RVI Group’s Wei Fan, Senior VP Head of Passenger Vehicle Business & RVI Analytical Services and David McKay, VP of Business Development and Sales for Passenger Vehicle, discuss comments made by industry experts, including some OEMs, regarding the eventual shift from ICE to EVs and the impact this will have on residual values of ICE vehicles.
Q2 shows non-luxury car comeback in U.S.: Kelley Blue Book
The shopping habits of people looking for non-luxury vehicles are significantly influenced by high gas prices in the U.S., according to a new report by Kelley Blue Book. This has led to people considering buying a car over a truck …
Blue Rodeo’s Jim Cuddy tells Canadian auto dealer he’s looking forward to playing Canada Night NAD’eh
Legendary rockers Blue Rodeo, who recorded the hit song 5 Days In May thirty years ago, will be in Las Vegas performing for what should be one amazing night in February for Canadian dealers at the 2024 NADA Show. The …
Canadian tire distributor Groupe Touchette acquires Fastco Canada
Well-known Canadian tire distributor Groupe Touchette just acquired Fastco Canada, a large manufacturer and distributor of alloy and steel wheels and accessories. Fastco Canada has facilities in Vaudreuil-Dorion, Qué., and Airdrie, Alta. The acquisition means Québec-based Groupe Touchette can expand …
Distracted driving is up in Ontario; holding a mobile device a key concern
Dealers seeking to enhance consumer awareness about vehicle safety and entertainment features may be interested in reviewing a recent CAA survey about distracted driving in Ontario. The survey, conducted on behalf of CAA South Central Ontario (CAA SCO), found that …
October 2023 sales up 20% from same period last year
There have been 12 consecutive months of sales increases so far this year, compared to 2022. The last time something like this occurred was in November 2015, which saw a noteworthy 32-month run of year-over-year sales increases. That is according …
CADA shares five crucial data sharing principles for dealers
The Canadian Automobile Dealers Association hopes its adoption of five data sharing principles developed by the National Automobile Dealers Association will collectively help dealers and manufacturers in Canada deal with what is considered one of the most complex issues in …