autoTRADER.ca’s May Price Index reveals a dip in vehicle pricing that accompanies an increase in consumer interest to buy. Nationally, the median price of a new vehicle sits at $39,799, which is down 0.8% month-over-month but up 1.3% year-over-year. For …
CDK Global announced on June 8 the launch of its Sign Anywhere solution, which provides dealerships with the ability to offer their customers remote electronic signing for most F&I forms when buying a car. The solution is meant to offer …
Dealers are worried that access to the Canada Emergency Wage Subsidy (CEWS) program, described by the Canadian Automobile Dealers Association (CADA) as a “critical lifeline for dealerships and employees,” will disappear once revenue declines dip below the 30% mark. That’s …
Pitcher and Doyle have released a notice to warn auto retailers about the “dramatic increase” in the number of fraudulent deals stemming from dealerships. “Fraudsters are getting more sophisticated and are taking advantage during these difficult times as sales teams …
Uncertainty around the pandemic will globally dent the sale of electric vehicles (EVs), while the recovery period is anticipated to pave the way towards healthier growth, according to Frost & Sullivan’s latest analysis of the market. An optimistic scenario would …
Dealerships in the United Kingdom could become places to “try” rather than “buy” a vehicle as consumers look to online purchasing options, according to Steve Fowler, Editor-in-chief at Auto Express. Automaker bosses, he said, admitted they were caught napping when …
Honda has halted production at some plants after a cyber attack disrupted its internal network. The issue of its car inspection system, which was not able to access computers at certain facilities, was discovered early in the week. “Production has …
Ford expects production at its U.S. plants to return to pre-COVID levels by early July. “By July 6, we will expect to have all of our U.S. plants operating at pre-COVID patterns,” said Chief Operating Officer Jim Farley. “We’re really …
Automotive parts provider Continental is looking to save money after being hard-hit by COVID-19, and may have to lay off workers due to lowered demand for its products. “This will be very painful, but we have no other choice,” said …
Politicians from major political parties in Australia have criticized the closure of General Motors’ Holden brand. “I acknowledge that times change, businesses adapt and come and go, and they have a right to do so. But in doing so they …
Universus Media Group (UMG) has appointed Trevor Davis as its new Business Development Manager for Canadian auto dealer’s print, digital and video properties. “We are pleased to appoint Trevor to this role,” said Niel Hiscox, President of Universus Media Group. …
Reynolds and Reynolds has named Tommy Barras as the company’s new President and Chief Operations Officer. Barras was part of Universal Computer Systems (UCS) in 1976 — years before the company acquired Reynolds and Reynolds and merged the operations of …
