GM Canada to Recall Over 57K Vehicles
Thursday, Jul. 3, 2014, 02:25 PM
Auto Remarketing Canada Staff
After recalling 187,000 units the week before, General Motors Canada announced late last week yet another safety issue involving air bag inflators – bringing the recall count closer to 50 this year for the GM automaker. The most recent recall ... [Read More]
Canadian Dealers Satisfied With Lender Relationships
Thursday, Jul. 3, 2014, 02:17 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Canadian dealer satisfaction with finance providers remains elevated, though rates have fallen from record levels seen last year. That’s according to the results from the 2014 J.D Power 2014 Canadian Dealer Financing Satisfaction study — which takes a look at ... [Read More]
Auto Finance Roundup: News From Scotiabank & Carfinco
Thursday, Jul. 3, 2014, 01:58 PM
Auto Remarketing Canada Staff
Scotiabank revealed today a replacement for Ron Porter, who recently retired from the company. Kevin Teslyk has been named as the company’s new senior vice president of automotive finance. Teslyk will be responsible for heading up the strategic direction of ... [Read More]
Dealers File Suit Against GM Canada & Parent Co.
Monday, Jun. 30, 2014, 02:02 PM
Auto Remarketing Canada Staff
After upwards of 40 recalls this spring and a class action lawsuit launched against the company in April, a group of prominent GM Canada dealers is suing the company and its parent General Motors Co. Adria MacKenzie, corporate communications manager ... [Read More]
CarProof Finds 37% of Canadian Used Vehicles Have a Lien
Thursday, Jun. 26, 2014, 02:07 PM
Auto Remarketing Canada Staff
In news relevant to both dealers and consumers, CarProof data reveals that more than one-third of the vehicles have a lien, or security for debt owing. The company shared, interestingly, this is a fact that most Canadians are “largely unaware ... [Read More]
Auto Remarketing Canada Needs Your Consent
Thursday, Jun. 26, 2014, 01:56 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
If you count on Auto Remarketing Canada's news from the pre-owned auto industry hitting your inbox every week, take note! There is one step you will need to take to ensure you keep receiving the e-newsletter and digital magazine after ... [Read More]
OMVIC Warns Dealers $9,998 Car Ads Can Be ‘Misleading’
Monday, Jun. 23, 2014, 06:04 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Concern that advertisements for new cars under $10,000 may be misleading for consumers prompted The Ontario Motor Vehicle Industry Council — which enforces the province’s Motor Vehicle Dealer Act and Regulations — to issue an open letter to Ontario’s dealers ... [Read More]
GM Canada to Modify or Replace Keys On Over 187K Units
Thursday, Jun. 19, 2014, 02:00 PM
Auto Remarketing Canada Staff
General Motors Canada announced this week yet another recall for the GM brand, bringing the company’s total count for the year closer toward 50. In the company’s 44th recall this year — General Motors will rework or replace the ignition ... [Read More]
Wholesale Prices Push Down in May
Thursday, Jun. 19, 2014, 01:53 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Though wholesale prices remain elevated, rates were on the way down in the lanes this past month. In May, the Manheim Canada Used Vehicle Value Index was down four points from April to sit at 98.9. Though rates are falling ... [Read More]
AutoCanada Adds 7 Stores to Lineup
Thursday, Jun. 19, 2014, 01:42 PM
Auto Remarketing Canada Staff
AutoCanada announced this week it has purchased six dealerships from the Hyatt Automotive Group as well as a new Chrysler store in Saskatoon, Saskatchewan. They Hyatt acquisition includes Infiniti, Nissan, Volkswagen, Mitsubishi stores and two Hyundai dealerships, all of which ... [Read More]