Balancing the Books: Used vehicle values slowly, steadily returning to normal, Canadian Black Book says
Toronto, Ontario — Canadian Black Book recently released its used vehicle valuations for October, which marked a 1.1 percent drop in the industry’s Used Vehicle Retention Index, down from 160.3 to 158.5 points. Used vehicle valuations in Canada currently sit in line with numbers recorded in December of 2021. The report did show that year-over-year […]
Just Keep Building: GM to bolster EV development with expanded truck, SUV production
Detroit, Michigan — In the face of global parts shortages and skyrocketing gas prices, General Motors’ CEO has announced that the legacy OEM will double-down on its North American production capabilities and plans on “selling every truck we can build.” Mary Barra, the automotive giant’s head since 2013, made the announcement on Monday during GM’s […]
Acura’s Accomplishments: Acura celebrates 35 years since Canadian launch
Toronto, Ontario — Sure maybe its hair is thinning and pop gives it a headache now, but we should still all congratulate Acura Canada on it’s 35th anniversary in the country and for finding a new passion in frisbee golf. In celebration of its 35th year, Acura announced on Monday that the Honda-owned automaker has […]
EV Eval: Tesla boasts two of top five selling EVs globally, CleanTechnica says
Toronto, Ontario — The Tesla Model 3 has secured its crown for the fourth year running as the top-selling electric vehicle in the world, according to data from CleanTechnica. Overall EV sales grew by 71 percent over the past year, with Tesla’s Model 3 making up more than 500,000 of those sales. Plug-in hybrid electric […]
Oh Boy, NACTOY: Ford and Honda sweep top spots in vehicle of the year awards
Detroit, Michigan — The 2022 North American Car, Truck and Utility Vehicle of the Year (NACTOY) award winners have been announced, recognizing two old favourites and one new contender that is making its mark in the truck market. The winners of the 2022 NACTOY awards are the Honda Civic, the Ford Maverick and the Ford […]
Civic Society: Honda Civic best-selling car in Canada for 24th consecutive year
Toronto, Ontario — Collision repairers might as well start tattooing Honda Civic repair procedures all over their bodies because that car is not going anywhere any time soon as the OEM announced Friday that the flagship model is a best-seller in Canada for the twenty-fourth year running. Honda says that they managed to move 43,556 […]
Lightning in the Distance: Ford F-150 Lightning deliveries pushed to September
Toronto, Ontario — Customers will have to wait a little bit longer to get behind the wheel of the new electric version of Canada’s most popular pickup truck, as Ford issued an update that pushes back the F-150 Lightning’s rollout window to September. The update provided by Ford representatives stated that production on the F-150 […]
Lay of the Land: AIA releases report on dealer sales landscape
Toronto, Ontario — AIA’s new dealer landscape report gives collision shops a sneak peek at what vehicles are on their way to your repair bay. The Automotive Industry Association of Canada’s (AIA) “New Car Dealer Landscape 2021” report delves into the current vehicle sales environment and looks forward to emerging trends in the used vehicle […]
Ace in the Hole: Toyota to return to full production levels by end of December
Toronto, Ontario — Toyota has announced that they expect to be back at full production at all of their facilities by the end of the year, baffling the rest of the industry as to how the Japanese automaker is pulling ahead amid a global microchip shortage. Toyota’s head office issued a press release earlier this […]
As Good as New: Used vehicles retaining all-time high of 64 percent of value, Canadian Black Book says
Toronto, Ontario — With inventory shortages rampant throughout the auto industry, that old beater car you let your teenager drive is actually becoming quite the hot commodity as Canadian Black Book reports that used vehicles have retained 64 percent their value over the past four years. According to senior vice president and general manager at […]