AutoCanada Awarded Credit Facility Increase as Expansion Continues
Wednesday, Apr. 9, 2014, 02:18 PM
Auto Remarketing Canada Staff
AutoCanada announced this week it has increased its existing syndicated credit agreement by $60 million, bringing total availability to $190 million. The facility now includes HSBC Bank Canada, Alberta Treasury Branches, and Royal Bank of Canada with HSBC acting as ... [Read More]
Ford F-150, Toyota Corolla Vie For Most Appraised Vehicle
Tuesday, Apr. 8, 2014, 01:43 PM
Auto Remarketing Canada Staff
In the March TradeTracker Used Vehicle Market Report, the Ford F-150 once again topped the list as the most appraised vehicle in Canada. The truck has come out on top every month this year so far, and of course, holds ... [Read More]
March CPO Sales See Double-Digit Spikes
Wednesday, Apr. 2, 2014, 07:59 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Though many automakers and dealers are still struggling to supply their certified pre-owned programs as quality pre-owned vehicles remain hard to find in this tight supply environment, a few European automakers have seen certified sales soar since 2014 got underway. ... [Read More]
Canadian Class Action Launched Against GM
Wednesday, Apr. 2, 2014, 02:46 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
General Motors is under fire from both Canada and the U.S. as investigation into its recalls involving ignition switch defects — which includes more than two million GM vehicles worldwide — continues. Specifically, the defect affects 235,855 vehicles in Canada, ... [Read More]
AutoCanada Adds 4th Winnipeg Dealership to Lineup
Wednesday, Apr. 2, 2014, 02:14 PM
Auto Remarketing Canada Staff
General Motors of Canada has given AutoCanada Inc. the green light on a new dealership investement, marking the company’s fourth dealership in Winnipeg. AutoCanada Inc. is expanding their dealership count with the acquisition of a Cadillac Buick GMC dealership, which ... [Read More]
Driving Business with Referrals
Monday, Mar. 31, 2014, 01:45 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
When a shopper walks on to the lot, you and your sales team start working for that potential buyer. But is that buyer working for you once he or she leaves with a new ride? James Hayes, co-founder of mobile ... [Read More]
Scenes from 2014 Auto Remarketing Canada Conference
Thursday, Mar. 27, 2014, 02:55 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Did you make the pics? Photos from the 2014 Auto Remarketing Canada conference have hit the Web. The 2014 ARC Conference wrapped up at the Westin Harbour Castle in Toronto last week with over 600 attendees, including dealers, automaker executives, ... [Read More]
Mercedes-Benz Canada to Debut Updated Retail Identity with New Quebec Store
Thursday, Mar. 27, 2014, 02:35 PM
Auto Remarketing Canada Staff
Mercedes-Benz Canada broke ground on a new dealership in Quebec this week that will serve as a debut to what the company is calling “the new Mercedes-Benz retail corporate identity,” where black with silver accents will be the theme of ... [Read More]
Enterprise Expands Car-Sharing Footprint
Thursday, Mar. 27, 2014, 02:14 PM
Auto Remarketing Canada Staff
The Enterprise Rent-A-Car Canada Co. has broadened its reach in the rapidly growing car-sharing business. The company revealed this week it has purchased Toronto-based AutoShare CarSharing Network Inc. "This acquisition reflects our longtime commitment to offering sustainable transportation options throughout ... [Read More]
NAAA Convention to Join with NRC in ’16
Thursday, Mar. 27, 2014, 01:44 PM
Auto Remarketing Staff
The National Auto Auction Association has reached an agreement with Cherokee Automotive Group, publishers of Auto Remarketing Canada and sister publication Auto Remarketing, to combine its annual convention with CAG’s National Remarketing Conference, beginning in the fall of 2016. The ... [Read More]