Adapt and thrive
For the Canadian auto dealer team, the first part of the year is always a frenzied blur of events, conferences and auto shows. This year it started with NADA in January, the CADA Summit and various auto shows in Toronto, …
News
Bits and pieces
Mark your calendars and get your flights booked: next year’s NADA Show, CADA Summit, and Canadian International AutoShow VIP night run right into each other. The CADA Summit will take place February 12, 2020, in Toronto, Ont., followed by VIP …
Time to change marketing tactics
Today’s Canadian car shoppers and buyers of the future will need to be approached differently in terms of how products and services are being sold to them, according to a recent study from Canadian Black Book. This is because of …
Canada’s push for ZEVs is real
The federal budget 2019, announced in February by the Minister of Finance Bill Morneau reveals a strong push towards a more electrified future in Canada. On March 29, the Government of Canada delved into a deeper discussion about their plan …
GM monthly reporting to impact consumers
General Motors has scrapped its traditional monthly reporting of vehicle sales figures in Canada in favour of quarterly reporting — a move that is expected to impact consumers and data-sharing companies more than auto retailers, according to Dennis DesRosiers, President …
Sym-Tech joins Amynta Group
Sym-Tech Dealer Services is joining Amynta Group’s North American automotive warranty businesses after being acquired by the company. The Canadian F&I software provider considers this a continuation of its relationship with Amynta, which was first established in 2013. Amynta describes …
Rifco reaches $1B milestone in loans
Rifco National Auto Finance has reached a significant milestone: it has lent a total of one billion dollars to consumers since its inception more than 15 years ago, according to Doug Decksheimer, Vice President & CMO, Rifco National Auto Finance. …
JLR, LGM to launch new F&I product suites
Jaguar Land Rover Canada and LGM Financial Services have teamed up to launch two new finance and insurance (F&I) products suites, with phase one set to deploy April 1, 2019, according to LGM. The products will operate and launch under …
Safety a key factor for families
Safety remains a key priority for families seeking to purchase a new vehicle, according to Kelley Blue Book’s Best Family Cars of 2019 list. “With families filling their after-school hours and weekends with activities, they not only transport their own …
Used mid-size sedan, van values increase
Recent data from Black Book in the U.S. reveals used vehicles such as mid-size sedans and vans are showing a lift in values. The volume-weighted overall car segment values experienced a 0.12 per cent increase ($12) from the previous week. …
66% of Canadians seek dealership financing
Canadian car buyers remain comfortable with receiving their auto financing from the dealership, with 66 per cent having applied for it right when the vehicle was purchased, according to a recent FICO survey. Globally, 55 per cent of consumers on …
Slow start for Q1 auto retail sales
Automotive retail sales have had a slow start this year, with new-vehicle retail sales expected to dip 4.9 per cent to 2,944,200 units in Q1 compared to a year ago, according to J.D. Power. New vehicle sales in March are …
