New CEO at AutoVerify
Thursday, Apr. 13, 2023, 12:02 PM
Auto Remarketing Editor Joe Overby
AutoVerify has a new CEO. The company said Thursday that chief operating officer Keith Murray, who has been the company since 2020, is now taking on the top role. Prior to joining AutoVerify, Murray worked with Autodata Solutions for 21 ... [Read More]
EV trends stand out in CBB’s 2023 Best Residual Value Awards
Thursday, Apr. 13, 2023, 11:47 AM
Sarah Rubenoff, Correspondent
Canadian Black Book’s annual Residual Value Awards, which were released earlier this spring, revealed some interesting movement in electric vehicle residual values.
It shook out that EVs are expected to hold more value after four years than their internal combustion engine car counterparts.
Specifically, the residual value average for EV winning cars is ... [Read More]
2023 Women & Automotive Profiles in Leadership honorees
Tuesday, Apr. 11, 2023, 12:59 PM
Auto Remarketing Canada Staff
Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s auto industry leaders each year through its Women & Automotive: Profiles in Leadership program, which is sponsored by ... [Read More]
EBlock, EDealer parent to voluntarily delist from TSX
Monday, Apr. 10, 2023, 04:33 PM
Auto Remarketing Canada Staff
E Automotive Inc., which is the parent company of EBlock and EDealer, said Monday it is voluntarily delisting from the Toronto Stock Exchange. The move has been approved by E Inc.’s board of directors and shareholders and the Toronto Stock ... [Read More]
Third-party inspection company Kiwiz expands to more markets in Canada
Thursday, Apr. 6, 2023, 10:46 AM
Auto Remarketing Canada Staff
Kiwiz, a Montreal-based company that provides pre-purchase, third-party inspections on behalf of consumers, said this week it has expanded into additional Canadian markets. The mobile car inspection service launched in Quebec in January 2022 and is now available in Ontario, ... [Read More]
Reynolds buys Canadian automotive software company DealerCorp Solutions
Monday, Apr. 3, 2023, 10:10 AM
Auto Remarketing Canada Staff
Reynolds and Reynolds has acquired Canadian software company DealerCorp Solutions, which focuses on developing cloud applications for the Canadian car business. This is the second purchase of the year for Reynolds, which in late January announced the acquisition of American ... [Read More]
Wholesale prices slow modestly in Canada, but some car segments climb
Thursday, Mar. 30, 2023, 10:31 AM
Auto Remarketing Canada Staff
There was modest softening in the Canadian wholesale vehicle market last week, with most of the price downturn happening among truck segments, according to the latest Market Insights report from Canadian Black Book. Five of the vehicle categories in CBB’s ... [Read More]
Canada Drives restructures business operations, will end online car-buying service
Thursday, Mar. 23, 2023, 10:57 AM
Auto Remarketing Canada Staff
As part of a restructuring of its business operations, Canada Drives will no longer offer online car-buying, and will instead focus on its services that allow consumers to sell their vehicle online and obtain auto finance approval online. Canada Drives ... [Read More]
Holman adds VP of sales for Canadian fleet & mobility division
Thursday, Mar. 23, 2023, 10:40 AM
Auto Remarketing Canada Staff
Holman has named a vice president of sales for its Canadian fleet and mobility division, hiring Eric Attias for the role. Attias’ most recent post was as head of underground mining operations for Toromont Cat, which is one of Catepillar’s ... [Read More]
Though still elevated, Canadian wholesale vehicle prices ease for 3rd straight month
Tuesday, Mar. 21, 2023, 04:30 PM
Auto Remarketing Canada Staff
February marked the third straight month of year-over-year declines in wholesale vehicle prices in Canada, according to analysis around the latest Used Vehicle Retention Index from Canadian Black Book. The index came in at 157.9 for the month, which was ... [Read More]