Porsche Cars opens 18th Porsche Centre in Canada

AuSM Canada Staff

Porsche Cars Canada recently announced the opening of Porsche Centre Kelowna, the company’s 18th Porsche Centre in Canada and fourth in British Columbia. Porsche Centre Kelowna has over 22,000 square feet of floor space and features a nine-vehicle showroom, a customer delivery area, a six-bay... Read More

HGregoire adds 2 Nissan dealerships

AuSM Canada Staff

HGregoire officially opened two new Nissan dealerships in Quebec this week, raising its new-car dealer count to seven. The group also owns 12 stores that specialize in pre-owned Nissans. The new Nissan stores added to its lineup are HGregoire Nissan Vimont, and HGregoire Nissan Chomedey, both of which are located... Read More

Joe Overby, Senior Editor

The used-car operations of AutoCanada showed softness in the second quarter, but the dealer group showed some overall lifts in its quarter results, including gains in total revenue and gross profits. AutoCanada said in its latest earnings release that it retailed 5,061 used vehicles in the second quarter, which was a... Read More

AuSM Canada Staff

Canadian consumers continue to take on more debt to take delivery of the vehicle they want. According to TransUnion’s Canada Industry Insights Report released this week, the average outstanding balance on a contract rose during the second quarter by 2.57 percent year-over-year, leaving the figure at... Read More

AuSM Canada Staff

TSI Auto Solutions recently announced the company has named a new director to lead its Dealer Solutions division. Chosen for the position is Geoff Helby, who most recently led the Canadian arm of ALG. As director of Dealer Solutions, Helby will be responsible for overseeing the strategic growth of TSI’s... Read More

GM to voluntarily delist stock from Toronto exchange

AuSM Canada Staff

General Motors said Wednesday its application for voluntary delisting of its common stock from the Toronto Stock Exchange in Canada has been approved. Company shares will stop trading on the TSX at close of markets on Nov. 30. The delisting will have no impact on GM’s New York Stock Exchange listing, the... Read More

AuSM Canada Staff

TradeRev has announced it will now have a physical presence in 14 ADESA auction locations after partnering with ADESA Canada to encourage dealers to use TradeRev’s mobile app before sending cars to a brick-and-mortar auction. Hands-on assistance from ADESA sales teams will be available at the auctions to help... Read More

Sarah Rubenoff , Correspondent

Corey Stone, general manager of Fairway Honda — a Steele Auto Group store —  says being part of a well-known dealer group has been very beneficial for the store. The dealership, which has been in business over 25 years, has been a part of Steele Auto for about two years now. “The biggest benefit... Read More

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