Near- and Non-Prime Consumers At Risk of Being Priced Out of the Vehicle Market, Open Lending Research Finds
Lending enablement provider releases quarterly data report on near- and non-prime automotive lending trends, potential for EV access AUSTIN, Texas–(BUSINESS WIRE)– Near- and non-prime consumers are at risk of being priced out of the automotive market entirely. Tracking these trends can help automotive lenders position themselves to serve deserving yet overlooked consumers. Key findings from […]
Hijacking Insurance Rates: MyChoice study shows auto theft spikes significantly affect insurance premiums across Ontario
Toronto, Ontario — In a recently released report, MyChoice has revealed a possible correlation between carjacking rates across Ontario and record-high insurance premiums. The company specifically looked at the carjacking rates across Ontario cities with a population size of over 100,000, and then compared this data to the monthly insurance premiums across these same cities. […]
Can You Believe This?! Dinner dates with supercars; sideways drivers and much more
Toronto, Ontario — It’s FRIDAY again! Cheers to the weekend with some chuckles, featuring sideways drivers (from Ontario, of course); hot rods that can jump for joy; strange messages from mud flaps and much, much more.
SPRING INTO ACTION
Plant the seed and watch your business sprout By ALLISON ROGERS The cliche most associated with spring— cleaning. Getting all the dust out; starting anew. Refreshing old ways of operating to try something new and fresh—who knows, maybe it’ll breathe new life into your profits. Busting out the duster to rid your production floor of […]
ATLANTIC | REGIONAL NEWS
PERMIT PROTESTS The New Democratic Party (NDP) in Nova Scotia have recently called on the government to waive fees for vehicle permit renewals as well as reconsider vehicle inspection timelines. Currently, vehicle permit renewals typically range between $150 and $300, and take place every two years depending on the type of vehicle plate. The NDP […]
QUEBEC | REGIONAL NEWS
DRIVING DEMAND Tesla’s recent decision to cut Model Y prices by $4,000 in Canada could influence car-buying decisions in Quebec, as certain trim levels of the Model Y now qualify for a combined $12,000 rebate for Quebec-based buyers. The Model Y rear-wheel drive (RWD), the base model of Tesla’s all-electric SUV, now starts at $53,990, […]
ONTARIO | REGIONAL NEWS
FRESH DRIVER FOLLIES According to a recent study made by insurance comparison website, MyChoice, the 2022 changes to Ontario’s G license driving test has resulted in a 7.8 percent rise in accidents among new drivers. In January 2022, Ontario first introduced significant alterations to the G road test in a move aimed at addressing the […]
MANITOBA | REGIONAL NEWS
SATVIR SERVING AS CEO The Manitoba Public Insurance (MPI) Board of Directors have selected Satvir Jatana as the corporation’s new president and Chief Executive Officer (CEO). Jatana currently serves as MPI’s vice president and chief customer officer, where she oversees product development, communications, government relations and efforts to expand the gathering and utilization of customer […]
SASKATCHEWAN | REGIONAL NEWS
NOW SERVING SASKATCHEWAN Fix Auto Canada has proudly extended its footprint into Saskatchewan with the inauguration of Fix Auto Saskatoon East. Gurveer Randev, an avid automotive enthusiast and owner of several Fix Auto shops in Calgary since 2019, is at the helm of Fix Auto Saskatoon East. According to a recent press release celebrating the […]
ALBERTA | REGIONAL NEWS
SUBSIDY SCANDAL The Insurance Bureau of Canada (IBC) reports that Alberta’s ‘good’ drivers are being forced to pay auto insurance premiums to subsidize high-risk drivers. Using data from a Deloitte LLP report, the IBC has said that it discovered that the province’s worst drivers have been offered subsidized insurance rates for 20 years. Notably, the […]
