New inventory management player aims to automate VDPs
Thursday, Nov. 12, 2015, 03:13 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
One word sums it up for the team at AIM Experts, a new inventory management company that arrived on the scene in 2014: automation. Rick Balkan, president of the company that features a Web portal designed to simply online inventory ... [Read More]
CarProof announces strategic partnership with OpenRoad
Thursday, Nov. 12, 2015, 02:46 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
In a continuing effort to increase transparency in the used-car buying market as well as create new strategic partnerships for the company, CarProof announced this week it has teamed up with British Columbia’s OpenRoad Auto Group. CarProof and the fast-growing ... [Read More]
Auction prices drop ‘significantly’ for 2nd month in a row
Wednesday, Nov. 11, 2015, 07:47 PM
Auto Remarketing Canada Staff
Wholesale prices in Canada have risen almost every month this year, but the tides began turning a bit in September when prices declined by 0.6 percent. And rates took another dip this past month. After being adjusted for seasonality, the ... [Read More]
TREND Financial increases credit facility by $45M
Tuesday, Nov. 10, 2015, 08:10 PM
Auto Remarketing Canada Staff
Back in January, special financing company TREND Financial kicked off the year by signing an $81 million credit facility with Maxium Financial Services to keep up with growth — and now, the company is making way for every more expansion. TREND ... [Read More]
Porsche Canada breaks ground on new dealership, headquarters
Monday, Nov. 9, 2015, 02:37 PM
Auto Remarketing Canada Staff
Porsche Canada announced today it has broken ground on the site that will be home to a new Porsche Center as well as the company’s new headquarters. The new dealership will be the fourth greater Toronto area Porsche Center, and ... [Read More]
AutoCanada to look east for future acquisitions
Friday, Nov. 6, 2015, 05:02 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
AutoCanada Inc. announced its third quarter results late Thursday, reporting an increase in revenue and gross profit. The company also shared with the investment community that it will be turning its sites on Eastern Canada in regards to acquisitions, as ... [Read More]
3 brands cease sales of units with 3.0-litre diesel engines
Thursday, Nov. 5, 2015, 04:34 PM
Auto Remarketing Canada Staff
Canadian branches of the Volkswagen, Porsche and Audi brands have all issued stop sales in light of the unexpected U.S. Environmental Protection Agency notice received Monday. This news comes after the five companies under Volkswagen’s umbrella that are involved in ... [Read More]
Dealership, cafe, housing: all in 1 complex
Thursday, Nov. 5, 2015, 03:40 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Mixed-use developments are popular these days — think apartments over commercial properties such as cafes and restaurants. But, add automotive dealerships to the mix, and you have Downtown Automotive Group’s new project in the works: Riverside Square. The new development, ... [Read More]
CarProof, AARA launch full-scale partnership
Wednesday, Nov. 4, 2015, 03:40 PM
Auto Remarketing Canada Staff
With two months of pilot experience under their belts, the Association of Alberta Registry Agents (AARA) has announced the full-scale launch of its partnership with CarProof to provide free vehicle history reports. The free vehicle reports, which CarProof says are ... [Read More]
Automakers reporting CPO sales spikes to start Q4
Tuesday, Nov. 3, 2015, 08:06 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
CPO sales in Canada are off to a quick start in Q4, with three automakers notching October records and all brands reporting sales increases for their respective certified programs. First up, Subaru Canada has notched another record month for CPO ... [Read More]