Used-car prices began falling slightly in the lanes as summer drew to a close. According to the latest RVI Market Update released this week, the RVI Used Vehicle Price Index, which measures the wholesale values of used vehicles ages 2 to ... [Read More]

Both Chrysler Group and General Motors announced more recalls this week, adding to the unprecedented list of reported issues this year. Chrysler Group is recalling an estimated 230,760 sport utility vehicles around the world —15,898 of which are in Canada ... [Read More]

Mazda De Laval was focusing on certifying vehicles in-house long before the Mazda Canada certified pre-owned program hit the market. Now, store president Richard Labelle says, the dealership capitalizes on the fledgling certified program — launched in 2012 — by ... [Read More]

The Canadian Vehicle Manufacturers' Association (CVMA) as well as the Global Automakers of Canada praised the Canadian government’s latest move to reduce vehicle greenhouse gases and smog causing emissions. The Environment Minister Leona Aglukkaq announced Monday expected amendments to Canada's ... [Read More]

Announced this afternoon another player is entering the online dealer-to-dealer auction ring. Software company XLane Holdings Inc. revealed today its new product InstantAuction. Company management says the new tool “puts the dealers in control” and offers a new level of ... [Read More]

RouteOne Canada Corp. announced its integration today with CTL Corp. — a specialty finance company serving customers looking for non-traditional credit options. The companies say this move will help dealer clients in servicing more subprime customers and provides another options ... [Read More]

TRADER Exchange — the company’s new dealer-to-dealer online auction tool — is scheduled to roll out to Ontario dealers by the end of 2014 with a national launch in 2015, and the company is already ramping up the offering to make sure ... [Read More]

Ontario dealers should, by now, be quite aware of the all-in pricing regulations enforced by the Ontario Motor Vehicle Industry Council. If not, you’ll want to be, because OMVIC is cracking down on violators of its consumer protection regulations. Just ... [Read More]

Shortly after announcing it will branch off from ADP, rebranding as CDK Global as of Oct. 1, the company formerly known as ADP Dealer Services reported it will offer a new, co-branded financing program for U.S. and Canada-based dealers. The ... [Read More]

After its chairman passed away unexpectedly last week, Banco Santander announced this morning it has entered into an agreement to acquire Carfinco Financial Group Inc. for $298 million (CDN) in cash in a deal expected to close in the fourth quarter ... [Read More]