AutoCanada focused on building used-car margins over immediate results in soft market
Image courtesy of AutoCanada.
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Wholesale vehicle price declines nearly triple last week
The decline in Canadian wholesale vehicle values nearly tripled last week, as average depreciation increased from 0.12% to 0.35%, according to the latest Market Insights report from Canadian Black Book. That compares to an average 0.19% decline for the same week of 2017-2019. Car segments slid particularly far, with prices down 0.41% for the week […]
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AWIN Group of Dealerships names former BMW Canada CEO as new COO
AWIN Group of Dealerships has hired a former president and CEO of BMW Group Canada as its new chief operating officer. The Vaughan, Ontario-based dealer group said earlier this month it has named Reiner Braun as its COO. Braun was most recently the president and CEO of BMW Group Latin America, following his tenure leading […]
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Dilawri opens third Kia store in Ontario
Dilawri is expanding its Kia footprint in Ontario. The dealer group, said to be Canada’s largest, said Tuesday it has opened Kia Vaughan, which is its third Kia store in the province. The Vaughan, Ontario store joins Markham Kia and 401 Dixie Kia. The two-story facilities includes 10,395 square feet of showroom space, 16 service […]
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