Wholesale vehicle prices fell by over 1% last week, according to the latest weekly report from Canadian Black Book. Specifically, the overall decline in prices was 1.06%, with the car segments showing slightly weaker depreciation, falling by 0.67%, while trucks ... [Read More]

Hyundai Canada, CDK Global, Hyundai Capital Canada and PBS Systems joined forces to fight homelessness in Canada as 2023 wrapped up. The four companies raised over $15,000 through the annual Hockey Helps the Homeless tournament. This money will go to ... [Read More]

As 2023 wrapped up, Tesla took a bit of a hit, with a recall announced that covered almost all new vehicles sold in the U.S., as well as over 200,000 in Canada. According to Transport Canada, in certain circumstances when Autosteer, Tesla’s autopilot feature, is engaged, the prominence and scope of the feature’s controls may not be sufficient to prevent driver misuse of the advanced driver-assistance feature. Auto Remarketing Canada reached out to Daniel Ross, senior manager, industry insights and residual value strategy at Canadian Black Book, to get more insight into the road Tesla is on, and whether their niche market is reacting to recent red flags from the automaker. One of the most recent, of course, is the 2023 sweeping recall. Interestingly, Ross said although he doesn’t see the recall as ... [Read More]

2024 is kicking off after a month of continued wholesale price declines. According to the Canadian Black Book Used-Vehicle Retention Index, prices in Canada fell by an average of 2.3% in December. Declines in value continued at the quickest sustained ... [Read More]

iA Financial Group has invested $25 million into AutoCanada’s new F&I online business on Kijiji’s marketplace. This investment gives iA Financial Group a 10% equity interest in the business unit that will sell finance, insurance and warranty products to buyers ... [Read More]

During the last week of 2023, prices remained fairly steady in the auto auction lanes, with an average decline of 0.55%, according to the latest weekly report from Canadian Black Book. That said, none of the 22 segments that CBB ... [Read More]

It’s the end of an era as historic Canadian auto auction Manheim Toronto completed its last sale as 2023 wrapped up. With OPENLANE’s recent purchase of Manheim Canada, the long-standing Toronto auction has closed, as Manheim plans to exit Canada.  Auto Remarketing Canada spoke with auto auction industry veteran Brad Hart to get a sense of the history of Manheim Toronto ... [Read More]

There’s a new electric vehicle availability standard in Canada. Proponents contend it will give Canadians better access to more affordable cars and cleaner air. The standard, announced shortly before the Christmas holiday, is in place to move the country toward ... [Read More]

The OpenRoad Foundation, which is the philanthropic arm of the OpenRoad Group of car dealerships, has donated another $100,000 to Canadian charities, bringing the total donated in its inaugural year to more than $225,000, the group announced last month. The ... [Read More]

Tesla’s autopilot features are in question after significant recalls hit the U.S. and Canada this past week. According to recall information from both the National Highway Traffic Safety Administration and Transport Canada, the respective U.S. and Canadian auto regulators,  Tesla ... [Read More]