Aging Autos: Used car sales up five percent last year

Toronto, Ontario — Used car sales increased five percent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots, according to DesRosiers Automotive Consultants. A survey by the Used Car Dealers Association found that an average of 250 used vehicles per franchised and independent dealer were sold […]

Kia to Success: Kia Canada has record-breaking sales month in Feb.

Toronto, Ontario — It seems Kia is Canada’s Valentine this year as the automaker celebrates a record February for sales, with the company recording a total 4,650 units sold during the month, according to a press release from Thursday. While the others are trying to stay on their feet, Kia has managed to stand taller […]

Record Numbers: AutoCanada unveils 2020 Q4 results

Edmonton, Alberta ⁠— AutoCanada has unveiled its fourth-quarter results for 2020, reporting an 8.3 percent increase in revenue compared to the same period the year prior and “outperform[ing] the Canadian new-vehicle retail market,” said the company.  Fourth-quarter revenue for 2020 reached $876.1 million as compared to $809.1 million the prior year.  Moreover, the fourth-quarter Adjusted […]

All-Time High: Vehicle prices in Canada hit the roof

Toronto, Ontario — Vehicle prices in Canada have hit an all-time high, with the average vehicle selling for more than $40,000. If you’re looking to buy a new or used vehicle you may have thought prices would be lower due to the COVID-19 pandemic but there are several factors that are making them cost more. […]