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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

Environment Canada announces VW investigation

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Sarah Rubenoff, Auto Remarketing Canada Editor
Less than a week after the U.S. Environmental Protection Agency issued a Notice of Violation of the Clean Air Act to Volkswagen, alleging five of the automaker’s diesel-powered vehicles include “defeat device” software that circumvent emissions standards, Environment Canada joined ... [Read More]

VW Canada stops sales of models involved in emissions-testing scandal

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Sarah Rubenoff, Auto Remarketing Canada Editor
The hammer is falling on Volkswagen in both the U.S. and Canada. VW Canada told its dealers yesterday to stop selling diesel-powered vehicles involved in an emissions-testing scandal that recently came to light. This statement comes just a few days ... [Read More]

Canadian demand for new credit strongest in the auto sector

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Sarah Rubenoff, Auto Remarketing Canada Editor
New data from Equifax Canada’s Q2 National Consumer Credit Trends Report showed that demand for new credit is strongest in the auto sector, and is growing everywhere except Quebec. The report also found that Canadians are still adding on debt, ... [Read More]

3rd Mercedes-Benz Canada store to open in Calgary in 2017

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Auto Remarketing Staff
On Saturday, Mercedes-Benz Canada broke ground on its third store in Calgary. The McManes Automotive Group will be continuing its expansion with the new store, Mercedes-Benz Country Hills. This store adds to a list of construction projects the auto group currently has ... [Read More]

Groupe Park Avenue partners with Jim Pattison Lease

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Auto Remarketing Canada Staff
Two huge names in the vehicle leasing business in Canada have joined forces. Groupe Park Avenue announced this week a joint venture partnership with Vancouver-based fleet management company Jim Pattison Lease. Through the new partnership Jim Pattison will become a ... [Read More]

Nearly half of Albertan used cars sold without proper condition disclosure

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Josh Hyatt, Staff Writer
As CarProof continues its province-to-province campaign to disclose the lesser-known details of used-vehicles sold in Canada, some disturbing statistics come out of Alberta. According to the company, nearly half of all used-car transactions in Alberta occur without proper disclosures. On ... [Read More]

Selectbidder announces real-time trade-in bid solution

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Josh Hyatt, Staff Writer
One auto tech company aims to make the auction a part of the trade-in process. Selectbidder officially announced today its new platform for real-time bids on dealer trade-ins, aiming to connect auctions, dealers and dealer customers in a way to ... [Read More]

Auction price movement ‘more positive’ than expected

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Auto Remarketing Canada Staff
After prices rose more than expected at auctions in July — up by 0.5 percent from June — rates in the lanes continue to rise as we approach fall. Last month, price movement was once again  “more positive than expected ... [Read More]

Scotiabank, GM offer credit card to help Canadians earn next vehicle

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Auto Remarketing Canada Staff
Scotiabank and General Motors of Canada announced today they are teaming up to help Canadians earn their next vehicle. The two companies have launched the new Scotiabank GM VISA cards, which acts as an expansion of a strategic partnership with ... [Read More]

CarProof, AARA to offer free VHRs at time of registration

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Auto Remarketing Canada Staff
CarProof Corp. and The Association of Alberta Registry Agents (AARA) have announced a new partnership that aims to provide Albertan drivers with all the information they many need regarding their vehicles. Now, in an effort to promote transparency and safety awareness, ... [Read More]

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