Canadian Black Book used vehicle index remains in holding pattern
Friday, Nov. 15, 2024, 09:45 AM
Auto Remarketing Canada Staff
When it comes to the Canadian wholesale vehicle market, all is calm. For the third month in a row Canadian Black Book’s Used Vehicle Retention Index did not move in October, standing at 136.0 points — same as it was ... [Read More]
Autocorp.ai ‘declares war’ on fraud with launch of ID verification tool
Thursday, Nov. 14, 2024, 10:23 AM
Auto Remarketing Canada Staff
Autocorp.ai has unveiled a new weapon in the war against fraud. The Ottawa-based automotive retail technology provider announced the launch of AVA ID Verified, an identity verification system created to “wage war against the rising tide of fraud targeting dealerships,” ... [Read More]
SCI Lease Corp to offer leases on Lucid EVs
Thursday, Nov. 14, 2024, 10:08 AM
Auto Remarketing Canada Staff
Canadian automotive leasing company SCI Lease Corp has joined with California-based electric vehicle manufacturer Lucid in a partnership designed to give Canadian drivers access to “flexible, transparent and competitive leasing options” for the Lucid Air. “We are excited to add ... [Read More]
Overall drop in wholesale vehicle values not quite as steep, but declines widespread across segments
Tuesday, Nov. 12, 2024, 10:24 AM
Auto Remarketing Canada Staff
For the most part, it was a week of price declines across the board in the Canadian wholesale vehicle market, with one segment bucking the trend. The overall drop in prices wasn’t quite as steep as the prior week’s, at ... [Read More]
Toyota leads the way in CBB Best Retained Value Awards
Tuesday, Oct. 29, 2024, 10:26 AM
Auto Remarketing Canada Staff
Toyota, led by its wildly popular Tacoma small pickup, was again the big winner in Canadian Black Book’s annual Best Retained Value Awards. The Japanese automaker claimed a total of seven of the 2024 awards, the most of any brand, ... [Read More]
Dealer group becomes car wash franchisee with aggressive expansion plans
Monday, Oct. 28, 2024, 03:14 PM
Alysha Webb, Correspondent
OpenRoad Dealership Group is going into the car wash business through its OpenShine division. And while OpenShine is starting as a franchisee of an American car wash brand, you may see OpenShine-brand car washes in Canada one day, Christian Tjia, ... [Read More]
Dealership basking in pre-owned luxury
Thursday, Oct. 24, 2024, 10:44 AM
Daryl Lubinsky, Correspondent
Azar Allasvandi said her brother, Sia Allasvandi, started a luxury used-car dealership because of the variety involved. “He wanted to be able to get his hands on different cars, BMW, Volkswagen … he didn’t want to do just one,” Azar ... [Read More]