Dealer Data: CADA’s 2023 Economic Impact Report shows financial merit of Canada’s automotive dealers
Toronto, Ontario — The Canadian Automotive Dealers Association (CADA) recently published its 2023 Economic Impact Report, revealing total automotive sales for 2022 were up 20.6 percent from 2021. The study—drawing on data collected from 2022—was developed in collaboration with accounting firm MNP and is meant to offer a comprehensive view of the economic contributions made […]
Tuesday Ticker: Toyota tops; while Fisker falls and Mitsubishi makes new ground
Toronto, Ontario — This week, we look at the rise and fall of automakers and the economic market as Toyota posts a record global output for the first fiscal half; Fisker’s stock falls following the announcement of reduced prices; and Mitsubishi makes plans to expand its Parts and Distribution services. Going for growth On Monday, […]
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 […]
April Activity: Canada’s April vehicle sales up 254 percent from last year’s pandemic low
Toronto, Ontario — Canadian auto sales in April were up 254 percent compared to the same time last year, when sales dropped due to lockdowns. Canadian auto sales totalled 162,455 units last month, up from just 45,833 units in April 2020, according to estimates by DesRosiers Automotive Consultants. DesRosiers says April 2020 was one of […]
Toyota Takes Top Spot: Automaker ranks as the top-seller globally
Toronto, Ontario – For the first time in five years Toyota claimed the title as the world’s top-selling automaker for 2020, overtaking Volkswagen Group. Toyota saw its total sales fall 11 per cent in 2020, the sales include its subsidiaries Lexus, Daihatsu and Hino, coming to a total of 9.53 million units sold. On the […]
