Tesla may start producing its electric pickup truck next year, according to Car and Driver. C&D said Musk officially promised the electric Cybertruck and the Tesla Semi in 2023. “We’re going to move to . . . scale that no …
Vietnam’s VinFast filed for an initial public offering (IPO) in the U.S. as the electric vehicle maker begins construction on a factory in North Carolina. Based on Autoblog, the share sale could raise around $2 billion. “At $2 billion, VinFast’s …
Used vehicle prices declined slightly in the Canadian wholesale market—down 0.02% for the week ending on April 1, compared to +0.09% the prior week. The 2017-2019 average for the same week was -0.18%, according to Canadian Black Book. Overall, car …
AutoVerify, which is powered by Mobials, is teaming up with Auto Shield Canada to help dealers sell more finance and insurance (F&I) products. “We are very excited to be partnering with Auto Shield Canada,” said Marty Meadows, President at AutoVerify. …
Automotive retail technology company CDK Global is set to be acquired by Brookfield Business Partners for $8.3 billion. The company entered into a definitive agreement to be acquired by Brookfield Business Partners, together with institutional partners which are collectively known …
The Ford F-series remains the best-selling vehicle in Canada—by just a few units. According to DesRosiers Automotive Consultants (DAC), the Ford F-series has been the best-selling vehicle in the country on an annual basis since 2009, and the best-selling pickup …
Following news of the first standalone Genesis Retail Experience Centre in the United States, the automaker announced the first such retail facility in the province of Quebec. Genesis Estrie is located in Sherbrooke, Que., and is the automaker’s second retail …
In a recent report from J.D. Power, in which it notes that leasing volume now accounts for 19 per cent of total new vehicle sales, the company said both lenders and dealers need to be “more targeted and purposeful than …
Cox Automotive recently launched Kelley Blue Book Instant Cash Offer in Canada after offering the tool in the United States for more than six years. The “new” tool is customized for the Canadian market and aims to help dealers get …
Genesis opened its first standalone retail facility in the United States, the company announced. Genesis of Lafayette is located in Louisiana and is owned and operated by dealer principal Arthur C. LeBlanc Jr. and Sterling Automotive Group. Consumers can book …
The United States plans to release approximately one million barrels of oil a day from its reserves for six months starting in May—a move that Autoblog describes as “a historic drawdown underscoring White House concern about rising gas prices and …
Honda is targeting used vehicle shoppers with its certified pre-owned programs know as HondaTrue Used and Acura Precision Used, which Car and Driver said aims to get both first-time buyers and used-car shoppers “into their dealerships and away from online …
