Mazda Canada launches 3-year, $420K investment for youth empowerment, education
Tuesday, Feb. 27, 2024, 10:47 AM
Auto Remarketing Canada Staff
Mazda Canada entered two long-term partnerships with organizations focused on youth education and empowerment this week. The company is equally investing $420,000 over the course of three years to Indspire and Pathways to Education — both which are leaders in ... [Read More]
CBB, AutoCorp.ai partnership makes trade-in process easier for dealers, consumers
Tuesday, Feb. 27, 2024, 10:30 AM
Auto Remarketing Canada Staff
Canadian Black Book is ramping up its presence in the fintech space through a new partnership with Autocorp.ai. CBB’s integration on the Autocorp.ai platform is designed to make the online car buying and trade-in process more efficient for consumers and ... [Read More]
CARFAX Canada launches OEM CPO badge to help automakers ‘distinguish’ certified vehicles
Thursday, Feb. 22, 2024, 10:00 AM
Auto Remarketing Canada Staff
Automakers and dealerships in Canada now have another option to make their certified pre-owned vehicles stand out on history reports. CARFAX Canada has debuted a Certified Pre-Owned badge on its vehicle history reports that is designed to help its OEM ... [Read More]
Axis, looking to ‘maximize’ shareholder value, begins review of strategic alternatives
Thursday, Feb. 22, 2024, 09:39 AM
Auto Remarketing Canada Staff
Axis Auto Finance is looking to maximize shareholder value for its investors. It initiated a review of strategic alternatives to do just that, also forming a special committee of independent directors, announced last week. In response to growing interest, the ... [Read More]
Annual AutoTrader awards show Toyota as frontrunner for consumer trust
Tuesday, Feb. 20, 2024, 12:11 PM
Auto Remarketing Canada Staff
The 2024 AutoTrader Awards, which celebrate some of the “best vehicles for Canadians,” honored five Grand Prix winners this year for the country’s most-trusted vehicles. That’s according to some of the country’s leading auto experts, as well as Canadian car ... [Read More]
Wholesale Express under new ownership; co-founder to return to assist in expansion
Tuesday, Feb. 20, 2024, 12:02 PM
Auto Remarketing Canada Staff
Wholesale Express is under new ownership — and set to expand its Eastern Canada business further across the country. The wholesale auto sales site for dealers has been purchased by an investor group made up of management and AshMark, and ... [Read More]
CARFAX Canada names Shawn Vording as next president
Thursday, Feb. 15, 2024, 10:52 AM
Auto Remarketing Canada Staff
CARFAX Canada will soon have a new leader at the helm. Shawn Vording will become the vehicle history report company’s new president, effective March 1. Vording most recently served as vice president of product and sales. Vording brings along 15 ... [Read More]
CBB’s 2024 Best Residual Value Awards shows interest in cars growing amid ‘cooling’ vehicle market
Thursday, Feb. 15, 2024, 09:20 AM
Sarah Rubenoff, Correspondent
Although the snow is still falling with weeks of winter ahead, residual value trends are showing that consumer interest for cars and smaller vehicles is growing in Canada. The results of Canadian Black Book’s 2024 Best Residual Value Awards illustrated ... [Read More]
Wholesale vehicle depreciation in Canada picks up last week
Tuesday, Feb. 13, 2024, 10:53 AM
Auto Remarketing Editor Joe Overby
Wholesale vehicle depreciation gained a bit of steam in Canada last week, with prices falling by an average of 0.70%, according to the latest Canadian Black Book weekly report. Car segments once again saw larger declines, with a drop 0f ... [Read More]
Government of Canada announces new federal investments on eve of Summit to combat auto theft
Thursday, Feb. 8, 2024, 12:01 PM
Auto Remarketing Canada Staff
The day before Prime Minister Justin Trudeau was set to deliver remarks to open the National Summit on Combating Auto Theft, the government of Canada announced a variety of federal investments to stop export of stolen vehicles. On Tuesday, Dominic ... [Read More]