Used-vehicle prices have been falling from highs seen in March of last year, but Canadian Black Book’s 2023 Best Retained Value Awards show values in the market remain elevated. Analysis around the awards also shows a first for battery electric ... [Read More]

SCI Lease Corp. has new options for Canadian consumers looking to lease, through a new partnership with Vietnamese automaker VinFast. SCI now offers Canadians a leasing program for VinFast electric vehicles, growing the automaker’s presence in the country. VinFast already ... [Read More]

AutoTrader.ca is partnering with London Dynamics for a new online car shopping “experience” using a three-dimensional, 360-degree vehicle viewing process,  allowing shoppers to explore vehicles from every angle. The new AutoTrader Pivot tool is described as a “game-changing immersive and ... [Read More]

Canadian Black Book recently introduced Pulse, a visualization tool designed to help automotive professionals across various verticals gain insights from retail market data to power their business-critical decisions. Pulse aims to make it easier for auto professionals to drill down ... [Read More]

Safe-Guard Products’ Canadian operations has a new managing director. Quebec’s Michel Archambault is appointed to the position, bringing over 20 years of experience, nine of which were most recently spent in the auto-finance sector. Safe-Guard, which provides branded protection products ... [Read More]

There’s a new North American racing team on the horizon. The Dilawri dealership group and Rossocorso Racing, known for its role in Ferrari Challenge Europe, are teaming up to form the new team: Dilawri Rossocorsa. The new team will be ... [Read More]

Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis. “But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada. Instead, dealers are trying to ... [Read More]

Shortly after announcing its third-quarter financial results and walking through its next five-year plan, AutoCanada announced it has received approval to open a Porsche Classic & Service Centre in Windsor, Ontario. This is the first of its kind in Canada, ... [Read More]

On Wednesday, taq Automotive, a member of the SCI Group of Companies, announced a new partnership with SCI Lease Corp. to streamline the leasing process into a completely digital process. Taq said in a news release that with the new ... [Read More]

Last week, prices dropped by 0.66% at the auto auctions in Canada, according to Canadian Black Book, which reported car segment prices dropped by 0.43%, and trucks/SUV segment prices fell by 0.89%. None of the segments CBB tracks saw values ... [Read More]