Cion Digital has expanded into Canada, giving Canadian dealers the ability to accept cryptocurrency in car sales. Car buyers in Canada will be able to utilize cryptocurrency for payments and financing Among the first dealers in Canada to provide this ... [Read More]

In addition to reporting quarterly results this week, AutoCanada also announced the acquisition of two dealerships that expand its Ontario presence and adds the Porsche brand to its franchise portfolio. The retailer said Monday it has purchased Porsche of London ... [Read More]

Canada Drives has added a new province to its footprint: Saskatchewan. With this expansion, the online platform — which allows consumers to buy, sell and trade in vehicles — is now available in four provinces: Saskatchewan, Alberta, British Columbia and Ontario. “We’ve ... [Read More]

U.S.-based auto retailer Lithia & Driveway, which expanded into Canada last year with the purchase of Toronto’s Pfaff Automotive Partners, has increased its Canadian footprint with a purchase announced Tuesday. In the first addition to its Canadian portfolio since buying ... [Read More]

After dipping 0.23% last week, Canadian wholesale vehicle prices have now made four consecutive declines. That’s according to the latest weekly report from Canadian Black Book, which said car segments were off 0.10% last week and truck/SUV prices fell 0.36%. ... [Read More]

Untether AI, which describes itself as “the leader in at-memory computation for artificial intelligence inference acceleration,” has teamed up with General Motors to develop AI perception systems for autonomous vehicles. Emphasizing that perception systems are integral to autonomous vehicles, Untether ... [Read More]

Canadian Black Book has debuted a new awards program. In addition to its existing “Best Retained Value Awards” for automakers, CBB is launching the “Best Residual Value Awards.” The latter spotlights vehicles expected to hold the greatest value of MSRP ... [Read More]

TradeRev has a new president, parent company KAR Global said Tuesday. Taking on the role is co-founder James Tani, who will also remain in his position as executive vice president of KAR’s Canadian dealer sales team. Tani succeeds TradeRev co-founder ... [Read More]

Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s leading women in automotive each year through its Women & Automotive: Profiles in Leadership program. And we're excited ... [Read More]

Certified pre-owned vehicle sales at Mercedes-Benz Canada reached their highest-ever quarterly share of the company’s overall used-car sales, the automaker said Thursday. The company’s pre-owned division moved 3,492 used cars in the first quarter, a 9.2% year-over-year decrease. Mercedes said ... [Read More]