Sym-Tech partners with AMT Warranty
Thursday, Oct. 8, 2015, 03:04 PM
Auto Remarketing Canada Staff
F&I product company Sym-Tech announced a partnership that will add significant insurance services and “financial backing” to the company. Sym-Tech Dealer Services recently announced that AmTrust Financial Services Inc. — through its subsidiary AMT Warranty — has partnered with Sym-Tech ... [Read More]
Dealertrack buy a ‘real positive’ for Cox Auto Canada
Thursday, Oct. 8, 2015, 02:45 PM
Joe Overby, Staff Writer
About four-and-a-half months ago, Cox Automotive announced a new position dedicated specifically to head up its Canadian operations, hiring former Kia executive Maria Soklis for the role. When Soklis was named president of Cox Automotive Canada on May 19, Joe George ... [Read More]
Stop sale & delivery for certain Mazda3 models
Thursday, Oct. 8, 2015, 01:37 PM
Auto Remarketing Canada Staff
Mazda Motor Corp. is calling for the stop sale and stop delivery for certain Mazda3 models. The company is launching a Safety and Emission Recall Campaign for certain 2015-2016 Mazda3 vehicles — built from May 21 through Aug. 23 of ... [Read More]
CADA asks feds to cut taxes & ‘red tape’
Wednesday, Oct. 7, 2015, 03:28 PM
Auto Remarketing Canada Staff
Dealers are calling for the Canadian government to focus on creating an environment for dealerships and small businesses to prosper. The Canadian Automobile Dealers Association — representing 3,300 franchised dealers — launched its election campaign platform on Monday, which focuses ... [Read More]
Industrial Alliance purchases CTL Corp.
Monday, Oct. 5, 2015, 04:15 PM
Auto Remarketing Canada Staff
A major move in consumer vehicle finance was announced today. Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) have entered into an agreement to acquire Ontario-based CTL Corp. CTL Corp. is the largest privately-owned consumer vehicle finance company ... [Read More]
Cox Automotive Canada grows presence in West
Monday, Oct. 5, 2015, 02:23 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Cox Automotive Canada is broadening its offerings in Western Canada as Manheim Vancouver is set to host its first dealer sale this week. To meet customer demand for an expanded presence in the West, the company said, Manheim Vancouver will be ... [Read More]
September marks strong month for Canadian CPO sales
Friday, Oct. 2, 2015, 02:12 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Every brand reporting CPO results to Auto Remarketing Canada enjoyed certified sales lifts last month, with two automakers securing records. Subaru Canada notched an all-time record month in September, selling 189 CPO vehicles, compared to the 39 that were delivered ... [Read More]
Canada, EPA plan to assess other diesel vehicles
Thursday, Oct. 1, 2015, 03:23 PM
Auto Remarketing Canada Staff
The VW emissions scandal — or Dieselgate, as the public has dubbed it — continues to unfold, as the automaker reported a shift in leadership last week and continues to be hounded by regulators across the globe. For example, on ... [Read More]
AutoCanada to acquire Alberta’s Grove Dodge
Thursday, Oct. 1, 2015, 02:32 PM
Auto Remarketing Canada Staff
AutoCanada Inc. announced earlier this week that it has reached an agreement to acquire the operating assets of a Chrysler Dodge Jeep Ram dealership in Spruce Grove, Alberta. The dealership, Grove Dodge Chrysler Jeep Ltd., otherwise known as Grove Dodge, ... [Read More]
Auction prices still rising; relief in sight?
Thursday, Oct. 1, 2015, 02:28 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
The number of quality used vehicles at auction hasn’t expanded much this year, and initial positive forecasts for loosening supply in 2015 have been proven wrong. Consequently, prices at auction are still on the way up. That said, residual reports ... [Read More]