CBB report shows slower decline for wholesale market last week
Thursday, Sep. 26, 2024, 10:25 AM
Auto Remarketing Staff
A week after the Canadian used wholesale market dropped by nearly half a percentage point, the decline for the week ending Sept. 21 was not quite so steep. Canadian Black Book’s weekly Market Insights reported the market fell by 0.34% ... [Read More]
AutoCanada’s RightRide plan: Close 7 stores, bring rest back to subprime roots
Thursday, Sep. 26, 2024, 10:24 AM
Auto Remarketing Canada Staff
AutoCanada has taken the next step on what it hopes is the road to recovery with the restructuring of its RightRide division. The dealership group said the adjustments to its used-car/subprime finance operation include closing seven unprofitable locations — more ... [Read More]
Go Auto looks to continue its expansion in Canada & south of the border
Tuesday, Sep. 24, 2024, 08:19 AM
Alysha Webb, Correspondent
Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said.
“Acquisitions are always challenging to forecast in terms of exact timelines, but I can say that we are always looking for ... [Read More]
Ford again leads the way in Vincentric’s Best CPO Value in Canada awards
Tuesday, Sep. 17, 2024, 09:57 AM
Auto Remarketing Canada Staff
Ford was the big winner as Vincentric announced the results of its seventh annual Best Certified Pre-Owned Value in Canada awards. The Blue Oval claimed a total of seven awards — two at the brand level and five model awards ... [Read More]
Canadian wholesale market trends up for first time in 2.5 years
Friday, Sep. 13, 2024, 10:05 AM
Auto Remarketing Canada Staff
One month is a data point. Two months is … a trend? For the second month in a row, Canadian Black Book’s Used Vehicle Retention Index was up from the previous month, registering at 136.0 for August. That’s an increase ... [Read More]
AutoCanada begins financial ‘realignment’ with sale of 2 Alberta dealerships
Thursday, Sep. 12, 2024, 10:30 AM
Auto Remarketing Canada Staff
AutoCanada’s quest to return to financial stability has begun. The Edmonton-based dealership group said Wednesday it has sold two of its Stellantis stores in Alberta – Ponoka Chrysler Dodge Jeep Ram in Ponoka and Airdrie Chrysler Dodge Jeep Ram on ... [Read More]
AutoLeap announces integration with parts distributor Worldpac
Thursday, Sep. 12, 2024, 10:29 AM
Auto Remarketing Canada Staff
AutoLeap, a cloud-based auto repair management software provider, announced an integration with wholesale OEM replacement parts distributor Worldpac speedDIAL, providing access to Worldpac’s catalog through AutoLeap’s shop management software. The integration allows AutoLeap users to search for and order parts ... [Read More]
Toyota Canada donates $100,000 for school breakfasts; Subaru extends initiative to celebrate the outdoors
Tuesday, Sep. 10, 2024, 12:51 PM
Auto Remarketing Canada Staff
At the start of the school year, Toyota Canada is helping make sure students get their days off to a good start. The automaker donated $100,000 to Breakfast Club of Canada’s nationwide movement to increase access to quality school breakfast ... [Read More]
Study finds inflation raises cost of auto repairs — and age of Canada’s vehicles
Thursday, Sep. 5, 2024, 10:34 AM
Auto Remarketing Canada Staff
Inflation has driven up the cost of auto repair and maintenance in Canada — and is also driving up the age of the nation’s vehicles. J.D. Power’s 2024 Canada Customer Service Index — Long-Term Study found the average cost of ... [Read More]
Rate of decline increases again in Canadian wholesale market
Thursday, Sep. 5, 2024, 10:33 AM
Auto Remarketing Canada Staff
After a brief slowdown, the Canadian wholesale used-vehicle market’s long downward trend picked up pace again for the week ending Aug. 31. In its weekly Market Insights report, Canadian Black Book reported a 0.29% decline in the overall market, a ... [Read More]