The Canadian Automobile Dealers Association (CADA) is calling for increased government support and relief from automakers and banks amid expectations that new-vehicle sales will plummet during the coronavirus pandemic.
“We are in close contact with Canadian banking institutions, captive finance companies and OEMs in order to advocate for immediate relief on floor plans, mortgages and inventories,” CADA Chairman Mike Stollery wrote in a Thursday night letter to members.
The call for action comes as Canadian auto dealers adjust to new realities in the face of the coronavirus outbreak, as some provinces force non-essential businesses to close and as consumers stay home.
CADA — like their counterparts in the U.S. — has advocated for auto dealers to be designated as essential businesses, saying auto repair and parts service are critical to ensuring the health of the country’s transportation infrastructure. New-vehicle sales, however, are expected to plummet in the coming…