Three big industry players are teaming up to help prevent fraud in Canadian auto finance. Dealership software provider Dealertrack Canada has partnered with Equifax Canada and Interac to introduce a new identity verification system using Equifax’s identity orchestration services integrated ... [Read More]

The decline of Canadian wholesale used-vehicle values has slowed to a crawl. Canadian Black Book’s weekly Market Insights report for the week ending Jan. 25 showed the overall market down just 0.10%, following the previous week’s 0.17% decrease. Truck/SUV values ... [Read More]

Andrew Lemoine expects to see increased digitization as a trend in auto finance, as consumers are “demanding a lot more seamless online buying experiences.” Consumers want that seamless experience in the overall vehicle purchase transaction, and Lemoine, who is founder and CEO of autocorp.ai, said that includes the financing portion. Autocorp.ai provides tools to allow dealerships to sell cars and engage with consumers online. “When it comes to things like pre-approvals and taking the finance deal further in a digital format, I think we can expect to see ... [Read More]

The week ending Jan. 18 was a relatively strong one for Canadian wholesale used-vehicle values. The overall market was down just 0.17% for the week, according to Canadian Black Book’s weekly Market Insights report, with seven of the 22 segments ... [Read More]

Holand Automotive Group is headed for Europe — with forza. The Montreal-based luxury dealership group has acquired Forza Rossa, Romania’s only Ferrari dealership, located in that nation’s capital of Bucharest. The acquisition is the first venture into the European market ... [Read More]

What’s the most trusted vehicle in Canada? According to AutoTrader, it’s a Toyota. The Japanese automaker claimed six of the 28 categories in the annual AutoTrader Awards, including the award for Canada’s Most Trusted Car Brand. Toyota’s vehicle segment winners ... [Read More]

There’s nothing new about the two top brands when it comes to residual value. Toyota was named the top mass market brand for the sixth consecutive year and Lexus took the premium brand award for the fifth year in a ... [Read More]

The decline in Canadian used-vehicle wholesale prices picked up pace in the first full week of the new year. Canadian Black Book’s weekly Market Insights report showed the wholesale market fell 0.48% for the week ending Jan. 11, ending a ... [Read More]

Canadian electric vehicle owners are not happy with the availability of reliable and convenient public charging — but that won’t stop them from buying another EV, according to a new study from the Canadian Automobile Association. The survey of more ... [Read More]

Lyteflo’s seed has been planted. The new electric vehicle merchandising provider is has closed on $3 million in seed funding in an oversubscribed round led by Diagram, with participation from fellow Canadian venture capital firms Whitecap Venture Partners and Amplify ... [Read More]