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]
Cox Automotive to end sales at Manheim Edmonton auction
Wednesday, Mar. 15, 2023, 09:03 PM
Joe Overby, Senior Editor
Cox Automotive is ending physical auction sales at its Manheim Edmonton location, the company told Auto Remarketing on Wednesday. The last public sale at the auction will be March 25 and the final commercial sale is March 30. The company ... [Read More]
Dealer groups: Ride Automotive adds 2nd US store; Sonic opens new concept store in Nashville
Tuesday, Mar. 14, 2023, 02:56 PM
Auto Remarketing Staff
Canadian dealer group Ride Automotive has made its second U.S. acquisition, purchasing Marin Mazda in San Rafel, Calif., from Michael Glasser The acquisition announced by Performance Brokerage Services, which advised on the deal. Ride Automotive, which includes two Kia stores ... [Read More]
How Canadian used-car values fared to begin March
Thursday, Mar. 9, 2023, 03:22 PM
Auto Remarketing Canada Staff
March began with Canadian wholesale vehicle values falling 0.18%, which is in line with the average movement for same week of 2017-2019, according to Canadian Black Book’s Market Insights report for the week ending March 4. For the last full ... [Read More]
CARFAX Canada rolls out History-Based Value for dealers
Tuesday, Mar. 7, 2023, 06:46 PM
Auto Remarketing Canada Staff
CARFAX Canada kicked off March by launching History-Based Value, a vehicle valuation model designed to adjust automatically for the unique history of each vehicle. CARFAX Canada updates History-Based Value every seven days. The company made this product available for dealers ... [Read More]
PODCAST: EBlock CEO Jason McClenahan returns to show
Thursday, Mar. 2, 2023, 03:54 PM
Auto Remarketing Canada Staff
EBlock CEO Jason McClenahan joined the show from NADA Show 2023 in Dallas in late January for a discussion about how the digital wholesale platform connects land and technology, how EBlock is investing in both, plus wholesale market trends and ... [Read More]