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This Month's Focus

Turbocharged Finance
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3 primary capabilities of PayNearMe’s AI Servicing and Collections Agent
Almost a month ago, PayNearMe acquired the technology assets and hired the key employees of Marr Labs in a move described as one that will “help shape the future of payments.” The next development in that future involving artificial intelligence ... Read More
Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here

CarDoor launches platform for dealers to buy cars from consumers

Auto Remarketing Canada Staff
CarDoor has launched a consumer car-selling platform, MarketCheck, where a consumer can post their car for sale to hundreds of dealers and receive offers in real time. Once an offer is delivered and the consumer accepts, CarDoor handles paperwork, arranges ... [Read More]

Clutch opens customer hub in Halifax, it’s third launch of year

Auto Remarketing Canada Staff
Online used-car retailer Clutch has launched a new customer hub in Halifax, Nova Scotia, the third physical location that the company has opened this year. The Halifax Customer Hub, which joins locations in British Columbia and Ottawa, offers a pickup ... [Read More]

Overall wholesale vehicle price depreciation slows in Canada, but climbs for car segments

Auto Remarketing Canada Staff
The decline in wholesale vehicle prices in Canada moderated last week, though it remains steeper than pre-COVID levels for the same period, according to the latest Market Insights report from Canadian Black Book. Overall wholesale prices fell 0.32% for the ... [Read More]

UVeye sets up shop in Canada

Auto Remarketing Canada Staff
UVeye has expanded its footprint to Canada. The vehicle data intelligence company said Thursday that its advanced computer vision inspection systems have launched at dealerships in British Columbia and Ontario. This launch kicks off a planned rollout throughout Canada. UVeye ... [Read More]

After US debut, CarGurus brings conversational AI assistant Guru to Canada

Auto Remarketing Canada Staff
Dealers and car shoppers have a new assistant in Canada. CarGurus announced Monday —  its 10th anniversary in the country — that it has launched Guru, an artificial intelligence car-shopping assistant designed to help consumers find the best deals while ... [Read More]

Used-car sales & pricing behaviors at year’s midpoint, what to expect in second half

Joe Overby, Senior Editor
Used-car retail sales in Canada have been “more resilient than expected” this year, with the softness largely attributable to lack of affordability, not weak demand. That’s according to the latest AutoTrader Price Index report, which said used-car sales are down ... [Read More]

AutoCanada sells 3 BC stores as part of ‘disciplined approach to capital allocation’

Auto Remarketing Canada Staff
AutoCanada has sold three British Columbia dealerships for approximately $32.2 million in gross proceeds, a move the retailer’s CEO says, “reflects our disciplined approach to capital allocation.” The group announced last week that it completed the sale of Island Chevrolet ... [Read More]

EVSearch launches Chinese EV Discovery Centre

Auto Remarketing Canada Staff
Following relaxed trade laws and a beta launch that underscored significant consumer interest in the segment, EVSearch has debuted its Chinese EV Discovery Centre. This new hub offers vehicle specifications, estimated pricing for Canada, expert reviews and model comparisons, and ... [Read More]

AutoCanada acquires Stratford collision business, expanding network in Onataro

Auto Remarketing Editor Joe Overby
AutoCanada has expanded its Ontario collision repair business through an acquisition of a Stratford business formerly operating as Fix Auto Stratford. ACX Stratford, as the facility is now known, is roughly 20,000 square feet and maintains direct repair program relationships ... [Read More]

Trust Science and TD finalize master services agreement

Auto Remarketing Canada Staff
Almost a week after Canada Day, Trust Science and TD celebrated in another way. The artificial intelligence-powered credit decisioning and risk management platform announced on Tuesday that it has entered into a bank-wide master services agreement with TD. According to ... [Read More]

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