J.D. Power sees the coronavirus pandemic as a significant opportunity for Canadian auto finance companies, especially as overall industry satisfaction readings are mixed year-over-year. As the operational and financial effects of COVID-19 cause havoc to the auto sector and bring ... [Read More]

Inmotive, which produces the patent-protected Ingear two-speed transmission for electric vehicles, has closed a $7.5-million Series A round of funding. For Toronto-based Inmotive, the investment means the company is a step closer to helping plug-in electric vehicles become lighter and ... [Read More]

Along with updating its most likely and severe recession scenarios for how wholesale prices might perform, Canadian Black Book began its latest COVID-19 update with what analysts declared to be “good news.” Canadian Black Book highlighted on Monday that those ... [Read More]

Stating it was taking the action because of “greatly restricted business” at many Porsche centers that has taken place recently, the luxury automaker is extending the new-car warranty by three months for all vehicles with a new-car warranty expiring between March ... [Read More]

For its subscribing dealerships in Canada, CarGurus has announced a 20% rate reduction for the month of June. CarGurus said it intends for the reduction to provide extended cost relief, and the company said that with the reduction, Canadian dealers ... [Read More]

North American F&I provider Sym-Tech Dealer Services has taken its F&I Performance product and developed a full turnkey virtual F&I product that dealers can use in an entirely online environment. Sym-Tech has developed the product while noting that the shift ... [Read More]

It was a strong start to 2020 for the Canadian used-car industry. But as the impact of COVID-19 took hold in March, the first quarter ended up softer than the year-ago period. In fact, there was a 1.5% year-over-year dip ... [Read More]

Off-lease volumes were already going to be a tough hurdle for the Canadian auto market to maneuver this year, even before COVID-19. But the impact of the pandemic certainly heightens the concerns around what is expected to be two “peak ... [Read More]

Responding to the COVID-19 pandemic that they say has impacted the automotive industry worldwide, EDealer and EBlock are waiving all contract, set-up and transactional costs associated with their touchless trade-in product, Guaranteed Trade, until August for every dealer in Canada. ... [Read More]

Canadian Black Book and TRADER Corp. each generated data and information this week aimed at uncovering just how significant the impact the COVID-19 pandemic has been on the country’s automotive wholesale and retail segments. The results from both firms showed dramatic ... [Read More]