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 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]

NewCarSellOff.com may not be a brand new site — first launched in 2012 — but it’s back with a new look and a few new tools to benefit dealers, says Rick Balkan, chief executive officer and president of the third-party ... [Read More]

May’s new-car market notched a Canadian record, posting a new monthly sales record last month. The Canadian Automobile Dealers Association reported more than 195,000 new cars and trucks were sold across Canada last month. This number represents the best sales ... [Read More]

Last summer, Kia Canada Inc. announced a new online tool for dealers, feet and rental partners that has made acquiring used and certified pre-owned vehicles a bit easier. More specifically, Kia said in July that it had partnered with Web-based ... [Read More]

Quebec’s Mercedes-Benz Rive-Sud broke grown on a new larger dealership facility at the same location that has been home to the store for more than 50 years. Tim Reuss, president and chief executive officer of Mercedes-Benz Canada, along with company ... [Read More]

Carfax is ramping up their presence in Canada, with a redesigned vehicle history report for Canadian dealers as well as a subscription-based offering. Now, Canadian dealers can enjoy similar benefits to those U.S. dealers have been enjoying since 2011, through ... [Read More]

AutoCanada announced today it has chosen a new chief financial officer. Christopher Burrows has been picked  for the position. Effective Sept. 1, Burrows will assume the role of vice president and CFO. As part of the transition, Jeff Christie, VP ... [Read More]

AutoCanada announced Thursday it will be buying up more dealerships than expected over the next year — and the company will be expanding under the same leadership. The dealership group provided an update on acquisition guidance as well as announcing ... [Read More]

As the buying and selling of vehicles becomes more of a digital process, the lines between wholesaler, retailer and consumer continue to blur. Cheryl Munce, chief executive consultant at ALTESO Inc. and panelist at the 2014 Auto Remarketing Canada conference, ... [Read More]