New President and CEO at Kia Canada
Tuesday, Mar. 11, 2014, 04:48 PM
Auto Remarketing Canada Staff
Kia Canada Inc. revealed today it has appointed a new president and chief executive officer. Chosen for the role is Min Kun Kim, who brings over 28 years of experience to his new position, including a variety of job responsibilities ... [Read More]
Growing Number of Shoppers to Buy Used Instead of New
Thursday, Mar. 6, 2014, 04:43 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
The latest report from IBISWorld and findings from Equifax Canada released this week covered what appears to be a rosy future for the used-car industry, as analysts predict strong growth in the Canadian automotive industry and report more consumers turning ... [Read More]
European Automakers Outpace Japanese in CPO Sales
Thursday, Mar. 6, 2014, 03:40 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
As 2014 progresses and February numbers start coming in, European automakers are still outpacing their Japanese counterparts in certified pre-owned sales. Volkswagen Canada reported a record February, selling 1,331 CPO vehicles, compared to 998 sold during the same period of ... [Read More]
2013 Ford Auction Quality Award Winners Announced
Thursday, Mar. 6, 2014, 02:34 PM
Auto Remarketing Canada Staff
Ford Motor Company of Canada Ltd. has officially announced the award winners for the 2013 Auction Quality Program. The Auction Quality Program is an annual metrics driven auction performance tracking initiative which focuses on the overall quality of auction services ... [Read More]
New Auto Remarketing Canada Website Makes its Debut
Wednesday, Mar. 5, 2014, 03:03 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Auto Remarketing Canada is providing our readers with another way to enjoy the latest news and stories coming out of the Canadian remarketing industry with our brand new website: Autoremarketingcanada.com. The new website makes it easier and more convenient for ... [Read More]
Canadian Used-Car Prices Slide Down
Friday, Feb. 28, 2014, 02:42 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
Prices for used cars were on the way down as 2014 got underway — a trend rarely seen in Canada since the 2008 economic downturn that caused leasing to fall off, leading to extremely tight pre-owned supply This past January, ... [Read More]
Automakers Respond to New Canadian Fuel Consumption Values
Friday, Feb. 28, 2014, 02:41 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
This week, the Canadian automotive industry had time to respond to the Canadian Government’s introduction of an improved test methodology for establishing fuel-consumption values, which will be used for new 2015 model-year vehicles — and the verdict is positive. The ... [Read More]
AutoCanada Offers 12th Consecutive Quarterly Dividend Increase
Friday, Feb. 28, 2014, 02:38 PM
Auto Remarketing Canada Staff
This week, AutoCanada Inc. announced its 12th consecutive quarterly dividend increase, due in part to the company’s “continued confidence in the market.” The board of directors declared a quarterly eligible dividend of $0.22 per common share. This represents a 4.8 ... [Read More]
AJAC Awards Name Mazda6 2014 Canadian Car of the Year
Friday, Feb. 28, 2014, 02:36 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
During the Canadian International Auto Show in Toronto, the Automobile Journalists Association of Canada announced their picks for the 2014 AJAC Canadian Car of the Year Awards. AJAC declared the 2014 Mazda6 the 2014 Canadian Car of the Year. Interestingly, ... [Read More]
Ford F-150 Continues Streak as Most Appraised Vehicle in Canada
Friday, Feb. 28, 2014, 02:35 PM
Sarah Rubenoff, Auto Remarketing Canada Editor
The new year is starting out much the same as 2013, with the Ford F-150 being particularly popular in the Canadian market. After coming in as the most appraised vehicle in Canada for full-year 2013, it nabbed the same title ... [Read More]