U.S. new-vehicle price growth slowed in April as the market faced softer demand and shifting sales patterns, according to recently released data from Kelley Blue Book. The average transaction price for a new vehicle reached $49,461 in April, up 1.8 …
Canada’s used wholesale vehicle market continued to soften in the week ending May 9, though the pace of declines moderated compared with recent weeks, according to Canadian Black Book. Overall wholesale prices declined 0.21 per cent for the week. Car …
Team Velocity is expanding into Canada after being approved as a vendor in General Motors of Canada’s Dealer Customer Lifecycle program, known as the CSSR Choice Program. The Washington-based automotive technology company said Canadian GM dealers can now use its …
Canadian wholesale used-vehicle prices fell another 0.32 per cent for the week ending May 2, according to Canadian Black Book’s latest Market Insights report. Car segments declined 0.32 per cent, matching the drop in truck and SUV segments. The overall …
The U.S. Federal Reserve’s latest decision to hold interest rates steady exposed growing divisions among policymakers, adding fresh uncertainty for the U.S. automotive sector as affordability pressures continue to mount, according to Cox Automotive. In its latest Auto Market Weekly …
CarGurus has signed a multi-year partnership with the NASCAR Canada Series, becoming a presenting partner and the series’ official automotive marketplace. The agreement includes entitlement sponsorship for two races, beginning with the CarGurus 200 at Canadian Tire Motorsport Park in …
DSMA has expanded the role of Crissy Knorr to support automotive dealers across Alabama as the company strengthens its presence in the southeastern United States. The automotive merger-and-acquisition advisory firm said Knorr, a Birmingham native, will work directly with dealers …
There are two things I want to touch on. Both deserve much deeper discussion. For now, I want to get them off my chest. The 150,000 problem A lot of space is being given to the idea of bringing new …
There’s something unmistakable happening on the auto show circuit this year—and it’s hard to ignore when you’re standing in the middle of it. From Montreal in January to Toronto in February, Vancouver in March and now New York in April, …
A practical exercise for dealership leaders to identify wasted time, improve processes, and better support technicians “Gemba” is a Japanese term used in Lean processes. It means “go to where the action is.” In a vehicle manufacturing plant, a CEO …
Trade tensions and shifting policy are forcing manufacturers and dealers to adapt as North America’s auto market enters a period of uncertainty U.S. President Donald Trump has often described tariffs as “the most beautiful word in the dictionary.” For many in …
How thoughtful succession and exit planning are shaping dealership value and continuity Consolidation continues to reshape Canada’s dealership landscape, bringing long-term planning into sharper focus. According to Landon Robertson, director of operations and corporate strategy at Templeton Marsh, the current …
