momentum going again,” said …
Autonomous cars may only prevent a third of collisions in the U.S., according to a new study from the Insurance Institute for Highway Safety (IIHS). “The IIHS concluded that, while self-driving vehicles would be better at detecting the world around …
General Motors revived its Warren Transmission factory to build medical face masks, but its long-term fate remains unknown. “In 2018, GM said it would restructure the company by cutting some 4,000 salaried jobs and idling four U.S. plants, Warren being …
Canadian auto dealer editor Todd Phillips talks with Vince Poloniato, President of Solutions Into Motion, about the company’s Trackem Test Driver GPS technology that lets dealerships provide contactless test drives with the reassurance that the vehicle’s whereabouts, and driving …
Rising demand for used cars in the U.S. has pushed prices up and placed dealers in a competitive position as they seek to buy more vehicles. “We actually have an issue now, which is that we don’t have enough inventory,” …
Sao Paula, Brazil’s largest city and the first to report COVID-19 cases, has given car dealers, law firms and accounting companies the green light to reopen. “According to the protocols, car dealers will have to control customer traffic to avoid …
Toronto will host the world’s first drive-in art exhibit, amid COVID-19, to allow people to experience the Immersive Van Gogh exhibition in the city. The show was originally meant to be viewed on-foot rather than in a vehicle, but considering …
Germany plans to ensure there is an electric vehicle charger at every gas station by way of requirement. It’s all part of a recovery plan created in the wake of the COVID-19 crisis. “The goal is to move quicker to …
Estimated sales of 113,224 new vehicles in Canada in May represented a 44.0% decline from the same month last year. And that’s good news! While it is a dramatic loss of sales for what should be the strongest month of …
Canadian auto dealer editor Todd Phillips interviews Richard Trevisan, Brand Director at Genesis Motors Canada, on how the company continues to innovate and improve its customer experience. Trevisan says the company continued to remain “open” during the pandemic since …
In its latest COVID-19 Automotive Market update, Canadian Black Book reveals its retention index declined an additional 3.20 points in May (close to April’s record decline), thanks in large part to lower consumer confidence and high levels of market uncertainty. …
