Canada’s new EV availability standard set; industry begins to respond
Tuesday, Jan. 2, 2024, 11:16 AM
Auto Remarketing Canada Staff
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]
OpenRoad brings donation total to over $225K in inaugural year
Tuesday, Jan. 2, 2024, 11:02 AM
Auto Remarketing Canada Staff
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 recall impacts 2M vehicles in the U.S.; almost 200K in Canada
Friday, Dec. 15, 2023, 11:51 AM
Auto Remarketing Canada Staff
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]
Policaro Group donates $1M since 2018 to help children with heart conditions
Thursday, Dec. 14, 2023, 11:01 AM
Auto Remarketing Canada Staff
Canada’s Policaro Group has donated over $1 million to help children with heart conditions since 2018. The donation to the SickKids Foundation was made through the dealer group’s philanthropic arm, The Policaro Foundation. This donation is the next step in ... [Read More]
2 well-known dealers bringing INEOS’ off-road Grenadier to Canada
Thursday, Dec. 14, 2023, 09:56 AM
Auto Remarketing Canada Staff
With almost 9,000 orders for the Grenadier already locked and loaded throughout North America, the electric SUV is coming to Canada in the first quarter of 2024. INEOS Automotive recently revealed its choices for the first two Canadian dealers to ... [Read More]
Wholesale vehicle price depreciation higher than historic averages for season
Wednesday, Dec. 13, 2023, 10:48 AM
Auto Remarketing Canada Staff
Wholesale vehicle prices in Canada continued to fall last week, but the drastic declines of the week prior evened out a bit. According to Canadian Black Book data, wholesale prices fell by 0.96% overall. Cars fell by just 0.46%, while ... [Read More]
Canadian car shoppers looking for their favorite ride, but will settle on ‘practical’
Tuesday, Dec. 12, 2023, 11:01 AM
Auto Remarketing Canada Staff
AutoTrader’s Top Vehicles of 2023 research shows that Canadian car shoppers are still optimistic, reflected by search rates for luxury vehicles. However, actual completed transactions show a preference for utility. This year, Canadians were plagued by high cost-of-living and vehicle ... [Read More]
Fisker adds 2 new executives for Canada, US
Tuesday, Dec. 12, 2023, 10:46 AM
Auto Remarketing Canada Staff
Electric vehicle maker Fisker is ramping up its North American executive team, adding leaders in its Canadian and U.S. operations. Wolfgang Hoffmann is the new country manager for Canada, and Amira Aly has joined as vice president of sales, for ... [Read More]
VinFast drivers now have access to FLO’s EV charging network
Thursday, Dec. 7, 2023, 09:58 AM
Auto Remarketing Canada Staff
Drivers of VinFast vehicles in Canada now have another option for charging solutions. Electric vehicle charging company FLO is now equipped to provide charging services for Canadian drivers with VinFast EVs, and gives them access through FLO’s network of public ... [Read More]
Wholesale vehicle prices in Canada show largest drop of 2023, fall over 6 times historical average
Thursday, Dec. 7, 2023, 09:47 AM
Auto Remarketing Canada Staff
Wholesale vehicle price declines in Canada accelerated last week, with the larger segments seeing an over 3% drop. According to Canadian Black Book weekly wholesale data, prices fell for the week by an average of 1.56%. Cars were down by ... [Read More]