Ford again leads the way in Vincentric's Best CPO Value in Canada awards
Tuesday, Sep. 17, 2024, 09:57 AM
Canadian wholesale market trends up for first time in 2.5 years
Friday, Sep. 13, 2024, 10:05 AM
AutoCanada begins financial ‘realignment’ with sale of 2 Alberta dealerships
Thursday, Sep. 12, 2024, 10:30 AM
CBB launches Retail Listings Visualization dashboard
Tuesday, Feb. 14, 2023, 03:25 PM
Auto Remarketing Staff
On Monday, Canadian Black Book introduced a Retail Listings Visualization dashboard for the Canadian auto industry that gives its clients into such statistics as vehicle portfolios, brand penetration, in-market and out-of-market sales, and certified pre-owned optimization. Additionally, the dashboard allows ... [Read More]
Amid ongoing supply constraint, buyers & sellers in Canadian wholesale market ‘trying to figure things out’
Thursday, Feb. 9, 2023, 04:21 PM
Sarah Rubenoff, Correspondent
Although digital remarketing was on the rise before COVID, many in the industry still preferred the in-lane process and physical auction sales. Then the pandemic hit. And the economic shutdown was soon to follow. With the closing of auctions’ physical ... [Read More]
HeyAuto, Privacy4Cars partner to help dealers remain compliant, amid growing consumer protection laws
Thursday, Feb. 9, 2023, 03:47 PM
Sarah Rubenoff, Correspondent
Cars are becoming more connected. And with that comes challenges around how this new technology works. Plus, the need for effective and auditable solutions to meet growing regulatory requirements around connectivity technnology to protect consumers has never been higher. That’s why ... [Read More]
Most pressing trends in Canadian auto finance market for 2023
Tuesday, Feb. 7, 2023, 03:18 PM
Sarah Rubenoff, Correspondent
In the auto finance world, things are surely changing rapidly. Prices for new- and used-car inventory were finally coming down a bit in late 2022, perhaps bringing more buyers into buy or “just look” during the holiday season. Axis Auto ... [Read More]
Dealer groups: AutoCanada amends credit facility; Lithia adds to Canadian footprint
Tuesday, Feb. 7, 2023, 03:07 PM
Auto Remarketing Canada Staff
This dealer group roundup includes news from two retailers with footprints in both the U.S. and Canada. Starting with Edmonton-based AutoCanada, the company said Monday it has amended its credit facility, which has also been extended to April 15, 2026. ... [Read More]
Go Auto buys 1st US stores, acquiring Mercedes & Toyota dealerships in Washington state
Wednesday, Feb. 1, 2023, 09:17 PM
Auto Remarketing Canada Staff
Another Canadian dealer group is making moves in the United States. Canada’s Go Auto, a family-owned dealer group based in Edmonton, has made its first U.S. acquisition, announcing Wednesday it has purchased Washington state’s Mercedes-Benz of Bellingham and Toyota of Bellingham. ... [Read More]
Automotive Ventures adds Trader Canada executive as advisor
Tuesday, Jan. 24, 2023, 02:20 PM
Auto Remarketing Canada Staff
Automotive Ventures has added Trader Canada executive Paul Whitworth as an advisor, the company said Monday. Whitworth’s experience also includes helping to develop the Retail Solutions business unit at Cox Automotive as well as co-founding AutoPoint, working as an original ... [Read More]
Element Fleet Management announces CEO succession plan
Tuesday, Jan. 24, 2023, 02:05 PM
Auto Remarketing Canada Staff
Element Fleet Management president and CEO Jay Forbes will retire on May 10 when the company hosts its annual general meeting, and Laura Dottori-Attanasio will succeed him, Element said Monday. Dottori-Attanasio, who has been with the Canadian Imperial Bank of ... [Read More]
Canadian wholesale vehicle prices continue downturn to start 2023
Thursday, Jan. 19, 2023, 03:05 PM
Auto Remarketing Canada Staff
Though not as significant as the prior week’s decline, wholesale vehicle prices in Canada continued their downturn in the second week of 2023. According to the latest Market Insights report from Canadian Black Book, wholesale prices fell 0.41% for the ... [Read More]
First year-over-year drop in Canadian used-car values in 29 months
Thursday, Jan. 12, 2023, 05:00 PM
Auto Remarketing Canada Staff
29 months. That’s the last time there was a year-over-year decline in Canadian Black Book’s Used Vehicle Retention Index. That is, until last month. The index reading of 157.6 was off 0.7% from November and down 0.6% from December 2021, ... [Read More]