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Profits Growing for New Car Dealers

New car dealers in Canada are enjoying double-digit profit margins unseen since 2004, according to statistics compiled by DesRosiers Automotive Consultants and Seguin Advisory Services. "Last year was a great year for new vehicle dealer profitability," said Dennis DesRosiers, Toronto auto industry analyst. Total net profits across the entire new...

Not Many of these in the Junk Yard – Porsche

Porsche has sold a Cayenne diesel in Europe since early 2009 and it may be coming to Canada, too. “We are definitely thinking about diesels,” says Porsche Canada spokesman Laurance Yap in an e-mail. “Canada would love to have the Cayenne diesel (it could probably add a couple hundred units...

Indy Car Ready for the Junkyard

It was a bittersweet trip home for Firestone Indy Lights driver James Hinchcliffe. The Toronto native, who grew up watching the city’s annual Indy race, lost his iPhone on Friday. On Saturday he posted the second-fasted qualification lap and ensured a view of the leader at the start Sunday’s Toronto...