Axis Auto Finance has already gone out of business, but dissolving the company is going to take more time. The Mississauga-based direct-to-consumer subprime lender will hold a meeting May 30 to ask shareholders to approve a special resolution to complete ... [Read More]

Autocorp.ai has partnered with Canadian Black Book to launch a new tool to help Canadian dealerships identify vehicles that fit their customers’ financial situation. AVA MatchBook provides automation designed to match lender approvals with dealership inventory to save time and ... [Read More]

When it comes to awards, it seems HGreg is already having a banner year. The Québec-based dealership group announced this week it has been nominated for a 2024 Laureate Award in the Business Innovation category. The award, presented by the ... [Read More]

The U.S.’s long-awaited — and feared — 25% auto tariff is in effect, and at least for the moment, its effect on Canada’s used-car wholesale market has yet to be seen. A week after posting its first increase in three ... [Read More]

CreditApp Technologies wants to give car dealers the credit … for providing credit. The Calgary-based provider of indirect lending software has introduced a branded dealer financing portal for Canadian automotive and powersports dealers, a tool it’s touting as the first ... [Read More]

For the first time in three years, Canadian used-car wholesale values rose during the week ending March 29 – though just barely. Canadian Black Book’s weekly Market Insights report showed the overall market inched up 0.01% for the week, its ... [Read More]

The threat of tariffs isn’t just about new cars. A survey conducted in March by Vancouver-based Autozen found consumers in British Columbia are worried about the price of used vehicles due to tariffs. The consumer-to-business auto sales platform’s The Road ... [Read More]

Canada is at war. A trade war. And cars are among the primary weapons. Following U.S. President Donald Trump’s announcement Thursday that a 25% tariff will be placed on all vehicles and auto parts imported into the U.S., to take effect April 2, Prime Minister Mark Carney called the tariff “a direct attack” on Canada. “It feels like a sword hanging over our heads ... [Read More]

With a foothold in Romania, Holand Automotive Group is doubling down on that country’s premium automotive market. The Montreal-based dealership group announced it has acquired Aston Martin Bucharest in Romania’s capital city, adding to its holdings in the Eastern European ... [Read More]

Canadian wholesale vehicle values were as strong as they’ve been all year in the week ending March 22 — with a couple of notable exceptions. Canadian Black Book’s weekly Market Insights report showed seven vehicle segments gaining value, the most ... [Read More]