Leasing down in Canada |  Automotive News Canada

Leasing down in Canada | Automotive News Canada

“Factory help when it comes to leasing has definitely come down,” she said. “And even when they throw something at you, it’s not enough to change the customer’s mind.” IT DEPENDS ON INTEREST RATES But while cash and financing customers might come into the dealership less often, Zanchin isn’t concerned that lower lease penetration rates…

Tesla dangles cash bonus on top models

Tesla dangles cash bonus on top models

Tesla rolled out a new incentive globally allowing buyers to earn extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales. The cash rebates are applicable in markets including the US, ChinaCanada, the UK, France and Germany, according to Tesla’s regional websites on Friday. The incentive, which Tesla…

Toyota shareholders back board, support Akio Toyoda

Toyota shareholders back board, support Akio Toyoda

Toyota had become a target for activists and green investors who considered it slow to roll out EVs. Still, EVs are just one element in Toyota’s multi-pathway approach to carbon neutrality that includes gasoline-electric hybrids and hydrogen fuel cells. The Japanese company has said its approach is more effective in reducing carbon emissions and more…

Group 1 CEO views some car dealerships as overpriced

Group 1 CEO views some car dealerships as overpriced

Group 1 Automotive Inc. is calling out some dealership sellers who it believes are pricing their businesses unrealistically high. “There is a certain portion of sellers that have unrealistic expectations,” Group 1 Automotive CEO Daryl Kenningham said during the company’s first-quarter earnings call last week. “I always like to tell people, we will never win…

Musk is willing to bet Tesla profit margins on autonomous cars

Musk is willing to bet Tesla profit margins on autonomous cars

The dream of a truly self-driving car has animated the auto industry for years, and Tesla’s CEO has been one of its loudest proponents. But the company has yet to deliver on the promises of robotaxis dominating the roads. Tesla offers a system it calls Full Self-Driving that, contrary to its name, merely assists human…

Renault’s Alpine Brand Is Developing Two Electric Crossovers for the US

Renault’s Alpine Brand Is Developing Two Electric Crossovers for the US

Alpine Developing Two Crossovers for the USGREG PAJO Renault performance sub-brand Alpine is developing two electric crossovers for the United States market, the company’s CEO confirmed Thursday. Alpine boss Laurent Rossi told journalists on a roundtable phone call the “US is the main destination for these cars,” reports Automotive News. The first will be a…

THE UNOBVIOUS ONES: Getting BMW’s programs fit for Canada

THE UNOBVIOUS ONES: Getting BMW’s programs fit for Canada

The Unobvious Ones is a monthly look at movers and shakers who fly below the radar in the Canadian auto industry. TRACY BULMER WORKING WITH DEALERS TO TAILOR PROGRAMS TO CANADA Looking after customers isn’t just about the sale. There’s also aftersales, warranty and technical support. At BMW Group Canada’s head office in Richmond Hill,…