Canadian wholesale market decline slows in 2024’s final week
Thursday, Jan. 2, 2025, 10:57 AM
Big drop in Canadian wholesale vehicle prices as year comes to close
Thursday, Dec. 12, 2024, 10:55 AM
AutoTrader data shows shift toward economy in Canadians’ vehicle choices
Tuesday, Dec. 10, 2024, 11:59 AM
Canadian wholesale values hold strong; government pauses iZEV program
Friday, Jan. 24, 2025, 12:20 PM
Auto Remarketing Canada Staff
The week ending Jan. 18 was a relatively strong one for Canadian wholesale used-vehicle values. The overall market was down just 0.17% for the week, according to Canadian Black Book’s weekly Market Insights report, with seven of the 22 segments ... [Read More]
Montreal-based Holand acquires Romania’s only Ferrari dealership
Wednesday, Jan. 22, 2025, 11:54 AM
Auto Remarketing Canada Staff
Holand Automotive Group is headed for Europe — with forza. The Montreal-based luxury dealership group has acquired Forza Rossa, Romania’s only Ferrari dealership, located in that nation’s capital of Bucharest. The acquisition is the first venture into the European market ... [Read More]
Toyota earns title of Canada’s Most Trusted Car Brand in AutoTrader Awards
Tuesday, Jan. 21, 2025, 09:26 AM
Auto Remarketing Canada Staff
What’s the most trusted vehicle in Canada? According to AutoTrader, it’s a Toyota. The Japanese automaker claimed six of the 28 categories in the annual AutoTrader Awards, including the award for Canada’s Most Trusted Car Brand. Toyota’s vehicle segment winners ... [Read More]
Same old story: Toyota, Lexus rule J.D. Power’s Canadian Residual Value Awards
Tuesday, Jan. 21, 2025, 09:19 AM
Auto Remarketing Canada Staff
There’s nothing new about the two top brands when it comes to residual value. Toyota was named the top mass market brand for the sixth consecutive year and Lexus took the premium brand award for the fifth year in a ... [Read More]
Canadian wholesale market decline picks up speed after 3 weeks of slower pace
Thursday, Jan. 16, 2025, 11:01 AM
Auto Remarketing Canada Staff
The decline in Canadian used-vehicle wholesale prices picked up pace in the first full week of the new year. Canadian Black Book’s weekly Market Insights report showed the wholesale market fell 0.48% for the week ending Jan. 11, ending a ... [Read More]
Canadian EV owners ready to buy another despite public charging issues, survey finds
Thursday, Jan. 16, 2025, 10:59 AM
Auto Remarketing Canada Staff
Canadian electric vehicle owners are not happy with the availability of reliable and convenient public charging — but that won’t stop them from buying another EV, according to a new study from the Canadian Automobile Association. The survey of more ... [Read More]
EV merchandising startup Lyteflo receives $3 million in seed funding
Wednesday, Jan. 15, 2025, 03:06 PM
Auto Remarketing Canada Staff
Lyteflo’s seed has been planted. The new electric vehicle merchandising provider is has closed on $3 million in seed funding in an oversubscribed round led by Diagram, with participation from fellow Canadian venture capital firms Whitecap Venture Partners and Amplify ... [Read More]
CBB monthly index drops for first time since June
Thursday, Jan. 9, 2025, 10:33 AM
Auto Remarketing Canada Staff
For the first time in six months, prices in the Canadian wholesale vehicle market dipped. Canadian Black Book’s Used Vehicle Retention Index dropped to 135.7 in December, down 0.4% from 136.2 the previous month — ending a string of five ... [Read More]
OpenRoad to celebrate 25th anniversary with 25 grants to charitable organizations
Tuesday, Jan. 7, 2025, 10:32 AM
Auto Remarketing Canada Staff
OpenRoad Group is celebrating its 25th anniversary by giving. OpenRoad Foundation, the dealership group’s philanthropic arm, announced the launch of its 25 in 25 grant initiative for 2025, which will award 25 grants of $25,000 each – a total of ... [Read More]