Syngrafii’s e-signature platform integrates Trulioo identity document verification
Thursday, Nov. 30, 2023, 09:39 AM
Auto Remarketing Canada Staff
E-signature solutions company Syngrafii is working to ramp up its identity verification capabilities and provide their customers more ease in the process through a new partnership with Trulioo identify document verification. Trulioo’s identity document verification tool is now integrated into ... [Read More]
Depreciation in used-car prices slows down last week
Thursday, Nov. 30, 2023, 09:23 AM
Auto Remarketing Canada Staff
Wholesale vehicles price drops lessened a bit last week, with an average decline of 0.38%, says Canadian Black Book. CBB data shows car segment prices dropped by 0.23%, while pickups and SUVs prices fell 0.53%. This continues a trend of ... [Read More]
Audi Canada president adds VW Group Canada leadership position to title
Wednesday, Nov. 29, 2023, 01:47 PM
Auto Remarketing Canada Staff
Audi Canada president Vito Paladino has a new title to add to his LinkedIn profile as he takes on a role leading Volkswagen Group Canada, as well. Paladino, the new president and CEO of VW’s Canadian arm, will now be ... [Read More]
CBB 2023 Retained Value Awards reflect high used-vehicle values
Tuesday, Nov. 28, 2023, 10:39 AM
Auto Remarketing Canada Staff
Used-vehicle prices have been falling from highs seen in March of last year, but Canadian Black Book’s 2023 Best Retained Value Awards show values in the market remain elevated. Analysis around the awards also shows a first for battery electric ... [Read More]
SCI Lease Corp. to support leasing program for VinFast EVs in Canada
Tuesday, Nov. 28, 2023, 09:46 AM
Auto Remarketing Canada Staff
SCI Lease Corp. has new options for Canadian consumers looking to lease, through a new partnership with Vietnamese automaker VinFast. SCI now offers Canadians a leasing program for VinFast electric vehicles, growing the automaker’s presence in the country. VinFast already ... [Read More]
AutoTrader Canada’s new Pivot tool uses augmented reality to bring 3D visualization to online car shopping
Tuesday, Nov. 21, 2023, 04:52 PM
Sarah Rubenoff, Correspondent
AutoTrader.ca is partnering with London Dynamics for a new online car shopping “experience” using a three-dimensional, 360-degree vehicle viewing process, allowing shoppers to explore vehicles from every angle. The new AutoTrader Pivot tool is described as a “game-changing immersive and ... [Read More]
CBB’s new tool aims to offer big-picture view of Canadian auto inventory landscape
Tuesday, Nov. 21, 2023, 04:39 PM
Sarah Rubenoff, Correspondent
Canadian Black Book recently introduced Pulse, a visualization tool designed to help automotive professionals across various verticals gain insights from retail market data to power their business-critical decisions. Pulse aims to make it easier for auto professionals to drill down ... [Read More]
Safe-Guard Canada hires former Dealertrack executive as managing director
Tuesday, Nov. 21, 2023, 03:47 PM
Auto Remarketing Canada Staff
Safe-Guard Products’ Canadian operations has a new managing director. Quebec’s Michel Archambault is appointed to the position, bringing over 20 years of experience, nine of which were most recently spent in the auto-finance sector. Safe-Guard, which provides branded protection products ... [Read More]
Dilawri, Milan’s Rossocorso partner to create new North American racing team
Tuesday, Nov. 21, 2023, 10:14 AM
Auto Remarketing Canada Staff
There’s a new North American racing team on the horizon. The Dilawri dealership group and Rossocorso Racing, known for its role in Ferrari Challenge Europe, are teaming up to form the new team: Dilawri Rossocorsa. The new team will be ... [Read More]
Macroeconomics playing large role in wholesale environment, vehicle prices
Tuesday, Nov. 21, 2023, 09:59 AM
Sarah Rubenoff, Correspondent
Canadian Black Book is seeing a pretty poor level of sales rate in the auctions right now, and they are monitoring this data daily and adjusting values on a weekly basis.
“But if nothing's converting to an actual transaction, nothing's moving out there, and that's causing the sellers to hopefully bring down their prices. But they're kind of fixated on not doing that,” said Daniel Ross, CBB's senior manager of industry insights and residual value, in an interview with Auto Remarketing Canada.
Instead, dealers are trying to ... [Read More]