Canadian auto dealer Senior Editor Todd Phillips interviews Doug Stephens, futurist and retail industry expert, about his upcoming keynote at the 2024 CADA Summit. Stephens will talk about the forces of change impacting the retail and automotive industries, with a particular focus on machine learning and artificial intelligence. Stephens, a best-selling author and highly sought after speaker, will share his insights on how organizations need to understand, embrace, and master these new technologies, rather than fear them. The CADA Summit is being held Feb. 14, 2024, in Toronto, Ont. and is sponsored exclusively by TD Auto Finance.
Ottawa-based subprime lender OCM increases fund size to $100M
The OCM Auto Financing Group, an Ottawa-based subprime automotive lender, increased its fund size to $100 million, the company announced in April. That increase comes thanks to funds received from accredited investors through a series of debenture offerings, and from …
EU to import 1.2M BEVs from China in 2023, a worrisome situation for OEMs
A recent report from ABI Research found that the European Union will import 1.2 million Chinese-made battery electric vehicles from the East Asian country this year, balancing both threat and opportunity for European automakers. These vehicles will make up 12 …
Notable disparities between provinces for July new light vehicle sales
New light vehicles sales in July revealed some notable disparities between provinces while June showed a somewhat more balanced split, according to DesRosiers Automotive Consultants (DAC). Last month, six provinces enjoyed sales increases and four experienced declines. British Columbia and …
Distribution Stox wraps up agreement to acquire Techno Pneu
Distribution Stox has concluded its agreement in principle to acquire the passenger car and light truck distribution division of Techno Pneu for the Bas St-Laurent and Gaspésie regions in Québec. The transaction is expected to close on June 14. The …
Honda adopts Tesla’s NACS; prepares to launch EV model in 2025 with new port
Honda announced on September 7 that it will adopt Tesla’s North American Charging Standard (NACS) for electric vehicle models set to go on sale in 2025 in North America. The Japanese OEM is not the first to announce that it …
Genesis London first auto retailer to receive In Partnership with Forbes Travel Guide recognition
Hass Hijazi, General Managing Partner with Genesis London, is used to being first. At a special ceremony Thursday in London, Ont., Hijazi became the leader of the first automotive retailer in the world to be formally honoured as meeting the …