Auto News
Rival Automakers Developing Alt-Fuel Engines
The companies called their technology ‘highly efficient and powerful,’ and that the more compact engines would make space for improved, more aerodynamic vehicle design, along with greater fuel efficiency. Three Japanese automakers said they’re developing internal-combustion engines to support low emissions as they seek to achieve net-zero pollution. Mazda, Subaru and Toyota announced the project…
Inventory-Management Certification Open to Any Dealer
VAuto says the new Variable Management optimizes a vehicle’s return on investment by analyzing unique data points and recommending tailored pricing actions. Pexels/Erik McIean Fueled by an unwavering commitment to dealer success, Cox Automotive’s vAuto is making its new Variable Management Certification program available to any dealer at no cost—regardless of whether they subscribe to…
Discounts Return as Previous-Year Models Sit
Part of the reason for the accumulation of outgoing models is high interest rates that are keeping many consumers out of the market. Pexels/Kelly The share of new outgoing model-year vehicles sitting on dealer lots in May about matched that in May 2019, the year before the pandemic, signaling that reviving inventories are returning conditions…
Europeans Also More Interested in Hybrids
Fully electric vehicles’ share of the EU market was flat year-over-year at 12% as hybrids have taken off. A similar pattern has developed in the U.S. Pexels/Tetyana Kovyrina Hybrid vehicle sales growth in April far exceeded that of all-electric models in Europe, continuing a trend on the continent that’s been mirrored in the U.S. Hybrid…
Video interview: Jason Campbell: Canadian International AutoShow preview
Canadian auto dealer Senior Editor Todd Phillips interviews Jason Campbell, General Manager of the Canadian International AutoShow, about this year’s show that kicks off Feb. 14 with events like the CADA Summit, Media Day and VIP night on Feb. 15, and is officially open to the public from Feb. 16-25. Campbell said more OEMs are…
CLA says government’s rate-of-interest plan could negatively impact non-prime consumers
The Canadian Lenders Association wants the federal government to pause any changes they are planning to the maximum allowable rate of interest because millions of Canadians, many of which are non-prime, could lose access to loans from regulated lenders, according to the CLA. Based on the federal government’s website, it plans to lower the Criminal…
Luxury sports cars enjoy largest percentage gain for year-end segment sales
With the overall market up 175,000 units in 2023 (based on data from reporting OEMs), most vehicle segments are enjoying an increase in sales compared to 2022 — but one in particular led the competition in year-end segment sales last year, according to DesRosiers Automotive Consultants (DAC). Canada’s highest volume segment remains the compact SUV…
Safety First
One of the most important things auto dealers should have in place is a plan to move an EV if its battery overheats so people or property aren’t in harm’s way if it catches fire or explodes. Pexels/Pixabay Electric vehicles have introduced myriad changes to the automotive industry, even before they reach the critical mass…
CarNow Joins Amazon Network
CarNow says the global Amazon network provides innovative solutions, solves technical challenges, wins deals, and delivers value to mutual customers. CarNow, a digital retailing company in the automotive industry, said it joined the Amazon Web Services Partner Network as a software partner. The network is a global community of partners that leverage programs, expertise and…