Strike mandates for Detroit 3 loom as Unifor members vote ‘yes’
Tuesday, Aug. 29, 2023, 10:47 AM
Sarah Rubenoff, Correspondent
Rumors of auto worker strikes are circling around the car manufacturing industries in both Canada and the U.S. And the waves are quickly turning into more than just buzz. This past weekend, Unifor members at Ford Motor Co., General Motors ... [Read More]
AI-enabled platform hits market in effort to optimize deployment of EV charging infrastructure
Tuesday, Aug. 29, 2023, 10:39 AM
Sarah Rubenoff, Correspondent
Recent reports regarding the electric vehicle market in Canada have a similar theme: Interest in EVs is there, but the infrastructure isn’t completely ready. Companies across the automotive space are looking to tackle this challenge, one of which is tech ... [Read More]
Lift Auto Group purchases established collision center
Thursday, Aug. 24, 2023, 09:44 AM
Auto Remarketing Canada Staff
Canada’s Lift Auto Group has purchased a new Oakville, Ontario, collision center. The established CSN Automacs is now under ownership of the Lift Auto network of repair shops. Lift Auto said in the press release announcing the news that it ... [Read More]
AutoTrader.ca deploys upgraded AI-powered solution
Thursday, Aug. 24, 2023, 09:39 AM
Auto Remarketing Canada Staff
Automotive marketplace AutoTrader.ca is bringing a new AI-powered solution to Canada’s auto dealers. Optimizer – AI was launched in 2021 based on AI technology and has been enhanced after two years of research, testing and optimization. Now, Upgrade Optimizer – ... [Read More]
Declines in wholesale prices defy historical seasonality
Thursday, Aug. 24, 2023, 09:27 AM
Sarah Rubenoff, Correspondent
Over the past two weeks, most vehicle segment Canadian Black Book tracks saw declines that went against seasonal norms. During the work week ending on Aug. 12, wholesale values continued to fall above seasonal rates, with an average drop of ... [Read More]
New EV supply stockpile may be sign of ‘growing pains’ for Canadian market
Friday, Aug. 18, 2023, 11:19 AM
Sarah Rubenoff, Correspondent
OEMs continue to pump out new electric vehicle models, and supply of some of the legacy models is backing up as new-car inventory continues to expand slowly but surely.
Although Canadian consumers are leaning toward smaller vehicles due in part to high prices and interest rates, as well as gas prices and environmental concerns, there could be a shift in the near future.
With the rise of electric SUVs becoming more commonplace, this could help ... [Read More]
PAVE, Turnyn partner to drive acquisition, appraisal efficiency
Thursday, Aug. 17, 2023, 12:30 PM
Sarah Rubenoff, Correspondent
Vehicle inspection platform PAVE is partnering with dealer vehicle acquisition platform Turnyn. The partnership is designed to “revolutionize the vehicle acquisition and appraisal process,” in an effort to increase efficiency, condition insight and pricing accuracy, PAVE says. “The collaboration between ... [Read More]
Subaru Canada, Leave No Trace commit to planting 10K trees
Thursday, Aug. 17, 2023, 12:05 PM
Auto Remarketing Canada Staff
Subaru Canada and Leave No Trace are teaming up to help preserve and protect Canadian parks and wilderness. These conservation efforts will be centered around planting a total of 10,000 trees in conjunction with Subaru’s third year of its Adventure ... [Read More]
AutoCanada strategy tied to selling more used vehicles faster, with less inventory
Tuesday, Aug. 15, 2023, 10:50 AM
Sarah Rubenoff, Correspondent
With revenues climbing from a year ago, AutoCanada chairman Paul Antony and his team dove deep on how various operational initiatives have pushed the publicly traded dealer group.
These initiatives, including selling more pre-owned cars while keeping less inventory in stock, were supported by “robust market conditions,” said Antony during a call to announce and analyze AutoCanada’s second-quarter operating results.
"New light inventories have begun to replenish, and this coupled with high demand following the pandemic supply constraints has resulted in [Read More]
CBB wholesale index reflects consumer trend toward smaller vehicles
Tuesday, Aug. 15, 2023, 10:15 AM
Sarah Rubenoff, Correspondent
Wholesale vehicle prices fell by over 1% year-over-year in July, continuing a slow march down from March 2022 highs. More specifically, the Canadian Black Book Index tracking auction prices dropped by 1.4% from July 2022. The monthly drop was slight, ... [Read More]