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Yesterday GM Canada follows Chrysler U.S.  lead and will be out of the leasing business on August 1st.

Some say it is the price of gas that is changing the car world and that is true in the US, but in Canada it may be two-fold.  With all the  car dealers bringing in used US cars and many Canadians going south, or doing comparison shopping the “real value”  of many of the leased and new cars has been discovered. 

You were gouged on the price in the first place!

Continue reading “GM Canada follows Chrysler U.S. lead.. Ford Next?”

CanWest Automobile writer David Booth “chirped” in today with an article concerning rumours of Auto Industry’s death being exagggerated. 

Continue reading “Booth - “Rumours of Auto Industry death Greatly Exaggerated””

On this rainy summer afternoon, we were browsing through this site, fixing links reading over some of the past media coverage, when we came upon Neil MacDonald’s now famous article written December 7th, 2007. 

Continue reading “Want a Cheaper Car? Sorry you’re Canadian”

 In this wild open internet world, Bill Gates has just plopped down $90.1 Million for a 5.1% stake in  “AutoNation” . We wonder if these boys are forking back dividends at 24% like one of the Canadian Dealership funds were reported on today, or are they growing the business to take out some of the “slow” movers. 

Continue reading “Does Bill Gates know that they Can’t sell to Canadians??!!”

That is a good question.  If your car breaks down in the U.S. when you are on vacation and you get it fixed do you have to report these expenses when you come back into Canada??!!

Continue reading “Are Canadians being gouged on Parts and Service Too?!”

Canada’s only publicly traded auto dealership group has been upgraded to a ”strong buy” by Analyst Andy Nasr at Raymond James.

Andy seems to think that of the 22 dealerships included in the fund , 15 are in the west, and since the western economy is still booming shares should rise to $6.00 from the current range below $4.00.    Last August the shares were trading at $12.50.

  Continue reading “AutoCanada Income Fund.. a good buy Now??!!”

RICHMOND HILL, ON, July 22 /CNW/ - Mazda Canada is reducing the
manufacturer suggested retail prices for its 2009 models. The price reductions
on the most popular vehicles range from $800 to $3,200, or 4% to 12%, compared
to the 2008 models.

Continue reading “Such a Dealllll! Is Mazda trying to pull one over on Canadians?”