Canadian auto dealer editor Todd Phillips interviews Andrew Ojamae, President & CEO of the AutoIQ Dealership Network, about his organization’s key focus on talent recruitment, development, and supporting top leaders to become managing partners of the group’s 17 dealerships across Ontario.
Car shoppers mostly chill about waiting for a new car: TRADER report
There appears to be some light at the end of the tunnel regarding the microchip shortage for some vehicle manufacturers, but as the sight of empty car lots is still very apparent, it seems car shoppers are taking the delay …
Honda donates $300K to Ontario hospital’s maternal child health program
The Honda Canada Foundation will donate $300,000 to the Southlake Regional Health Centre Foundation in Newmarket, Ont., over a three-year period to create a positive impact in the communities where Honda associates and dealers live and work. The foundation announced …
Used vehicle prices down 0.04%
Canadian Black Book’s latest Market Insights report reveals another decline in prices for the country’s used vehicle wholesale market, this time for the week ending on May 16. Dealers may be interested to note that overall prices for the market …
Record-setting new car prices often over MSRP in the U.S.
A combination of factors has pushed the average transaction price (ATP) in the U.S. up to historically high numbers, a situation which has also become apparent in Canada. In the U.S., the ATP is now above $48,000, according to a …
Dealerships’ values at record high levels, selling outlook good: Haig study
Though the general economic forecasts for the North American economy have predicted weakened activity, the auto sector continues to experience record-high profits, bucking the gloomy overall trends. Pent-up demand, coupled with low inventories have created a perfect storm for car …
Toyota and dealers accumulate over $900K for food bank donations
Toyota Canada and its dealers donated more than $900,000 to local food banks across the country this month, as many Canadians continue to struggle with rising costs and food insecurity. In a news release Toyota Canada said food banks are …